La Paz / AFP Banco Bradesco SA, Brazil’s second-biggest bank by market value, named former executives of HSBC Holdings Plc’s local unit to new leadership positions as its acquisition of the business last month expands the investment-banking team 20 percent. Ricardo Lanfranchi, former head of Brazil equity sales for HSBC, is now global head of equities and derivatives for …

  There’s a very deep, important concept in economics that gets way too little attention from the public (and possibly from economists themselves). This is the idea of asymmetric information. The concept has been around for decades, and research about it has won Nobel prizes, but neither the profession nor the public has ever put it at the center of …

  Leonid Bershidsky Another Tesla has crashed because the driver thought its self-driving technology could actually drive the car. As we read all the stories about magical technology and then use the hyped-up products, we ought to keep in mind that the “magic” hits the market long before they live up to their promise, which in some cases they will …