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Michael Lewis: 'Wall Street has gone insane'

Michael Lewis - Flash Boys

On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.

Carlyle's Africa fund is getting huge interest

Pot Of Gold

Here's further proof that serious international investors are warming to Africa: The Carlyle Group announced Wednesday that it had raised $698 million for its dedicated continental fund, nearly $200 million above its initial target..

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Barclays Canary Wharf

Report - Barclays CFO: no credible plan investment bank

In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.

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