Office of the Comptroller of the Currency

The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and thrift institutions and the federal branches and agencies of foreign banks in the United States. The Comptroller of the Currency is Joseph Otting. Headquartered in Washington, D.C., it has four district offices located in New... Read More

Ed Thorp: the man who beat the casinos, then the markets

From the Financial Times: John Authers talks to the ‘godfather’ of investing about Madoff, moneymaking and madcap inventions  Lunch with the FT As far as Ed Thorp is concerned, Wall Street is no better than a casino — not because it is a gamble, but because it is fixed. “The invisible hand has become the invisible middle finger. It’s a... Read More