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The risks of risk management Banks now employ thousands of highly-qualified mathematicians to quantify risk for them. So why did they not foresee the credit crunch?Quantitative finance lecturer Paul Wilmott explains how a failure to see beyond the numbers might be to blame. We have ...

[caption id="attachment_3889" align="alignnone" width="626" caption="REPO CRASHED"][/caption] RBI CUTS REPO, REVERSE REPO RATES BY 100 bps. The Reserve Bank of India on Saturday cut the repo rate - the rate at which RBI lends to banks - by 100 basis points ...