The Memoir

Gone Rogue: The 5 Biggest Trading Scandals in Modern Finance

In the electrifying world of finance, the line between glory and infamy is razor-thin. Welcome to the exhilarating realm of rogue traders, where brazen risk-taking, high-stakes gambles, and thrilli...

Lehman Goes Under: Rise and Fall of the American Dream

On September 15, 2008, the venerable Wall Street brokerage firm Lehman Brothers seeks Chapter 11 bankruptcy protection, becoming the largest victim of the subprime mortgage crisis that would devast...

Titanic: The Tragedy That Sank J.P. Morgan's Shipping Empire

While the shipping industry prospers in the early twentieth century, International Mercantile Marine (IMM) Co. is formed as an attempt to monopolize the attractive North Atlantic routes. The tragi...

Ticker Tape: Stock Quotes Before the Dawn of Computers

What do banks pre-1970s and military parades have in common? Ticker tape! Banks and brokers relied on ticker tape for stock price information, while their quickly-outdated nature and festive looks ...

Glossary: How to read stock and bond certificates

 Paper certificates have long been replaced with electronic trading. As a result, much related terminology is no longer mainstay in finance or day-to-day life, if it ever was. You might be wonderin...

The Crisis That Closed NYSE on Wednesdays

In the late 1960s, an unusual crisis struck Wall Street. With daily trading volume on the New York Stock Exchange soaring to new heights, the average number of shares changing hands had more than d...