Without any proposed capital controls or explicit enforcement measures, the U.S. Markets Security Act of 1997 contains a clear message: The relevant Committees of the Congress -- including Banking, Foreign Relations and Intelligence -- are now watching, even if most in the Executive Branch and the markets remain perilously dismissive of this complicated 21st century security challenge for this country and our allies.

CENTERFORSECURITYPOLICY: Testimony of Roger Robinson on market security

The U.S. banking sector also faces a public relations issue.

FORBES: Bank Profits Surge To $35 Billion, FDIC Says, But Outlook Still Cloudy

Mr Ivanishvili, who made his fortune in Russia in the 1990s with stakes in metals, banking and then property, promised to rebalance relations with Moscow when he appeared before reporters on Tuesday.

BBC: Georgia election: US and Russia hail parliamentary vote

Nasar weaves people, places, politics, banking, social injustice, war, depression, recession, personal relations, personalities, sex, anti-Semitism, self-doubt, physical impairment, espionage, poverty, personal finance, self-delusion, self-interest, and much more in a book that educates as thoroughly and gracefully as it entertains.

FORBES: Sylvia Nasar's Grand Pursuit Is a Grand Gift

The banking scandal has given Indians an insight into the role that unaccountable intermediaries play in relations between business and government.

ECONOMIST: A series of corruption scandals shake Indian businesses

The board will now look for a new director to restore relations with the international financial community, "based on mutual respect for accepted international banking standards".

BBC: Vatican Bank chief Tedeschi dismissed

Commercial bankers, once the poor relations in Russia's bubble economy, are now discreetly enjoying the pickle in which their investment banking colleagues have landed.

ECONOMIST: Russian banking