News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Armageddon option for misbehaving banks

The astronomic fines over Libor manipulation are hitting the wrong targets. Perhaps it’s time for regulators to take a more radical approach

In a few days' time, mankind will come as close as it has in more than a hundred years to finding out what happens when a big lump of rock crashes into the Earth at high speed.

An asteroid known as 2012 DA14 is scheduled to miss us by just 20,000 miles. That sounds like a fair margin, but in astronomical terms it is a hair's breadth.

WSJ Logo