Under the Counter

Plus ça changeAlthough it will certainly be anything but the first time, it is always galling when I have to stand up and admit that I might have spoken too soon on some issue or another. I still remember the jeering that greeted, for instance, my rather premature insistence that every major international bank would have a female chief executive by 1986. And the less said about my definitive view – and significantly too large wager – that Eurex US would blow CBoT out of the water the better, frankly (though I wonder if I could still...