2008 Financial Crisis

Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 05.25.2012

Read More: U.S. Banks, 2008 Financial Crisis, u.s. Banking Industry Earnings 1q 2012, Video, u.s. Banking Industry, Reuters, Business News, Banking Crisis, Financial Crisis, Bank Earnings, Big Banks, Business News

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

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Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Read More: 2008 Financial Crisis, Derivatives, Financial Reform, Derivatives Reform, Wall Street Reform, Jamie Dimon, Commodity Futures Trading Commission, Brooksley Born, Goldman Sachs, JPMorgan Chase, Financial Crisis, Derivatives Trading, Alan Greenspan, Financial Regulation, Business News
Sanjay Sanghoee

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

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How JPMorgan's Loss Will Affect Four Key Parts Of Financial Reform

AP | DANIEL WAGNER | Posted 05.15.2012

Read More: 2008 Financial Crisis, Congress, CEO Jamie Dimon, Federal Reserve Chairman Paul Volcker, Too Big to Fail, Regulation, Obama Administration, Volcker Rule, Cftc, JPMorgan Chase, Video, Bailout, Securities and Exchange Commission, London Whale, Financial Rules, The Federal Deposit Insurance Corp., Trading Loss, Business News

WASHINGTON — The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congre...

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SEC Head: 'All The Regulators Focused On' JPMorgan Loss

AP | MARCY GORDON | Posted 05.11.2012

Read More: Voldemort, 2008 Financial Crisis, JPMorgan Chase, Video, Risky Investments, SEC Chairman Mary Schapiro, Banks, Jamie Dimon, London Whale, Securities and Exchange Commission, Volcker Rule, Trading Loss, Business News

WASHINGTON -- The head of the Securities and Exchange Commission says the agency is focused on a surprise $2 billion trading loss by JPMorgan Chase. ...

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Paul Krugman: Our Political System Has Been Warped By A Small, Wealthy Minority

The New York Times | Paul Krugman | Posted 05.04.2012

Read More: 2008 Financial Crisis, Income Inequality, Richard Nixon, Great Recession, The New York Times, Plutocracy, Gop, Paul Krugman, Political Polarization, Norman Ornstein, N. Gregory Mankiw, Republican Party, Thomas Mann, Politics News

Before the Great Recession, I would sometimes give public lectures in which I would talk about rising inequality, making the point that the concentrat...

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Bernanke: Fed Responded To Crisis With 'Best Of Bad Options'

AP | MARTIN CRUTSINGER | Posted 04.13.2012

Read More: 2008 Financial Crisis, U.S. Central Bank, Video, Central Bank, Ben Bernanke Financial Crisis, Business News, Ben Bernanke Federal Reserve, Financial Crisis, Federal Reserve, Ben Bernanke, Business News

WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the larges...

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Michael Lewis: It's A Bad Idea To Give Millions To 24 Year-Olds Who Don't 'Know Anything Really'

Posted 03.01.2012

Read More: 2008 Financial Crisis, Wall-Street-Pay-Cuts, Video, Young Wall Street, Michael-Lewis-Liars-Poker, Business News, Michael Lewis, Wall Street Pay, Wall Street Bonuses, Financial Collapse, Business News

When the history books make their judgments about pre-crisis Wall Street, they'll come down hard on those salaries for twenty-somethings -- at least a...

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Controversial Rule's Collateral Damage

Reuters | Posted 04.23.2012

Read More: Municipal Securities Rulemaking Board, 2008 Financial Crisis, Video, The Volcker Rule, Housing Agencies, Dodd-Frank, Municipal Bond Market, Reuters, Securities and Exchange Commission, Washington Suburban Sanitary Commission, Muni Market, Business News

* U.S. agencies consider ban on proprietary trading * About 40 percent of muni market included in ban * Confusion reigns...

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Forget About Lehman: Dow Hits Highest Level Since Before Crisis

AP | CHRISTINA REXRODE | Posted 04.22.2012

Read More: European Debt Crisis, 2008 Financial Crisis, Video, Wall Street, Euro Bonds, Lehman Brothers, Stock Market, Dow Jones Industrial Average, Nasdaq, Standard & Poor's, Economic Recovery, Greece Bailout, Business News

NEW YORK — It came and went in a flash each time, a number on a board for mere seconds, but its symbolic power couldn't be dismissed. The Dow J...

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Disgraced Bank's Ex-CEO Stripped Of Knighthood

Reuters | Posted 04.01.2012

Read More: 2008 Financial Crisis, Fred Goodwin, Video, ABN Amro, Bailout, Reuters, Banks, Nicolae Ceausescu, Recession, Royal Bank of Scotland, Taxpayer, Knighthood, Business News

LONDON, Jan 31 (Reuters) - Britain took the rare step of stripping former Royal Bank of Scotland chief Fred Goodwin of his knighthoo...

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At Citi, 'Disappointing And Unacceptable' Revenue May Mean More Layoffs

Reuters | Posted 03.26.2012

Read More: Layoffs, 2008 Financial Crisis, Video, Citigroup Inc, Securities, Revenue, Reuters, Chief Financial Officer John Gerspach, Hedge Fund, Euro Zone Crisis, Business News

Jan 25 (Reuters) - Citigroup Inc said it may make further cuts in its securities and banking unit in 2012 if revenue does not pick u...

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TARP To Cost The U.S. Nearly Double The Initial Estimates: CBO

Posted 12.16.2011

Read More: Tarp, 2008 Financial Crisis, Video, Tarp Cost to u.s., Government Bailout, TARP Money, Occupy Wall Street, Business News, Financial Crisis, Tarp-Costs, Bank Bailout, Business News

The government's bailout of banks may cost U.S. taxpayers nearly two times more than originally estimated, according to the Congressional Budget Offic...

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Former Regulator May Be Tapped To Monitor Foreclosure Settlement

The Huffington Post | Jillian Berman | Posted 12.12.2011

Read More: Sheila Bair Mortgage Settlement, Financial Crisis, 2008 Financial Crisis, Video, Mortgage Settlement, Sheila Bair, FDIC Chairman Sheila Bair, Attorney General, Too Big to Fail, Business News

An outspoken critic of big banks and their mortgage practices leading up to the financial crisis may be tasked with making sure they comply with a lon...

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Lehman Wins Approval To End Largest Bankruptcy In U.S. History

Reuters | Posted 02.05.2012

Read More: 2008 Financial Crisis, Video, Lehman Brothers, Reuters, Lehman Brothers Holdings, Business News, Financial Crisis, Lehman Brothers Bankruptcy, Lehman Brothers Collapse, Business News

NEW YORK - Lehman Brothers Holdings Inc on Tuesday won court approval for its reorganization plan, allowing it to end the largest bankruptcy in U....

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Official: Criminal Prosecution Of Financial Crimes May Elude Prosecutors

The Huffington Post | Jillian Berman | Posted 12.06.2011

Read More: Criminal Prosecution of Financial Crimes, 2008 Financial Crisis, Financial Executives, Video, Criminal Prosecution, Wall Street Crimes, Business News, Financial Crisis, Financial Crimes, Business News

Though often blamed with making the calls that led the country to the brink of collapse, financial executives likely won't face criminal charges for t...

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Investors Can Sue S&P In German Court Over Lehman

Posted 11.28.2011

Read More: 2008 Financial Crisis, Video, Lehman Brothers, Business News, Standard & Poor's, Credit Rating Agencies, S&p Lehman Brothers, Lehman Collapse, Lehman Brothers Bankruptcy, Business News

A German regional court has opened the door to an investor law suit against credit rating agency Standard & Poor's over its assessment of Lehman B...

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Wall St. Pay May Plunge To 2008 Levels

Posted 11.28.2011

Read More: 2008 Financial Crisis, Video, Wall Street, Wall Street News, Bank-News, Business News, The Great Recession, Wall Street Pay, Wall Street Bonuses, Wall Street Compensation, Business News

The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut...

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Former AIG CEO: Bailout Was Unconstitutional

AP | Posted 01.21.2012

Read More: 2008 Financial Crisis, Video, Maurice "Hank" Greenberg, AIG Bailout, Business News, Financial Crisis, Aig, Hank Greenberg Aig, American International Group, New AIG Bailout, Robert Benmosche, Business News

Ex-American International Group CEO Hank Greenberg is striking back at the U.S. government for bailing out his former employer. Greenberg filed a l...

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OECD, ILO: World Governments Must Put Greater Focus On Jobs

AP | By SARAH DiLORENZO | Posted 11.26.2011

Read More: 2008 Financial Crisis, Unemployment, World Trade Organization, Great Recession, Greece Debt Crisis, International Labor Organization, Jobless, Economic Recovery, g20, Job Creation, Organization for Economic Cooperation and Development, Nicolas Sarkozy, Video, Business News

PARIS -- World governments must not let their focus on spending cuts keep them from creating jobs that will be a key part of economic recovery, an int...

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S&P Could Face Legal Action Over CDO Ratings

AP | MARCY GORDON | Posted 11.26.2011

Read More: Business News, Banks CDOs, 2008 Financial Crisis, Standard & Poor's, Video, Securities and Exchange Commission, Ratings Agencies, Business News

WASHINGTON — The Securities and Exchange Commission is considering taking civil action against Standard & Poor's for its rating of a 2007 mortga...

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S&P Turns Negative For The Year

Posted 10.02.2011

Read More: 2008 Financial Crisis, Bull Market, Dow Jones, Debt Ceiling, Stock Market, Great Recession, Debt Limit, Bear Market, S&P 500, Business News

NEW YORK (Edward Krudy) - The S&P 500 turned negative for the year on Tuesday as the wrangling over the U.S. debt ceiling faded and investors turn...

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World Bank Chief: U.S. 'Playing With Fire' In Debt Ceiling Debate

Posted 09.28.2011

Read More: 2008 Financial Crisis, Robert Zoellick, Debt Ceiling, John Boehner, World Bank, Debt Limit, US Debt, US, US Default, Barack Obama, Video, Business News

WASHINGTON (Lesley Wroughton) - The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt l...

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Moody's Puts Spain On Review For Possible Credit Downgrade

Posted 09.28.2011

Read More: 2008 Financial Crisis, Spain Debt, Great Recession, Credit Rating Agencies, European Union, Spain Debt Crisis, Greek Debt Crisis, Europe, Sovereign Debt Crisis, Moody's, Euro, Video, Business News

MADRID (Sonya Dowsett and Elisabeth O'Leary) - Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns th...

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Unemployment Claims Fall Below 400K For First Time In Over Three Months

Posted 09.27.2011

Read More: 2008 Financial Crisis, Unemployment, Unemployment Rate, Great Recession, Unemployment Claims, Employment, Labor Department, Barack Obama, Business News

NEW YORK (Lucia Mutikani) - New claims for unemployment benefits fell more than expected last week, dropping below the key 400,000 level for the f...

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14 Alternative Titles For The Great Recession

The Huffington Post | James Sunshine | Posted 09.26.2011

Read More: 2008 Financial Crisis, The Great Stagnation, Twitter, Economic Stimulus Package, Huffington Post, Great Recession, Barack Obama, George W. Bush, Business News

Before the current economic downturn ever officially ended, it had already become commonly known as the Great Recession. But two years after its offic...

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