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Banking

You Really Believe We're the Priority?

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

JPMorgan ends up with the good part of Wamu for a song -- the taxpayer ends up with "Toxic Waste." Seems to me like a great deal for the taxpayer.

Automated Data Feeds Make Smart Regulation Possible Now

W. David Stephenson | Posted 05.25.2011 | Business
W. David Stephenson

What we need isn't more regulation of banking and business in general, but "smart" regulation.

The Women in McCain's Life

Paul Jenkins | Posted 05.25.2011 | Politics
Paul Jenkins

In 10 days Sarah Palin's standing has crashed an awesome 24 points, with a clear majority now having a negative opinion of the Alaska Governor. This k...

Feds Finally Seize Failed Bank That McCain's Son Ran

Mark Nickolas | Posted 05.25.2011 | Politics
Mark Nickolas

Sadly, America is in the thick of the biggest national financial crisis since the savings and loan meltdown of the 1980s and McCain was at the epicenter of the 11th bank failure this year.

Washington Mutual CEO Ousted Over Losses, Mortgage Losses

AP | BY SARA LEPRO | Posted 05.25.2011 | Business

NEW YORK — Washington Mutual Inc., ravaged by losses from sour mortgages, removed Kerry Killinger as chief executive of the nation's largest sav...

More Sarah Palin Comparisons: "Steve Forbes In A Skirt"

Dealbreaker | John Carney | Posted 05.25.2011 | Business

Heavy on the inside jokes and edgy interpretations of finance-related news, must-read trader blog Dealbreaker quotes an "insider" on their opinion of ...

Well Regulated BS

Amitai Etzioni | Posted 05.25.2011 | Politics
Amitai Etzioni

As long as politicians can take money from the industries that are supposed to be regulated, taxpayers will keep paying for the profiteering of these industries.

A Young Entrepreneur on Bank Failures and Small Business

Scott Sinclair | Posted 05.25.2011 | Business
Scott Sinclair

In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.

It's A Very Serious Banking Crisis

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

The amount of money banks are setting aside to absorb losses is increasing, as is the amount of money they are charging off. Neither of these are good developments.

Easiest Job on Planet: Bank CEO

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Take the job after an economic downturn, announce "new era" for Your Bank, have PR people place a Fortune cover story about you, and sit in your chair for three years and collect at least $50 million.

JPMorgan Still On The Hunt For New Acquisitions

Financial Times | By Francesco Guerrera and Ben White | Posted 05.25.2011 | Business

JPMorgan Chase remains on the acquisition trail in spite of its recent takeover of Bear Stearns and tough market conditions, Jamie Dimon, chairman and...

Ambac Private Stock Sale May Raise $2.5 Billion

CNBC | Charles Gasparino | Posted 05.25.2011 | Business

A consortium of banks is planning to underwrite a private sale of as much as $2.5 billion of Ambac stock to shore up the bond insurer's capital, which...

Cayne To Step Down As Bear Stearns CEO

CNBC | Charles Gasparino | Posted 05.25.2011 | Business

James Cayne has resigned as chief executive officer of Bear Stearns, amid widespread concern over his management of the Wall Street firm that has been...

Barclays Bankrolling Zimbabwe Regime

Sunday Times of London (U.K.) | Christopher Thompson, Jonathan Calvert and Jonathan Ungoed-Thomas | Posted 05.25.2011 | Business

BARCLAYS is bankrolling President Robert Mugabe's corrupt regime in Zimbabwe by providing substantial loans to cronies given land seized from white fa...

Biggest Bank Merger Ever Set To Close For $101 Billion

Wall Street Journal | JASON SINGER and CARRICK MOLLENKAMP | Posted 05.25.2011 | Business

The biggest banking deal ever is likely to conclude today, resulting in the dismemberment of one of Europe's largest banks. The significance of the d...

UK Govt Guarantees Bank Customers' Savings As Crisis Looms

The Guardian (U.K.) | Larry Elliott and Ashley Seager | Posted 05.25.2011 | Business

The government last night issued an emergency pledge to Northern Rock savers that their money is safe, after a third day of queues outside branches th...