I suppose that he can't be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary.
In reality, the Volcker Rule will mean no change, no closure of business divisions, no costs from foregone financial activity, for more than 99.9 percent of banks.
Please don't tell me that these reports in the business press touting Sallie Krawcheck as a front-runner for chairman of the SEC or even a possible candidate to be the next Treasury secretary are true.
Any manager remotely associated with the demise of the nation's largest bank might seem an unlikely choice to head the SEC. Yet Sallie Krawcheck, the woman who served as CFO of Citigroup in the run-up to the 2008 financial crash, is now on a short list of candidates.
Does the route to a company's top spot -- outside hire versus homegrown talent -- make any difference to a CEO's effectiveness and ultimate success? Let's take a closer look.
An early litmus test of Barack Obama's willingness to push policies to help the middle class in his second term will be whether or not he gives Treasury Secretary Geithner the sack.
100 million Africans live out of Africa... What keeps the pulse beating? Surviving the cold, different languages, cultures, food; sometimes hostilities... in the next months, I talk to some intriguing Africans to watch out for.
The announcement of a new leader will impact different people differently. Some will be emotionally impacted. Some will be directly impacted. Some will be indirectly impacted. Some will be less impacted. Manage how they hear the news differently.
Management Leadership for Tomorrow (MLT) is the number one source of minority students at the top ten U.S. business schools. Founded and led by John R...
The big five health insurance companies have begun reporting their third quarter 2012 earnings and, so far, they are pleasing their shareholders with profits that are better than Wall Street expected.
Politicians, not bankers, are the culprits this time around -- siphoning billions from that historic settlement and pumping it into their broken state budgets.
In Manhattan, the real estate ship has definitely turned and is leaving a wake behind. For the rest of the country, there doesn't seem to be more than a ripple.
Small business lending has fallen some at small and mid-sized banks, but not nearly as much as it has at big banks. All of this adds up to what may be the most compelling argument for breaking up the nation's biggest banks.
Though our interactions on social media platforms are frequent, and while it's common to ask our networks for advice on both personal and professional matters, it's still a complete taboo -- in case you didn't know -- to talk about money online.
Take news about rising bank profits and combine it with reports about land grabs by private equity firms, and you've got a deal made in hell. You can bet working schmucks like you and me won't be invited to the closing party.
Every day we rise and tell ourselves this will be a good day, free of that unique combination of predation, self-pity, mediocrity and disingenousness which characterizes the modern bank executive. And every day somebody proves us wrong.