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Financial Sector

While The Young Receive Pink Slips, Wall Street Execs Get Smaller Paychecks

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

Wall Street firms will be getting a more modest payday this year, though how long it lasts will be anyone's guess. Executive paychecks at big finan...

Government Accounted For Nearly A Third Of All Layoffs In 2011: Report

The Huffington Post | Alexander Eichler | Posted 01.05.2012 | Business

For government workers and financial sector employees, last year was a particularly bad one -- and 2012 likely won't be much better. More jobs were...

Regulators Have Missed Three-Fourths Of Dodd-Frank Deadlines So Far

The Huffington Post | Alexander Eichler | Posted 01.04.2012 | Business

When the Dodd-Frank financial reform law became official in 2010, supporters hoped it would herald in a new era of sobriety and transparency for the f...

Financial Sector A Bigger Share Of Economy Now Than Before The Crisis

The Huffington Post | Alexander Eichler | Posted 12.15.2011 | Business

The financial industry may have taken a hit during the Great Recession. But relative to the overall economy, it's bigger now than it was before Lehman...

U.S. Financial Sector By Far The Worst Performer In S&P 500 This Year

Posted 12.12.2011 | Business

(Angela Moon and Ryan Vlastelica) - Even experienced Wall Street contrarians are eyeing the beaten-down U.S. financial sector warily. The secto...

Obama Raising Far More Financial-Sector Cash Than GOP Hopefuls

The Washington Post | Dan Eggen and T.W. Farnam | Posted 12.19.2011 | Politics

Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and ba...

Warren Buffett's Son On Occupy Wall St.: 'We Saw Large Corporations Really Screw People'

Posted 12.14.2011 | Business

Count Warren Buffett's son among those sympathetic of the Occupy Wall Street protesters. Howard Buffett, son of Berkshire Hathaway CEO Warren Buff...

Hiring Is Up For The Class Of 2011, But Previous Classes Still Struggle

The Huffington Post | Alexander Eichler | Posted 10.30.2011 | Business

Two years after the end of the Great Recession, the job market remains bleak, with millions unable to find work or no longer bothering to look. Th...

Alexander Eichler

Junior Investment Bankers Unhappy With Paychecks, Direction Of Their Industry: Survey | Alexander Eichler | Posted 10.25.2011 | Business

As their industry shifts focus and work becomes ever more demanding, junior investment bankers are saying they're less satisfied with their jobs, acco...

Alexander Eichler

Fed's $1.2 Trillion In Loans 'A Classic Case Of Moral Hazard' | Alexander Eichler | Posted 10.22.2011 | Business

During the 2008 financial crisis, when the nation's banking system seemed on the verge of collapse, President George W. Bush authorized a $700 billion...

Morgan Stanley Reports Loss In Second Quarter

AP | PALLAVI GOGOI | Posted 09.20.2011 | Business

NEW YORK - Morgan Stanley is reporting a loss $558 million for the second quarter. The investment banks' earnings took a hit from converting an invest...

The Solution Is More, Not Less Europe

Antonio Borges | Posted 09.18.2011 | Business
Antonio Borges

It is hard to hold the course in the middle of a storm, but European policymakers need to if they want European integration to succeed.

Merrill Lynch Ordered To Pay Hedge Fund For Losses During Crisis

Posted 09.05.2011 | Business

NEW YORK (Joseph A. Giannone and Jochelle Mendonca) - An arbitration panel ordered a Merrill Lynch clearing unit to pay $63.7 million in damages t...

More, Not Less, Financial Integration Needed in Europe

Antonio Borges | Posted 07.12.2011 | Business
Antonio Borges

Banks -- and the loans they provided in the run-up to the crisis -- are at the heart of Europe's problems today. Policies to promote deeper integration of Europe's banks should be part of the solution.

Government Bonds: No Longer a World Without Risk

José Viñals | Posted 05.25.2011 | Business
José Viñals

The risk free nature of government bonds, one of the cornerstones of the global financial system, has come into question as the global crisis unfolds.

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

Barclays CEO Receives $10.6 Million Bonus

The Huffington Post | Maxwell Strachan | Posted 05.25.2011 | Business

Last month, Barclays CEO Robert Diamond announced that while his banking company would continue to "exercise restraint" against large bonuses, the tim...

NYC Needs a Responsible Banking Act

Brad Lander | Posted 05.25.2011 | New York
Brad Lander

A Responsible Banking Act would require banks that want to make money by holding on to our city's cash to put forward a new generation of strategic plans for meeting the credit needs of New York's communities.

Exploring Economic Policy Frontiers After the Crisis: 2010 IMF Research Conference

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

The crisis has forced economists and policy makers to go back to their drawing boards. Where did they go wrong, and what implications does the crisis have for both macroeconomic theory and macroeconomic policy making?

Don't Put the Blame on James

Paul Abrams | Posted 05.25.2011 | Sports
Paul Abrams

The Miami Heat paid a lot of money to three superstars so they could all be champions together. What in our culture has taught LeBron that doing anything differently, for any other reason, is of equal or greater importance?

'13 Bankers': Who's In Charge, The Banks Or The Government?

James Kwak | Posted 05.25.2011 | Books
James Kwak

When push came to shove in late 2008, the banks' ultimate power was not that they were secretly controlling the levers of power, but that their place at the center of the financial system enabled them to hold the real economy hostage.

Bloomberg Looks to Wall Street to Save NYC Economy

John Petro | Posted 05.25.2011 | New York
John Petro

Will the new deputy mayor, with such strong ties to the financial industry, be willing or able to move New York City away from its reliance on the financial sector?

Financial Reform or New York Deform?

Harry Moroz | Posted 05.25.2011 | New York
Harry Moroz

Will the financial reform bill truly have the devastating impact on financial sector employment and earnings that Mayor Bloomberg expects?

'13 Bankers' In 4 Pictures: Why Wall Street Profits Are Out Of Whack

James Kwak | Posted 05.25.2011 | Books
James Kwak

We're not saying that everyone has to agree with everything we say about these pictures. But they make clear what kind of financial system we have today. And they need some kind of explanation.

Why High Pay is Bad for Capitalism

David Bolchover | Posted 05.25.2011 | Business
David Bolchover

Too often, capitalism's strongest supporters defend high executive pay, especially in the finance sector, in the belief that they are upholding the principles of the free market. This is a grave mistake.