iOS app Android app

Banking Sector

Can Cyprus's Sacrifice Save the Eurozone?

Justine Frangouli-Argyris | Posted 05.21.2013 | World
Justine Frangouli-Argyris

Will the government opt to raid some state pension or insurance funds that have already been contributing their share by buying up large sums of national bonds? Will the Europeans back down and ultimately agree to some alternative bailout deal that leaves savings untouched?

Americans Hate Wall Street, Just Not As Much As They Hate Washington

The Huffington Post | Khadeeja Safdar | Posted 06.28.2012 | Business

American faith in Wall Street just hit a record low, but, hey, at least it's not Washington. Twenty-one percent of Americans reported confidence in...

Banking Sector Puts Its Money On Mitt Romney

boston.com | Posted 05.18.2012 | Politics

When Jamie Dimon of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving poli...

Bank Shareholder On CEO Pay: 'You Should Be Ashamed'

Reuters | Posted 06.27.2012 | Business

* 31.6 pct vote against Credit Suisse pay plan * 26.9 pct vote against Barclays executive pay * Investors angry at payou...

Banks Were Too Big To Fail 200 Years Ago, Too

The Huffington Post | Mark Gongloff | Posted 04.11.2012 | Business

If you think American banks are too big to fail now, you should have seen them 200 years ago. Banks dominated the American corporate landscape in 1...

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...

With Metlife Deal, GE Takes On $7.5 Billion In Consumer Banking Deposits

Posted 12.27.2011 | Business

(BEN BERKOWITZ and TANYA AGRAWAL, Reuters) - General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank fro...

Gadhafi Sold Libya Gold To Pay Uprising Salaries

AP | Posted 11.08.2011 | Business

TRIPOLI, Libya -- The new governor of Libya's central bank says the former regime sold about 20 percent of the country's gold reserves to cover salari...

Revisiting Kazakhstan: An Economic Approach Beyond Petroleum

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Has Kazakhstan turned the corner from its Soviet years? Probably not politically, but the time has come to revisit this Central Asian republic's economic potential.

Restricting Bank Funding for Hedge Funds: Paul Volcker Does Not Go Far Enough

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enough.

Should We Chase JPMorgan Chase?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

It's worth keeping in mind that Wall Street love affairs are notorious for their short lifespan and bitter endings.

We Don't Need a New Version of the Glass-Steagall Act

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

I tend to believe that the Glass-Steagall approach, an institutional way to address the question, overlooks the importance of a market response.