iPhone app iPad app Android phone app Android tablet app

Commercial Lending

Banking Regulation Needs to Confront Real Risks Presented by Financial Derivatives

David Paul | Posted 05.25.2011 | Politics
Read More: John McCain, Maria Cantwell, Financial Reform, Bill Seidman, Derivatives Reform, Gramm-Leach-Bliley-Act-of-1999, Credit Default Swaps, Teamsters, YRC Trucking, Aig, Goldman Sachs, Paul Volker, Morgan Stanley, Lehman Brothers, Richard Fuld, Glass-Steagall Act, Banking Crisis, Ben Bernanke, Alan Greenspan, Banking Reform, Systemic Risk, Commercial Lending, Politics News
David Paul

Our banking system is structurally flawed, and the changes instigated by the passage of the Financial Services Modernization Act of 1999 should be fundamentally reconsidered.

Read Whole Story

Icahn Loans CIT $1 Billion, Backs Restructuring Plan

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business
Read More: Retail Industry, Bankruptcy, Carl Icahn, Financial Crisis, Economic Recovery, Cit Group, Commercial Lending, Recession, Business News

NEW YORK — Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company's rest...

Read Whole Story

Investment Banking, Lending Split: BofA Lewis Suggests

Bloomberg | Hans Nichols and Christine Harper | Posted 05.25.2011 | Business
Read More: Bank of America Lewis, Investment Banking Commercial Lending, Commercial Lending, Commercial Lending Investment Banking, Investment Banking, Business News

March 27 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis said today the U.S. should consider separating commercial lenders ...

Read Whole Story