The Moral Compass Missing From The Greatest Trade Ever
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
Georges Ugeux | Posted 11.11.2009 | World
Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.
Richard Zombeck | Posted 11.09.2009 | Politics
Deutsche Bank holds the record in Massachusetts for the most evictions of any bank. It is responsible for 17 percent of all evictions in the state, according to activists at the protest.
New York Times | MICHAEL POWELL | Posted 10.16.2009 | New York
The judge waves you into his chambers in the State Supreme Court building in Brooklyn, past the caveat taped to his wall -- "Be sure brain in gear bef...
Jerry Chautin | Posted 09.21.2009 | Business
Many of us know of people who have lost their homes through foreclosure. To a lesser extent we hear about struggling commercial properties vying for a limited pool of tenants.
CBS | Posted 07.25.2009 | New York
New York City's Fire Department has disciplined seven commanders over mistakes that led up to a deadly fire at a ground zero office tower in 2007. Th...
Raymond J. Learsy | Posted 04.20.2009 | Business
If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.
Wall Street Journal | SERENA NG and CARRICK MOLLENKAMP | Posted 04.06.2009 | Business
The beneficiaries of the government's bailout of American International Group Inc. include at least two dozen U.S. and foreign financial institutions ...
AP | DAVID RISING | Posted 02.14.2009 | Business
BERLIN — Deutsche Bank AG, Germany's biggest bank, said Wednesday it lost an estimated euro4.8 billion ($6.4 billion) in last year's fourth quar...
Raymond J. Learsy | Posted 03.26.2009 | Business
In an earlier post, I ended by paraphrasing Lenin, "Wall Street will sell us the rope to hang American Capitalism." Well, in Citigroup we have created the perfect "Grim Reaper."
Raymond J. Learsy | Posted 12.26.2008 | Business
Sorry, I was wrong ten months ago. The Citigroup bell has not tolled. The rot at the heart of American capitalism continues unabated.
Reuters | Grant McCool and Matthew Lewis | Posted 12.12.2008 | Chicago
Luxury hotel and resort developer Donald Trump sued Deutsche Bank and several other banks on Monday, demanding $3 billion in damages, claiming they br...
The Wall Street Journal | Alex Frangos | Posted 11.30.2008 | Chicago
Donald Trump's tallest construction project ever is facing some tall challenges. Many real-estate developers are under pressure these days as lenders...
Frances Beinecke | Posted 11.27.2008 | Green
If these trends in the fossil fuel markets continue, prices will drop, but that means companies won't invest in new projects. Inevitability, we will be looking at a brownout future.
The Daily Beast | Dr. Stephen Josephson | Posted 11.06.2008 | Business
A New York psychiatrist says caustic verbal abuse is the best treatment for traumatized Wall Street jocks. Last week the bottom dropped out of the fi...
AP | Posted 07.23.2008 | Business
LOS ANGELES — A tight credit market prompted Viacom Inc.'s movie-making subsidiary, Paramount Pictures, to drop a deal for $450 million in finan...
John Tepper Marlin | Posted 06.12.2008 | Green
If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.
Reuters | Posted 03.28.2008 | Business
Housing's in the tank, banks are scared to lend, but oil is at $100 a barrel and inflation is threatening to pick up -- what's a central banker to do?...
New York Post | ZACHERY KOUWE | Posted 03.28.2008 | Business
Deutsche Bank boss Josef Ackermann is the latest executive to turn down a chance to be the top dog at Citigroup - a sign there could be more trouble a...
Wall Street Journal | JAIME LEVY PESSIN | Posted 03.28.2008 | Business
NYSE Regulation said it censured and fined 14 member brokerage firms and one former member firm a total of $10.4 million for prospectus-delivery failu...
AP | Matt Moore | Posted 03.28.2008 | Business
Deutsche Bank AG said Wednesday it will write off around $3.12 billion related to the U.S. mortgage morass, but that gains from asset sales and tax cr...
David Fiderer | Posted 11.16.2009 | Business