JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earn...
New York Times | Cyrus Sanati | Posted 10.07.2008 | Home
WARREN E. BUFFETT is no fan of investment bankers. He prefers to broker his own deals and investigate companies the old-fashioned way -- by reading ba...
Wall Street Journal | Posted 06.17.2008 | Home
When Bear Stearns was dying (and even just before) many wondered what would happen to its successful prime brokerage business, which is engaged in the...
AP | JEANNINE AVERSA | Posted 03.20.2008 | Home
WASHINGTON — Big Wall Street investment companies are taking advantage of the Federal Reserve's unprecedented offer to secure emergency loans, t...
MarketWatch | Greg Morcroft | Posted 03.18.2008 | Home
Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday th...
New York Times | MICHAEL J. de la MERCED | Posted 03.11.2008 | Home
With their big paydays and bigger egos, private equity moguls came to symbolize an era of hyper-wealth on Wall Street. Now their fortunes are plummet...
Yvette Kantrow | Posted 02.01.2008 | Home
Why is the media obsessed with where Jérôme Kerviel, aka the mad trader, went to school? You can hardly pick up a newspaper account of Kerviel's she...
New York Times | JENNY ANDERSON, LANDON THOMAS Jr. | Posted 11.19.2007 | Home
For more than three months, as turmoil in the credit market has swept wildly through Wall Street, one mighty investment bank after another has been br...
Danny Schechter | Posted 09.02.2007 | Home
Last Friday, the president announced some modest, mild, limited intervention -- all terms used in the press -- to put a band aid on this subprime cancer, and whatever you do, don't call it a bail-out.
Tina Fey graces the cover of the January issue of Vanity Fair, and in an...
Via ThinkProgress, in an interview with NewsMax, President Bush's brother Jeb...
President Bush let it all out today during an interview with ABC News' Charlie...
Governor Palin Neglects Alaska Duties for Partisan Stumping on Campaign Trail...
The following is Part I of Sean Penn's piece, Mountain of Snakes (Read Part II here) The
Last week, Black Friday heralded the unofficial kickoff of the 2008 winter holiday...
Reuters has a Q&A with John Travolta to promote his animated film "Bolt." At the end, they ask him...
President-elect Barack Obama announced Monday that Robert Gates would remain as...
After a 12-day hiatus, Sarah Palin stepped back into the spotlight on Monday to...
NEW YORK — Rush Limbaugh has seldom been a fan of...
WASHINGTON — The Bush administration backed off proposed crackdowns...
CHICAGO — Almost one in five young American adults has a personality disorder that interferes...
Dear President-elect and Mrs. Obama: I know that the greening of the White House...
Reuters | Posted 11.20.2008 | Home