Investment Banks

How Iceland's Lawyers Enabled Fraud

Iris Erlingsdottir | Posted 07.10.2009 | World


Iris Erlingsdottir

The lack of clear ethical rules and the frontier justice mentality in Iceland continues to cause confusion and raise questions about the legal profession's ability to regulate itself in Iceland.

Trying to Fix the Broken 401(k) System

Garrett Johnson | Posted 07.07.2009 | Business


Garrett Johnson

Representative George Miller is waging a lonely war against powerful enemies. He's trying to reform the 401(k) system, a system that most on Wall Street don't want reformed.

I Just Don't Get It

Larry Gellman | Posted 06.24.2009 | Politics


Larry Gellman

It seems pretty clear that Obama is actually insisting that we change the approach that led the economy off a cliff. I just don't get it.

Lesson Learned

Sen. Fritz Hollings | Posted 05.29.2009 | Politics


Sen. Fritz Hollings

We're bailing out the economy boat desperately with stimulation, but the financial leadership opposes plugging the hole in the hull from offshoring.

A New Style of Investing for a New Day

Kevin Jones | Posted 05.27.2009 | Business


Kevin Jones

Hollywood may be remaking Wall Street, but the days of Gordon Gekko and the "greed is good" mantra are behind us. Now it's becoming a reality in the investment community.

Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 05.27.2009 | Business


WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...

Banks Lobby To Be Both Buyers and Sellers In Troubled Asset Program

wsj.com | DAVID ENRICH, LIZ RAPPAPORT and JENNY STRASBURG | Posted 05.27.2009 | Business


Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves. Banking trade groups are...

Another Turd War Breaks Out at Merrill Lynch

John Carney | Posted 05.15.2009 | Business


John Carney

Nearly one and half years after a Merrill Lynch employee defecated on the floor of a bathroom near a bond trading desk at the bank's headquarters in lower Manhattan, it looks like it may have happened again.

J.P. Morgan Bests Goldman Sachs To Be Number One

Portfolio | Anonymous | Posted 04.27.2009 | Business


Up until about 2006 or so, to work at J.P. Morgan Chase was to experience the feeling that you were part of the blanding of banking. In Wall Street...

Summers/Geithner Plan: Bank Heist One More Time

Diane Francis | Posted 04.07.2009 | Business


Diane Francis

This plan is more of the same: highly leveraged risk-taking shenanigans facilitated by a naive government and tax dollars.

Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower

Diane Tucker | Posted 03.23.2009 | World


Diane Tucker

The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.

How I Lost My Job and Why I don't want it back

Jon Santiago | Posted 03.11.2009 | Business


Jon Santiago

I now think the "Main Street" perception of recklessness in the ivory towers of Wall Street, which initially struck me as too emotional and unfounded, is partially accurate.

Book: The Secret History Of Bear Stearn's Boiler Room

Mar. 3, 2009 | William D. Cohan | Posted 03.04.2009 | Business


NEW YORK (Fortune) -- Years from now, when academics search for causes of the stock market crash of 2008, they will focus on the pivotal role of mortg...

More Nightmares Lurk on Street of Dreams

Dan Dorfman | Posted 02.24.2009 | Business


Dan Dorfman

Taking a longer term outlook, Leibovit thinks "we're in for five or six years of hell," with the Dow tumbling to about 2,000. So where should investors put their money? Consider cash and gold.

Banks' Stress Tests: Find Out How Stressed Is Your Bank

Time | Stephen Gandel | Posted 02.19.2009 | Business


Geithner hasn't detailed his test, other than that it won't be complete for another month. Worse, officials at the Treasury say the tests probably won...

Roosting Chickens

Gary Hart | Posted 02.11.2009 | Politics


Gary Hart

What does the unrelated cast of characters featured in this evening's newscast have in common? They all benefited from the tax cuts and deregulation policies of George W. Bush.

British Bankers: I'm Sorry For Financial Crisis

AP | JANE WARDELL | Posted 02.10.2009 | Business


LONDON — The former heads of Royal Bank of Scotland Group PLC and HBOS PLC apologized to shareholders and the public on Tuesday for the near col...

BofA To Sell Gulfstreams, Luxury Apartment

NBC | Charlie Gasparino | Posted 02.04.2009 | Business


Bank of America, reacting to the recent controversy over executive perks, plans to sell three of its seven corporate jets, sources inside the bank tel...

Obama and Volcker: Economic Solutions, Good; Summers and Geithner: Financial Solutions, Not Good.

Saskia Sassen | Posted 01.27.2009 | Business


Saskia Sassen

The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.

Obama-Nomics Coming

Diane Francis | Posted 01.06.2009 | Business


Diane Francis

Obama-nomics won't merely be the New Deal Part Two. It will have to be executed along with policies hammered out in partnership with the best minds and most enlightened leaders in the world.

Make Wall Street Take The Same Deal The Autoworkers Get

Chris Weigant | Posted 12.22.2008 | Business


Chris Weigant

If we're going to minutely examine autoworkers' wages, and dictate the travel plans of one industry we are bailing out, then it seems eminently reasonable to do the same for the banking industry.

No Cheer For Investment Banks: Morgan Stanley, Goldman Sachs To Report Losses

New York Post | Posted 12.15.2008 | Business


Morgan Stanley's expected to ring up losses of about $1 billion when it reports its fiscal fourth-quarter earnings Wednesday. Continued fretfulness...

Time to Blame Our Own Greed For the Madoff Mess

Vicky Ward | Posted 12.14.2008 | Business


Vicky Ward

When are we going to stop talking about Madoff's "victims" or "foolish investors" and instead ask investors to take responsibility for their own actions?

For Ivy League Seniors, No More Banking on Big Bucks

Julia Plevin | Posted 11.30.2008 | Style


Julia Plevin

It is the American dream to make a rush toward fortune. In 1849, people swarmed to California for gold. In the late 1920s, people rushed to the stock markets when margins were as low as 10%.

Losing Grip on Reality: What Ails the American Economy Runs Deeper Than the Credit Crisis

Shawn Lawrence Otto | Posted 10.23.2008 | Business


Shawn Lawrence Otto

Public investments in basic research and education have been our most reliable economic engine. And yet in recent years we have failed to maintain that engine and to refill our tank.