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Investment Banks

Harvard MBAs: When Fewer Take Jobs On Wall Street, It May Indicate A Rising Stock Market

nytimes.com | Cyrus Sanati | Posted 11.06.2009 | Business

Read More: Investment Banks, Wall Street, Hedge Funds, Private Equity Firms, M.B.A., Financial Crisis, Soifer Consulting, Harvard Business School, Harvard, Business News

Fewer Harvard M.B.A. graduates took jobs on Wall Street this year than in the past as a result of the sharp contraction in the financial services indu...

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Shahien Nasiripour

At Goldman Sachs, It's Mostly $100 Million Days

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

Read More: Investment Banks, Goldman Sachs, Bailout Bandits, Wall Street, Zero Hedge, Financial Crisis, Trading, Goldman Sachs Profits, Business News

On three out of every five days this year, Wall Street's leading firm has made at least $100 million trading stocks and bonds, and creating and enteri...

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Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 10.21.2009 | Business

Read More: Investment Banks, Commercial Banks, Gramm-Leach-Biley Act, Economy, President Obama, New York Times, Timothy Geithner, Paul Volcker, Lawrence Summers, Glass-Steagall, Business News
Allison Kilkenny

Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.

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Big Bank Profits Spark Rally in Cocaine, Hooker Sectors

Andy Borowitz | Posted 10.15.2009 | Comedy

Read More: Borowitz Report, Investment Banks, Hookers, Merrill Lynch, Andy Borowitz, Bailout, Banks, Limousines, Mistresses, Cocaine, Comedy News
Andy Borowitz

The historic profits notched by the nation's biggest banks are starting to have a positive impact on the broader economy, with the cocaine and hooker sectors showing striking gains.

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Blankfein Interview: Goldman Sachs CEO Lloyd Blankfein Says Firm Got No Special Treatment, Plans Bonuses For 2009

The Wall Street Journal | HOLMAN W. JENKINS JR. | Posted 10.11.2009 | Business

Read More: Lloyd Blankfein, Finance, Hank Paulson, Blankfein, Banks, Blankfein Interview, Bonuses, Bailouts, Bailout, Investment Banks, Goldman Sachs, Paulson, Goldman Sachs Bonuses, Interview, Ceo, Goldman Sachs CEO, Henry Paulson, Treasury, Timothy Geithner, Business News

Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein profe...

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Fleecing the USA Again: Non-Performance-Based P3 Banker Fees

Michael Likosky | Posted 09.28.2009 | Business

Read More: Goldman Sachs, p3s, Chicago Parking, Investment Banks, World War Two, Bridges, Public-Private Partnerships, Tarp Banks, Power, Public Works, City of Chicago, Water, Roads, Privatization, Levies, Bonuses, People of Chicago, Skyway, Business News
Michael Likosky

If the recovery is done right, we can forge public-private partnerships akin to the Second World War. However, our least patriotic institution, the large scale investment bank, seems to have something different in mind.

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Life Insurance -- Bankers' New Best Friend

Christopher Brauchli | Posted 09.24.2009 | Business

Read More: Investment Banks, Collateralized-Debt-Obligations, Banks, Credit Default Swaps, Securities, Life Insurance, Business News
Christopher Brauchli

This latest financial instrument is a guaranteed win-win almost for sure.

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Banking's Good, Bad And Ugly

Dan Dorfman | Posted 09.21.2009 | Business

Read More: Morgan Stanley, Northern Trust, Bank of New York, Subprime Mortgages, Zions Bancorp, Cre Exposure, Bank of America, Investment Banks, Commerical Banks, Boston Private Financial Holdings, Banks, JP Morgan, Huffington Post, Business News
Dan Dorfman

So far this year, 94 banks have failed and another 500 to 1,000 may go belly up in the next two to three years. Let's take a look at our nation's banks.

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Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 09.16.2009 | Politics

Read More: Tarp, Economics, Mortgage Crisis, Media, Obama Health Care, Recession, Lending Crisis, Investment Banks, Wall Street, Rachel Maddow, Joe Wilson, Bernanke, Health Care Reform, Banks, Fed Chairman Ben Bernanke, Refinancing, Economic Recovery, Ben Bernanke, Media News, Wall Street Bonuses, Tea Party, Politics News
Michelle Kraus

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

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Top Canadian Banker Explains Green Strategy

Diane Francis | Posted 09.15.2009 | Green

Read More: Investment Banks, Canadian Broadcasting Corp., Oil Sands, Canadian Oil Sands, Environment, Green, Financial Crisis, Banking Crisis, Environmental Sustainability, David Suzuki, Financial Post, Green News
Diane Francis

Canada's banking system is one of the best regulated, and modulated, in the world, which is why no Canadian financial institution went bust during the 1930s Depression.

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Could We Expect Anything From the Pittsburgh Summit of the G-20?

Georges Ugeux | Posted 09.12.2009 | World

Read More: Lloyd Blankfein, Capital Ratio, Financial Reform, Bank of International Settlements, George W. Bush, New York Federal Reserve, Stimulus, Econommic Growth, Banking Lobbies, Barack Obama, Josef Ackermann, Nicolas Sarkozy, Emerging Markets, Investment Banks, Deutsche Bank, Goldman Sachs, G-20 Summit, Hedge Funds, Tim Geithner, Financial Crisis, Bill McDonough, Bonuses, World News
Georges Ugeux

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.

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Obama's Missed Moment

Les Leopold | Posted 09.11.2009 | Business

Read More: Financial Crisis, Wall Street, Health Care, Barack Obama, Economic Crisis, Wealthy Tax Cuts, Health Care Speech, Investment Banks, Finance, Derivatives, Business News
Les Leopold

All Barack Obama had to do was to address, and then focus, the anger felt all over America about the incredible rip-off that is called Wall Street.

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Beer, Cigarettes and Flat Screen TVs: Targeting the Poor in Times of Economic Crisis

C. Nicole Mason | Posted 09.09.2009 | Home

Read More: AIG Bailout, Temporary Aid to Needy Families, Aig, Tanf, Poverty, Economic Stimulus Package, Race, US Poverty, Social-Policies, Investment Banks, Middle Class, Home Buyer's Credit, Home News
C. Nicole Mason

When it comes to lending a helping hand to poor people, there seems to be a double standard. The government requires states to match funds for poverty relief, while banks get stimulus money without a fee.

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Simon Johnson on the Evidence for Overmighty Finance

Robert Teitelman | Posted 10.18.2009 | Business

Read More: Economic Data, Willem Buiter, Simon Johnson, Economics, Benjamin Friedman, Finance, The Baseline Scenario, John Plender, Investment Banks, Business News
Robert Teitelman

For all its influence, economics doesn't really have much to say about something as fundamental (and yes, complex) as the relationship between the size of the financial sector and growth in the real economy.

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Citibank Really Needs to Rethink This Poster

Jessica Olien | Posted 09.30.2009 | Business

Read More: Citibank, Banks, Bad Bank, Advertising, Investment Banks, American Recovery and Reinvestment Act, Unicycles, Business News
Jessica Olien

A new banner unfurled across Citibank's window depicts a man with a bowl cut. He is grinning manically. And he's perched atop a unicycle.

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AIG Bailout Enters New Phase -- With "Even More Generous Payments For Some Banks"

New York Times | Posted 09.12.2009 | Business

Read More: Investment Banks, Goldman Sachs, Aig, Wall Street Bailout, Bailout, TARP Money, Tarp, Business News

The bailout of the American International Group has entered another phase -- one that includes even more generous payments for some banks....

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Yes, We Can Make Wall Street Pay for its Own Bailouts

Charlie Cray | Posted 08.28.2009 | Business

Read More: Obama, Wall Street Crisis, Bailout, Banks, Wall Street, Economic Crisis, Investment Banks, Liar's Poker, Infectious Greed, Business News
Charlie Cray

Obama did advance the financial reform agenda in his July 22 press conference by calling for a transaction fee for exotic instruments such as credit derivatives.

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From Lehman to Landscaping: A Laid-Off Banker, One Year Later

P.G. Sittenfeld | Posted 08.13.2009 | Business

Read More: Layoffs, Laid Off, Investment Banks, Lehman Brothers, Investment Bankers, Business News
P.G. Sittenfeld

After losing my job, I watched Lehman's stock price until the whole ship went under last fall. I needed a new source of income, so I moved to Dublin, Ohio to work for a lawn care company.

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How Iceland's Lawyers Enabled Fraud

Iris Erlingsdottir | Posted 08.09.2009 | World

Read More: Michael Jackson, Legal Ethics, Lawyers, Legal-Ethics, Cheney, Iceland Economic Crisis, Iceland Global Economic Crisis, John Yoo, Iceland Economy Collapse, Iceland, Elvis Presley, Iceland Bankrupt, Dick Cheney, John Yoo Torture, John Yoo Memo, Global Economic Crisis, Iceland Banks, Investment Banks, Iceland Economy, Iceland National Bankruptcy, Ethics, Banks, Financial Crisis, Banking Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Bank Crisis, World News
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.

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Trying to Fix the Broken 401(k) System

Garrett Johnson | Posted 08.07.2009 | Business

Read More: Reform, 401(K) Plans, Retirement Funds, Investment Banks, Baby Boomers, Wall Street, Vanguard, George Miller, Business News
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.

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I Just Don't Get It

Larry Gellman | Posted 07.25.2009 | Politics

Read More: U.S. Economy, Right Wing Media, John McCain, Global Economy, Rush Limbaugh, Iran Election, Cnbc, Economy, Economic Crisis, President Obama, Bank of America, Right Wing, Iran, Obama Economy, Lindsey Graham, Iranian Election, Barack Obama, Investment Banks, Goldman Sachs, Investing, Economic Stimulus Package, Finance, Larry Kudlow, Rush Limbaugh Obama, Fox News, Henry Paulson, Financial Crisis, Economic Stimulus, Saxby Chambliss, Fox, Citigroup, Politics News
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.

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Lesson Learned

Sen. Fritz Hollings | Posted 06.29.2009 | Politics

Read More: Investment Banks, Timothy Geithner, Offshoring, Bank Bailout, Trade, Nafta, Politics News
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.

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A New Style of Investing for a New Day

Kevin Jones | Posted 06.27.2009 | Business

Read More: Investment Banks, Greed, Investing, Corporate Greed, American Greed, Business News
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.

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Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 06.27.2009 | Business

Read More: Investment Banks, Fdic, Morgan Stanley, Wells Fargo, Federal Deposit Insurance Corp, Bank of America, Banks, Banking Crisis, Sheila Bair, FDIC Chairman Sheila Bair, Gmac, Citigroup, Business News

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...

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

wsj.com | DAVID ENRICH, LIZ RAPPAPORT and JENNY STRASBURG | Posted 06.27.2009 | Business

Read More: Investment Banks, Goldman Sachs, Fdic, Bank Lobby, Private Public Investment Program, Wells Fargo, Ppip, Banking Regulation, Bank of America, Banking Crisis, Citigroup, American Bankers Association, Business News

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...

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