Cuomo Details Bonuses From Bailed-Out Banks
NEW YORK (AP) -- Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York...
NEW YORK (AP) -- Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York...
newsweek.com | Posted 08.24.2009 | Business
Goldman Sachs and JPMorgan Chase have reported huge profits, the Dow has made it past 9000, and Barack Obama has moved on to health care. The horror s...
The Media Consortium | Posted 08.21.2009 | Business
Congress should be writing regulations to curb risk in the financial system as fast as bankers are paying themselves bonuses. They're our representatives, after all, and it's our money.
Ellen Kanner | Posted 08.20.2009 | Green
For Goldman Sachs and JPMorgan Chase, the economy's dark days are over. Then there's the rest of us, for whom no bailout appears forthcoming and for ...
Reuters | Posted 08.19.2009 | Business
U.S. President Barack Obama's chief of staff, Rahm Emanuel, has declined an invitation to attend a board meeting of JPMorgan Chase & Co, a White House...
Dan Dorfman | Posted 08.17.2009 | Business
My grandma said that if I read something that doesn't seem to make sense, I should think twice about it. With that thought in mind, I decided to rattle off a slew of economic absurdities coming from Wall Street, the media and Washington.
nytimes.com | GRAHAM BOWLEY | Posted 08.17.2009 | Business
A new order is emerging on Wall Street after the worst crisis since the Great Depression -- one in which just a couple of victors are starting to towe...
New York Times | GRAHAM BOWLEY | Posted 08.16.2009 | Business
A new order is emerging on Wall Street after the worst crisis since the Great Depression one in which just a couple of victors are starting to tower o...
AP | IEVA M. AUGSTUMS | Posted 08.16.2009 | Business
CHARLOTTE, N.C. — The banking industry has another winner. JPMorgan Chase & Co. reported a 36 percent jump in second quarter profits Thursday, ...
Ellen Brown | Posted 08.14.2009 | Politics
California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.
HuffingtonPost.com | Arthur Delaney | Posted 08.01.2009 | Business
As lawmakers worked out credit card reform legislation earlier this year, card issuers argued that tough restrictions would make credit costlier for c...
Wall Street Journal | Posted 07.30.2009 | Business
The securities firms still standing on Wall Street are about to close the most lucrative quarter since the credit crisis erupted. And instead of re...
Lesley Stern | Posted 07.24.2009 | Comedy
Say you stop wasting your entire unemployment check on the hedonistic pleasure of protecting your precious credit rating. Instead, you're going to try eating, and maybe splurge on health insurance.
The Huffington Post | Ryan McCarthy | Posted 07.23.2009 | Business
They're coming out on top, even in a down market. This week Crains released its "Fortunate 100," a ranking of the New York City area's highest-paid ex...
Politico | Posted 07.18.2009 | Politics
If you want to score a meeting with Rep. Jim McDermott (D-Wash.), know this: His scheduler/office manager, Elizabeth Becton, is to be addressed by her...
The Hill | Posted 07.11.2009 | Business
On the eve of a major overhaul of the financial system intended to prevent another crisis from erupting, the financial industry has built a more than ...
Jun. 9, 2009 | Colin Barr, Senior Writer | Posted 07.11.2009 | Business
NEW YORK (Fortune) -- Don't expect TARP-free banks to unleash a torrent of loans to cash-strapped consumers. The Treasury Department told ten big b...
bloomberg.com | Christine Harper and Elizabeth Hester | Posted 07.11.2009 | Business
June 10 (Bloomberg) -- JPMorgan Chase & Co., Goldman Sachs Group Inc. and the eight other banks cleared yesterday to repay their U.S. government rescu...
AP | DANIEL WAGNER and STEVENSON JACOBS | Posted 07.10.2009 | Business
WASHINGTON - The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money. The department o...
Francine Hardaway | Posted 07.06.2009 | Business
Even if they printed the disclosure in 18 point type, you wouldn't know what was going to hit you from behind. You will need to know what I've found out about banks and credit card companies.
Reuters | Posted 07.03.2009 | Business
Bank of America Corp (BAC.N) and Citigroup Inc (C.N) may be at risk of getting left behind. Rivals including JPMorgan Chase & Co (JPM.N) and Goldma...
Michael Moore | Posted 06.01.2009 | Business
Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.
HuffingtonPost.com | Ryan Grim | Posted 05.21.2009 | Politics
JPMorgan Chairman and CEO Jamie Dimon, in a letter to shareholders, touched on a theme that critics of the Iraq war were highlighting more than a year...
Fortune's Stanley Bing | Posted 05.18.2009 | Business
People have been telling me that I should cheer up. So I went online and don't you know, I found three great reasons to do so.
Michael J. Panzner | Posted 05.17.2009 | Business
To the cynical observer, the history of government policymaking might also be called a chronicle of unintended consequences.
AP | Stephen Bernard, AP Business Writer | Posted 08.30.2009 | Business