Displaying all articles tagged:
Report: Feds Investigating Morgan Stanley ‘Dead Presidents’ Deals Like Goldman Sachs, the firm created CDOs and used them to bet against the housing market.
Andrew Cuomo Sues Bank of New York Over ‘Egregious’ Breach of Conduct in Madoff Affair The New York Attorney General continues his crusade against financial institutions, and the English language.
Report: Stock-Market Plunge May Have Been Caused by Idiot Citigroup Trader A trader may have entered a “b” for billion instead of an “m” for million in a trade, messing up global markets.
Amid SEC Circus, Goldman Sachs Reports $3.46 Billion in Earnings “In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people.”
Friendly Robber Wishes Victims Well Not all robbers are bad people, it turns out.
Bank of America Plans to Eliminate Overdraft Fees on Debit Purchases Gone are the days of “$40 cups of coffee” … for Bank of America customers, at least.
Vikram Pandit to Thank the Government You read that right. This man has no pride.
Bernanke ‘Welcomes’ a ‘Full Review’ of AIG Bailouts Come on in, look around, the Fed chairman has nothing to hide.
Gisele Gives $1.5 Million To Haiti Relief Which makes her a bigger donor than Goldman Sachs, not that anyone is cynically keeping track of that.
Geithner’s New York Fed Tried to Cover Up AIG Payouts Not really “cover up.” Just make it a “less transparent event.”
JPMorgan’s Christmas Gift to the Rich and the (Relatively) Poor They’re lifting the salary freeze on employees, just in time for bonus season.
Feds Weren’t the Only Thing That Drove Ken Lewis to the Edge The Bank of America CEO was being hounded by his mother, for one.
Bank of America Posts $1 Billion Loss This makes us feel less bad about CEO Ken Lewis getting no pay this year.
JPMorgan Posts $3.59 Billion Profit But hold the bubbly: Credit cards are still a problem.
Where Citigroup’s Going, They Don’t Need Roads Citi is becoming a “bank of the future” by catering to folks just like us.
Good King Jamie The JPMorgan CEO is the star of Wall Street’s current morality play.
Times Gets In On Goldman Sachs Name-calling Game The paper of record will see Taibbi’s “great vampire squid wrapped around the face of humanity” and raise him an orc.
Hey, Everybody: Being a Banker Is Awesome Again Salaries are up, up, up! Even if profits are not.
Certain CEOs Have 30 Days to Convince People They Are Not Morons Which is going to be tough for some, who have spent the last year convincing people of precisely the opposite.
Most Banks Pass ‘Stress Tests’ Even accounting for the worst possible scenarios, most of the nineteen financial institutions analyzed by the government seem to be capitalized well enough to survive.
Meredith Whitney Is Not ‘That Great,’ Okay? “Before we douse her with more champagne, put her on TV with Charlie Rose and hand over the keys to the Treasury Department, it might be worth taking another look at what really happened.” Load More