|
|||||
|
Bankers Win Big in Toxic Pay Plan – WSJ.com Credit Suisse Group’s novel plan to pay bankers with a brew of its own toxic bonds and corporate loans has gotten off to an unexpectedly strong start, which could put further political pressure on other Wall Street firms to change how they pay their employees. Late [...] David Weidner’s Writing on the Wall: Bill Clinton’s legacy is our financial disaster – MarketWatch … the biggest mistake of the Clinton years regarding Wall Street and the one that rings loudest today was the repeal of Glass-Steagall, a 1933 law that effectively split investment banking and brokerages from commercial banks. In the years leading [...] Okay; I can honestly say that I didn’t see this happening. I figured that Citigroup, like Bank of America and JP Morgan Chase, would both be strong enough to weather almost anything the economy could throw at them, but their recent stock movements are highly precipitous. Citi Weighs Its Options, Including Firm’s Sale – WSJ.com [...] From this morning’s Wall Street Journal: ‘No’ Votes Came From All Directions The fatal “no” votes to the financial rescue package came from a strange-bedfellows coalition of lawmakers, from the most conservative to the most liberal members of the House, with a large number of representatives from low-income districts angry that Wall Street seems to [...] This is an interesting twist. Obviously, it means that Morgan Stanley will be subject to more stringent regulation, but I wonder what it fundamentally means for the business model. This will be really interesting to following over the next days/weeks/months. Goldman Sachs, Morgan Stanley To Be Bank Holding Companies – WSJ.com The Federal Reserve said [...] Crisis on Wall Street as Lehman Totters, Merrill Is Sold, AIG Seeks to Raise Cash – WSJ.com Fed Will Expand Its Lending Arsenal in a Bid to Calm Markets; Moves Cap a Momentous Weekend for American Finance NEW YORK — The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. [...] Goldman, Morgan Grasp at Bitter Prize September 15, 2008; Page C1 Goldman Sachs Group and Morgan Stanley look like survivors in Wall Street’s purging of stand-alone investment banks. But the prize will be bitter. The investment banks report results this week for their fiscal third quarter, which ended in August. Analysts expect a profit from [...] Rescue Me: A Fed Bailout Crosses a Line WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have [...] |
|
||||
|
Copyright © 2012 flahute - All Rights Reserved
61 queries. 1.001 seconds. |
|||||
