Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 7, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Wall Street

Wall Street stories: 363 news summaries

1 - 20 of 363 Stories | 1 2 3 4 5 ... 19 Next >>

Switch to grid view »

14 Charged as Galleon Insider Trading Case Widens

Feds finger Rajaratnam associates, lawyer

Nov 5, 09 1:13 PM CST
(Newser) - Two former Galleon Group employees and a Ropes & Gray lawyer were among 14 people charged today in the expanding insider trading case surrounding the hedge fund founded by Raj Rajaratnam, who was busted last month. The traders and lawyers snuck around, communicating in code over throwaway cellphones, but had... More »

MORE ABOUT:
Wall Street • US attorney • FBI • insider trading • Raj Rajaratnam • Galleon Group • Preet Bharara

Wall Street Bonuses to Jump 40%

Expect political storm
as recovery juices incentive pay

Nov 5, 09 7:54 AM CST
(Newser) - The good times are back for much of Wall Street, with overall incentive pay set to jump 40% according to one key survey being released today. In businesses rebounding especially well, like fixed income and equities, the boost will likely be around 60%. That won’t quite bring them back... More »

MORE ABOUT:
Wall Street • executive compensation • bonuses • executive bonuses

  Geithner 
 to Bankers: 
 Crackdown 
 Is 'War' 



Treasury secretary tells Wall Street it must accept regulation

Oct 28, 09 7:30 AM CDT
(Newser) - Tim Geithner had tough words for Wall Street bankers yesterday, telling the financial industry's annual conference that they had no credibility to protest new regulation. The Treasury secretary said government had a responsibility to crack down on dangerous practices on the Street and design new laws allowing seizures of institutions... More »

MORE ABOUT:
Wall Street • US dollar • economic stimulus package • bank regulation • Treasury secretary • financial crisis • Timothy Geithner

Steven Pearlstein

New Pay Rules May Hurt Banks, but Protect Public

They'll discourage commercial banks from being investment banks

Oct 23, 09 8:33 AM CDT
(Newser) - Steven Pearlstein isn't exactly wowed by the new salary rules being proposed for Wall Street. "Don't get carried away. By themselves, these measures won't prevent future crises, nor will they likely do much to lower the prevailing pay levels on Wall Street or in corporate America." But, he... More »

MORE ABOUT:
Wall Street • executive compensation • Federal Reserve • banking industry • pay cut • Kenneth Feinberg

Don't Fight Reform, Obama Warns Wall St. at NYC Dinner

Still, president reminds finance industry, 'we're in this together'

Oct 20, 09 9:15 PM CDT
(Newser) - At a fundraising dinner tonight in New York attended by (among others) the sorts of financial types who could afford the $30,400-per-couple entry fee, President Obama wagged a finger at Wall Street. “I would ask that you join us in passing what are necessary reforms,” he said... More »

MORE ABOUT:
Wall Street • finance • financial crisis • fundraising • President Obama • dinner • financial reform

MARKETS

 Dow Falls 51 on Housing 

Coca-Cola, DuPont earnings disappoint

Oct 20, 09 3:19 PM CDT
(Newser) - Stocks fell today on disappointing earnings and a poor housing report. The market got off to a weak start when numbers on new-home construction were weaker than expected. Poor earnings reports from DuPont and Coca-Cola didn’t help, though Caterpillar, which posted a less severe profit drop than expected, boosted... More »

MORE ABOUT:
stock market • Wall Street • Dow Jones • Nasdaq • S&P 500

Wall Street
Cools to Dems Despite Bailout

Financial regulation tough talk hurting donations

Oct 20, 09 6:10 AM CDT
(Newser) - Some gratitude: Wall Street’s top firms will largely sit out Barack Obama’s lavish Democratic Party fundraiser in New York tonight, with Goldman Sachs, JPMorgan and Citigroup sending a scant half-dozen representatives or fewer. Some Democratic fundraisers and executives tell the New York Times that bailout banks are... More »

MORE ABOUT:
Barack Obama • Wall Street • fundraiser • banking industry • fundraising

 Obama Bigwigs 
 Take Aim at 
 Wall Street 


Says execs can't have their bailouts, and their bonuses, too

Oct 19, 09 12:18 PM CDT
(Newser) - Wall Street is getting ready to hand out some hefty bonuses, and the Obama administration is already crashing the party, with top aides loudly dressing down execs, framing them as would-be fat cats who only last year were on the public dole. "The bonuses are offensive," says David... More »

MORE ABOUT:
Wall Street • Rahm Emanuel • Valerie Jarrett • David Axelrod • financial crisis • Wall Street bailout • President Obama

Look Out, Wall Street:
Feds Using Wiretaps Now

Insider trading case against Galleon is first to use the tactic

Oct 17, 09 1:04 PM CDT
(Newser) - The bad boys of Wall Street better watch their mouths. Federal prosecutors used wiretaps to make their case against hedge fund giant Raj Rajaratnam this week, and they plan to use them again in similar investigations. Wiretaps may be common when going after the mafia, say, or terrorists, but their... More »

MORE ABOUT:
Wall Street • insider trading • hedge fund • wiretap • wiretapping • Raj Rajaratnam • Galleon Group

Once-Reserved Goldman Turns on the Charm

Ahead of record result, normally reticent bank puts on a smile

Oct 15, 09 3:35 AM CDT
(Newser) - Today's the day: Goldman Sachs is set to announce record profits in the third quarter, projected at $2.17 billion, and with it a compensation pool larger than Wall Street has ever seen. But the golden bank knows a PR disaster when it sees one—and has been mounting a... More »

MORE ABOUT:
Wall Street • executive compensation • Goldman Sachs • bonuses • third quarter earnings • Lloyd Blankfein • quarterly profits • executive bonuses

(AP) - Bruce Wasserstein, the CEO of Lazard Ltd. and one of Wall Street's most prominent dealmakers, is dead at 61. He had been hospitalized with an irregular heartbeat on Sunday. Wasserstein had been a fixture on Wall Street since the 1980s. He worked on such landmark deals as Kohlberg Kravis Roberts'... More »

MORE ABOUT:
media • Wall Street • investment bankers • Bruce Wasserstein

analysts' reactions

Dow at 10,000?
'Hold the Cheering'

It's decent news, but let's not get carried away

Oct 14, 09 1:58 PM CDT
(Newser) - The Dow hit 10,000 today, but most analysts aren't exactly falling off their chairs in excitement:
  • Mark Hulbert, MarketWatch: "It would be entirely in investors' rights to feel pretty good about it. But they're not, on the whole. That's surprising, and suggests to contrarian analysts" that
... More »

MORE ABOUT:
stock market • Wall Street • investors • Dow Jones • recession

 Dow Hits 10,000 
 for First Time in Year 

Markets propelled by strong earnings from Intel, JPMorgan

Oct 14, 09 12:31 PM CDT
(AP) - The Dow Jones industrial average reached 10,000 today for the first time since Oct. 7, 2008. The milestone, which triggered a whoop from the trading floor, was buoyed by surprisingly strong earnings reports from Intel and JPMorgan. The latter stoked the market's optimism as it handily beat Wall Street's... More »

MORE ABOUT:
stock market • Wall Street • NASDAQ • investors • Dow Jones • S&P 500

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

Oct 14, 09 9:02 AM CDT
(AP) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also... More »

MORE ABOUT:
stock market • Wall Street • earnings reports • corporate earnings • financial services • financial sector • JPMorgan Chase

 Wall Street 
 Forking Out 
 Record Pay 

Pay at top firms expected to hit $140B as markets rebound

Oct 14, 09 5:36 AM CDT
(Newser) - Major financial firms have bounced back from the brink of meltdown and are on course to hand out their biggest-ever pay packages this year. The total payout at the big banks and securities firms will hit $140 billion this year, according to Wall Street Journal projections based on revenue figures... More »

MORE ABOUT:
Wall Street • executive compensation • Goldman Sachs • bank • financial institutions • executive bonuses

Wall Street Cleverly Carves Up Bad Assets

So cleverly, in fact,
that regulators are getting worried

Oct 1, 09 7:31 AM CDT
(Newser) - Wall Street’s financial magicians have come up with a way to transform toxic assets into shiny new ones. In popular new deals called “re-remics,” a sour mortgage-backed security is split in two, one containing all the good mortgages, the other all the bad, the Wall Street ... More »

MORE ABOUT:
Wall Street • accounting • mortgage backed securities • ratings agencies • re-remic

(Newser) - Matt Taibbi, who portrayed Goldman Sachs as evil personified in a much-discussed Rolling Stone article over the summer, has the bank in his sights again. In his blog on True/Slant, Taibbi accuses Goldman of misleading and purposely confusing lawmakers about the practice known as naked short selling as new financial... More »

MORE ABOUT:
Wall Street • Goldman Sachs • Rolling Stone • short selling • banking industry • naked short selling • Matt Taibbi

ANALYSIS

Rise in Mergers 
Signals Fresh Confidence 

Chief execs becoming more bullish about recovery prospects

Sep 29, 09 3:00 AM CDT
(Newser) - Mergers and acquisitions activity is still way down from pre-financial crisis levels, but a recent flurry of big deals suggests America's chief executives are regaining confidence in their own businesses. Recent mergers have involved strategic buys by big companies instead of the debt-fueled private equity buys seen a couple of... More »

MORE ABOUT:
private equity • Wall Street • mergers and acquisitions • merger • US economy • Xerox • financial crisis • Affiliated Computer Services

Wall Street Doing Its Best to Buy Schumer

Hands NY Dem $1.65M as vote looms on new financial regulations

Sep 28, 09 10:07 AM CDT
(Newser) - With a vote looming on Barack Obama’s plan to revamp financial regulations, Wall Street has shoveled $10.6 million into Senate campaign chests this year. Most of that money, $7.7 million, has gone to Democrats, and more than 15% has gone to one man: Chuck Schumer. Schumer’s... More »

MORE ABOUT:
Wall Street • Charles Schumer • Richard Shelby • bank regulation • Kirsten Gillibrand • financial reform

Volcker: Obama Plan May Lead
to More Bailouts

Former Fed chief
faults strategy
of 'too big to fail'

Sep 24, 09 5:27 PM CDT
(AP) - A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "too big to fail" and could lead to future bailouts. Former Fed chief Paul Volcker told Congress that by designating some companies as critical to the broader financial system, the... More »

MORE ABOUT:
Wall Street • General Motors • Paul Volcker • AIG • bailout • bank regulation • Obama administration • Wall Street bailout

1 - 20 of 363 Stories | 1 2 3 4 5 ... 19 Next >>


from our news partners