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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Wall Street

Wall Street stories: 371 news summaries

41 - 60 of 371 Stories | << Prev 1 2 3 4 5 6 7 ... 19 Next >>

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ANALYSIS

 Paulson Still Dogged 
 by Ethics Queries 

Ex-Goldman exec coddled firm as Treasury sec, critics say

Aug 9, 09 11:28 AM CDT
(Newser) - As a former Goldman Sachs exec, Henry Paulson vowed to avoid any potential conflicts of interest when he was appointed President Bush’s Treasury secretary. But seven months after he left office, the nagging questions surrounding Paulson’s tumultuous term in office suggest he may not have succeeded, Gretchen Morgenson... More »

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ethics • Wall Street • Goldman Sachs • Henry Paulson • AIG • Treasury Department • Lloyd Blankfein • bailout • conflict of interest • Wall Street bailout

Trading Rules Help Wall Street Pick Fed's Pocket

Transparency concerns let banks pick Bernanke's pocket

Aug 3, 09 4:27 AM CDT
(Newser) - Banks across Wall Street have made hefty profits trading with the Federal Reserve—often their only customer as the financial crisis ground trading to a halt—and government officials and finance execs are now asking whether Ben Bernanke is making tough enough deals. The central bank, unlike individual or corporate... More »

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Ben Bernanke • Wall Street • Federal Reserve • Barney Frank • BlackRock • commodity prices • financial crisis

(AP) - Bowing to populist anger, the House voted today to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire US economy. Passage of the bill on a 237-185 vote followed the disclosure a day earlier that nine of the... More »

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Congress • Wall Street • bailout • executive bonuses

(Newser) - Traders using high-speed computers are making billions of dollars and leaving the rest of the stock market in the dust, the New York Times reports. "High-frequency" traders, who use algorithms to make millions of trades in microseconds, have helped big banks and hedge funds bounce back quickly, but critics... More »

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stock market • Wall Street • New York Stock Exchange • Goldman Sachs • trading • algorithms • high-frequency trading

(Newser) - Confidence is key to the banking game, but an overabundance of it seems to have made the industry’s titans so delusional they blundered into the financial crisis, Malcolm Gladwell writes in the New Yorker. “The roots of Wall Street’s crisis were not structural or cognitive so much... More »

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Wall Street • Bear Stearns • Malcolm Gladwell • psychology • financial crisis • Jimmy Cayne • overconfidence

OPINION

 Goldman's Gains Are America's Losses 

Record earnings show Wall Street behavior hasn't changed

Jul 17, 09 10:01 AM CDT
(Newser) - Goldman Sachs’ record profits are good for the firm and “bad for America,” writes an irate Paul Krugman in the New York Times. With unemployment soaring, we’re seeing that “Wall Street’s bad habits” haven’t changed, and the government has actually made another crisis more... More »

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Wall Street • Goldman Sachs • banking industry • financial crisis • economic crisis

EARNINGS REPORT

JPMorgan Profit Jumps 36%, Defying Expectations


Jul 16, 09 7:00 AM CDT
(Newser) - JPMorgan Chase, the largest bank to repay TARP money, posted second-quarter earnings of $2.7 billion—smashing analysts' predictions with a 36% increase in profit. The bank became America's second-largest after hoovering up Bear Stearns and Washington Mutual, and like Goldman Sachs it has used a boom in investment banking... More »

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Wall Street • profits • earnings reports • second quarter earnings • quarterly profits • investment banks • JPMorgan Chase • TARP

OPINION

Be Very Afraid: Goldman Sachs Is Smiling

High-risk model hasn't changed, could lead to new crisis, says Reich

Jul 15, 09 7:41 AM CDT
(Newser) - Goldman Sachs is back in the black, with trading and stock underwriting revenues at an all-time high—and that should scare you, former Clinton cabinet member Robert Reich writes in Salon. While Goldman's earnings may signal that the current crisis is abating, the bank hasn't modified high-risk strategies that forced... More »

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Wall Street • Goldman Sachs • Robert Reich • FDIC • bailout • risky trading • investment banks • banks • financial crisis • TARP

(Newser) - Goldman Sachs is expected to announce stunning profits for the second quarter tomorrow, inspiring jealousy on Wall Street and suspicion on Main Street, as taxpayers wonder whether they've been taken for a ride, reports the New York Times. The bank repaid its multibillion dollar government loan last month, and could... More »

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Wall Street • Goldman Sachs • profits • American Stock Exchange • quarterly profits • economy • Wall Street bailout

Wall Street
Aims to Give Itself a Facelift

Trade group mounts effort to counter 'populist overreaction'

Jun 25, 09 2:02 PM CDT
(Newser) - Wall Street’s top trade group is fighting to fix its image amid what it calls a “populist overreaction” to the financial crisis, Bloomberg reports. Top aides to former Treasury secretary Henry Paulson are leading the “city-by-city, grassroots” campaign focused on politicians and the media. The securities industry... More »

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Wall Street • image • financial sector • financial institutions • financial crisis

Fed Keeps
Interest Rates
at Record Low

Economy picking up, but not enough that inflation is a worry

Jun 24, 09 2:04 PM CDT
(AP) - The Federal Reserve says the recession is easing, but that the economy likely will remain weak and keep a lid on inflation. Against this backdrop, the Fed held a key bank lending rate at a record low of between 0% and 0.25%, and pledged again to keep it there... More »

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Wall Street • Federal Reserve • recession • interest rate • economy • financial crisis

 Goldman Readies 
 Record Bonuses 

Recession doesn't curb bank's bounty

Jun 22, 09 8:07 AM CDT
(Newser) - A wildly successful first half is pointing to the best year ever for Goldman Sachs, and that means record staff bonuses in the midst of the recession, the Guardian reports. Revenues have soared at the bank, which now has little competition; it promised in April that half of its nearly... More »

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Wall Street • Goldman Sachs • recession • bank • bonuses • investment banks

CIA Recruits Laid-Off
Bankers

Agency ads urge them to seek higher calling than finance

Jun 19, 09 9:49 AM CDT
(Newser) - Down-and-out investment bankers have a new career option: spy. The CIA is actively courting New York’s former financial class, Reuters reports. It’s been advertising in New York and will be holding interviews at a secret location next week. “Finance and business professionals, if the quest for the... More »

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Wall Street • CIA • recruiting • bankers

OPINION

On Financial Reforms, Obama Is No FDR

Proposed regulatory fixes don't actually fix much: Nocera

Jun 18, 09 12:02 PM CDT
(Newser) - President Obama is hardly living up to the hype on fiscal regulatory reform, and he's not matching Franklin Roosevelt, either. When FDR reformed financial regulation, he transformed the industry, cheerfully making enemies in the process. Obama has been timid by comparison, writes Joe Nocera of the New York Times:... More »

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Barack Obama • Wall Street • reform • regulation • Franklin D. Roosevelt • financial sector • bank regulation • Obama administration • banking industry

Moore's New Movie Targets Wall St. 'Bloodsuckers'

After Bush, GM, and guns, filmmakers sets sights on 'robber barons' behind crisis

Jun 11, 09 3:30 AM CDT
(Newser) - Michael Moore promises to tear chunks out of the people behind the Wall Street meltdown in his new movie, USA Today reports. The documentary filmmaker, who calls the financial crisis "the biggest robbery in the history of this country," is targeting the corporations and politicians responsible. He... More »

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Wall Street • Michael Moore • documentary • documentary film • financial crisis

MARKET Open

 Stocks Jump on Job Report 


Jun 5, 09 8:46 AM CDT
(Newser) - Stocks jumped out of the gate this morning after a better-than-expected job report. The Dow rose 76 points, while the S&P and Nasdaq added 0.9% and 0.8%, respectively. The US lost 345,000 jobs in May, a far cry from the 525,000 economists had predicted. Citigroup... More »

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stock market • Wall Street

 CIA Wants You, I-Banker 


May 28, 09 3:50 PM CDT
(Newser) - The CIA is looking for a few good bankers to track down millionaire bad guys and stymie financial terrorism, the New York Post reports. Ads on Bloomberg Radio ask money whizzes to use their “intelligence for the work of a nation.” The $160,000 salary will probably be... More »

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Wall Street • CIA • recruitment • hedge fund • investment bankers • financial sector • terrorism financing • professional

 Liddy to Leave AIG 


May 21, 09 4:28 PM CDT
(Newser) - AIG chief Edward Liddy is stepping down after eight months on the job, the Wall Street Journal reports. The government appointed Liddy chairman and CEO last fall after the feds bailed out the insurance giant. Liddy recommended splitting the job into two roles and will remain until his replacements are... More »

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Wall Street • CEO • AIG • insurance industry • Edward Liddy

Businessmen Strip Off the Power Suit

As bankers fall out
of fashion, so do
their stodgy duds

May 14, 09 8:48 AM CDT
(Newser) - To the list of casualties of the economic crisis, add the three-button power suit. And don't cry for the fashion industry—men are investing in replacements for their cookie-cutter wool security blankets, making men's clothing priced over $100 one of the few bright spots in the bleak retail landscape, reports... More »

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Wall Street • fashion • recession • fashion tips • Zac Efron • style • men's magazines • Jay-ZTV • gingham • GQ magazine

(Newser) - President Obama wants to put the so-called dark markets under control, the New York Times reports, seeking congressional approval to regulate the byzantine world of derivatives trading—which played a large role in the current financial mess. In a letter to lawmakers, Treasury chief Timothy Geithner calls for an oversight... More »

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investing • Wall Street • Warren Buffett • derivatives market • AIG • regulation • Commodity Futures Trading Commission • Obama administration • financial crisis • credit default swap • President Obama • Timothy Geithner • Securities and Exchange Commission

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