Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Wall Street

Wall Street stories: 371 news summaries

61 - 80 of 371 Stories | << Prev 1 2 3 4 5 6 7 8 ... 19 Next >>

Switch to grid view »

OPINION

 Time to Stress Out 
 About Stress Tests 

Washington is leading us to a second crisis: Krugman

May 8, 09 7:22 AM CDT
(Newser) - Sure, yesterday's release of the stress tests' results felt pretty anti-climatic. But while bankers might be reassured, Americans have no reason to be, writes Paul Krugman. For the New York Times columnist, the less-than-rigorous stress tests are part and parcel of an Obama administration strategy to "muddle through the... More »

MORE ABOUT:
Barack Obama • Wall Street • recession • bank failure • Obama administration • recapitalization • Timothy Geithner • stress tests

 Brokers Bail on Wall Street 

Commissions shrinking as investors turn away from stocks

May 6, 09 2:46 AM CDT
(Newser) - A rising number of stock brokers are abandoning the industry as markets fall and commissions dry up, the Wall Street Journal reports. More brokers have already departed this year than in any of the last 15 years, and experts expect the exodus to continue as investors shift assets out of... More »

MORE ABOUT:
stock market • Wall Street • financial services • financial sector • trader • brokers • financial crisis • fiscal crisis

(Newser) - Will Gordon Gecko have a change of heart? The fictional Wall Streeter who famously declared that "greed is good" in 1987 is returning to the big screen, Access Hollywood and Variety report. Michael Douglas and director Oliver Stone have signed on for the Wall Street sequel, which will catch... More »

MORE ABOUT:
Wall Street • Hollywood • Oliver Stone • movies • Michael Douglas

(Newser) - While millions of Americans struggle on reduced paychecks or unemployment, Wall Street is returning to the high salaries of yesteryear, the New York Times reports. Enjoying strong first-quarter profits, six of the most powerful banks have reserved $36 billion to pay workers—suggesting that paychecks and bonuses have recovered for... More »

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

(Newser) - During the Great Depression, legend has it a group of Wall Street bankers went to Hollywood to see if it was worth investing in, only to be immediately repulsed by the brazen displays of wealth they saw there. Now that it's the bankers being pilloried for their excesses, writes Neal... More »

MORE ABOUT:
Wall Street • Hollywood • financial sector • Great Depression • bank regulation • deregulation • banking industry • financial crisis

Bankers Leave Street in Rear View; Head for Academia 

Execs take teaching jobs amid crisis

Apr 21, 09 1:19 PM CDT
(Newser) - With the financial tornado buffeting Wall Street, some of its leading figures are ditching their careers for work in academia, Time reports. Merrill Lynch’s former president is teaching at Yale; Citigroup’s former merger boss headed to Berkeley; a onetime Goldman Sachs exec is now at Harvard. “It’... More »

MORE ABOUT:
Wall Street • Goldman Sachs • Merrill Lynch • UC Berkeley • college • university • academia • Harvard • Princeton • Yale • bankers • banks • financial crisis

ANALYSIS

 In Jarrett, 
 Wall St. Finds 
 Direct Line  
 to Obama 

Firms salute efforts of White House 'consigliere'

Apr 16, 09 10:55 AM CDT
(Newser) - Valerie Jarrett wears many hats in the White House: “If there’s a consigliere, it’s Valerie,” says the head of President Obama’s transition team. Lately, however, the longtime family friend has chiefly been Obama’s ambassador to big business, Bloomberg reports. She “picks the brains”... More »

MORE ABOUT:
Wall Street • White House • business • adviser • ambassador • Valerie Jarrett • big business • Obama administration • President Obama

 Brain Drain Wallops Wall Street 

It's not just the firings: others are leaving for safer jobs

Apr 12, 09 3:16 PM CDT
(Newser) - The financial crisis is reshaping not just the landscape of Wall Street, but its face as well, reports the New York Times in a look at the hemorrhaging of the Street's top talent. Layoffs aside, finance's best and brightest—arguably the same daring risk-takers responsible for the recession—are seizing... More »

MORE ABOUT:
Wall Street • Citigroup • Bank of America • Goldman Sachs • Morgan Stanley • Merrill Lynch • banking • banking industry • financial crisis


 In Recession, 
 Teaching, Service 
 Hot Jobs for Grads 

Recession will effect talent flow for years to come

Apr 12, 09 5:51 AM CDT
(Newser) - The dream of pulling in big bucks just out of college at a prestigious Wall Street job is fading in the face of the recession, and early signs point to public service, government, science, and education as today's emerging hot industries, reports the New York Times. The economy, combined with... More »

MORE ABOUT:
Barack Obama • Wall Street • recession • teaching • economy • career

OPINION

 All Those Years 
 We Were Racing 
 to Nowhere 
 

Investors Wasted 12 Years

Apr 9, 09 11:00 AM CDT
(Newser) - For years, denizens of Wall Street have been living a frantic existence, sleeping, eating and otherwise living at the office, “because whatever it is that had to happen had to happen immediately, or yesterday,” writes Elizabeth Wurtzel in the Wall Street Journal. And what did this feverish... More »

MORE ABOUT:
Wall Street • mergers and acquisitions • corporate culture • corporate law firms • law firm • financial crisis

$5.2M Wall St. Ties Haunt President's Economic Czar

Is Summers too close to hedge fund pals?

Apr 6, 09 1:27 AM CDT
(Newser) - President Obama's chief economic adviser worked as a consultant only one day a week for the DE Shaw & Company hedge fund in New York, which paid him an eye-popping $5.2 million in just two years. Larry Summers was a prized "marquee" consultant who met with clients regularly,... More »

MORE ABOUT:
Wall Street • Harvard • Larry Summers • Obama administration • President Obama • DE Shaw & Co.

Summers Reaped Millions
From Bailout Recipients

Earned $2.7M in speakers fees last year

Apr 4, 09 7:25 AM CDT
(Newser) - Lawrence Summers, President Obama's top economic adviser, received hefty speaking fees last year from Wall Street giants that later got bailout cash, Bloomberg reports. Summers received a total of $2.7 million from firms like Goldman Sachs and Citigroup on top of the $5.2 million salary he got from... More »

MORE ABOUT:
Wall Street • hedge fund • speech • financial disclosure • Lawrence Summers • National Economic Council

(Newser) - Some AIG executives in Europe think the demands that they return their bonuses are tantamount to "blackmail," Reuters reports. In fact, a compliance officer for Banque AIG unit in London asked UK authorities to determine whether the demands for repayment constitute extortion. He encouraged others in an email... More »

MORE ABOUT:
Wall Street • London • AIG • executive bonuses

Hedge Fund Managers Profit in Bear Market

Top 25 took home
total of $11.6 billion
in pay last year

Mar 25, 09 7:06 AM CDT
(Newser) - Hedge funds lost an average of 18% last year, but as markets fell to earth, the top 25 hedge fund managers each earned more than $75 million in pay, reports the New York Times. The most successful, James Simons of Renaissance Technologies, pulled in $2.5 billion, while George Soros... More »

MORE ABOUT:
Wall Street • executive compensation • bonuses • regulation • hedge funds • financial crisis • Timothy Geithner

(Newser) - New York Attorney General Andrew Cuomo said today that most of the top bonus recipients at AIG have agreed to return the money, amounting to more than $50 million, the Wall Street Journal reports. Fifteen of the top 20 beneficiaries of $165 million at AIG's Financial Products unit—which played... More »

MORE ABOUT:
Wall Street • Andrew Cuomo • AIG • executive bonuses

OPINION

Time to Forget AIG and Nab Offshore Cash

We're fretting about millions in bonuses, while firms hide billions

Mar 23, 09 11:40 AM CDT
(Newser) - Everyone’s aflutter about the AIG bonuses—but there’s a much more lucrative way to take Wall Street to task than obsessing over $165 million, writes Joe Conason in Salon. The government should instead focus on the billions that financial firms are putting in offshore tax havens. Corporate tax... More »

MORE ABOUT:
Wall Street • tax evasion • bank • AIG • corporate America • tax haven

OPINION

 Hey, Barack: 
 Get Tough 
 Like Michelle 

Prez, Geithner must quit 'coddling' Wall Street: Dowd

Mar 22, 09 11:04 AM CDT
(Newser) - Michelle Obama said her husband would be pulling garden weeds whether he “liked it or not”—and the president could take a page from her book, writes Maureen Dowd in the New York Times. Obama and the Treasury secretary “have been coddling the Wall Street elite,”... More »

MORE ABOUT:
Wall Street • Michelle Obama • Maureen Dowd • AIG • Obama administration • President Obama • Timothy Geithner

(Newser) - The White House will roll out a plan next week to oversee executive pay and more deeply regulate Wall Street, the New York Times reports. Officials are still debating the details, but under the proposal, the Fed will supervise compensation at financial firms, banks, and other companies—even ones that... More »

MORE ABOUT:
Barack Obama • Wall Street • executive privilege • derivatives market • hedge fund • executive bonuses



 Cuomo Could 
 Capitalize on 
 Wall St. Crisis 

Will he reveal AIG names?

Mar 21, 09 2:33 PM CDT
(Newser) - Andrew Cuomo’s political career has hit a crossroads, the New York Times reports. The New York attorney general has found his moment, slinging subpoenas at Wall Street like a populist avenger. He’s forced concessions from the rating agencies and student loan lenders, and pried the names of... More »

MORE ABOUT:
Wall Street • New York • Andrew Cuomo • AIG • New York Attorney General

(Newser) - NBC CEO Jeff Zucker said today that Jon Stewart’s Daily Show attacks are “incredibly unfair to CNBC and the business media,” Broadcasting & Cable reports. “CNBC is a spectacular organization and in particular Jim Cramer,” Zucker continued. “What is going on now is absurd.... More »

MORE ABOUT:
Wall Street • NBC Universal • Jeff Zucker • CNBC • Jon Stewart • The Daily Show • Jim Cramer • economic downturn

61 - 80 of 371 Stories | << Prev 1 2 3 4 5 6 7 8 ... 19 Next >>


from our news partners