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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: bankers

bankers stories: 16 news summaries
OPINION

Fed Shows Backbone, but
Obama Cowers Before Banks

Reining in pay is good politics, good economics: Krugman

Sep 21, 09 8:48 AM CDT
(Newser) - Just as the recession wanes and the financial system shows signs of the health, banks are returning to their worst habits, says Paul Krugman. Not only are paychecks soaring to pre-Lehman levels, but the financial sector is using its muscle to block "even the most minimal reforms." While... More »

MORE ABOUT:
Barack Obama • executive compensation • Federal Reserve • bonuses • bankers • Obama administration • financial crisis • executive bonuses

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 »

MORE ABOUT:
Wall Street • CIA • recruiting • bankers

 Woman Gets 8 Years for 
 Banker's Bondage Murder 

Sex game killing scandalized French financial world

Jun 19, 09 6:01 AM CDT
(Newser) - A woman who shot one of France's richest men in the head as he sat tied to a chair in a latex bodysuit has been found guilty of his murder, the Wall Street Journal reports. Cécile Brossard was sentenced to 8½ years for killing her lover, financier Edouard Stern,... More »

MORE ABOUT:
murder • sado-masochism • bankers • bondage • Cecile Brossard • Edouard Stern

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

OPINION

Life Tough for 'TARP Wives'

While media blitz stresses CEO hubby, spouse pinches those bailout pennies

Apr 21, 09 11:42 AM CDT
(Newser) - Things aren’t easy for still-relatively-rich Wall Street execs and their spouses. “I haven’t even looked at spring clothes,” writes an anonymous, self-proclaimed “TARP wife” in Portfolio. “God forbid someone catches me out in something new.” Her husband, like most CEOs, is “scared... More »

MORE ABOUT:
recession • wife • bankers • financial crisis • TARP

Brazil Prez Blames
'Blue-Eyed Whites' for Mess

Brazilian president doesn't know a 'single black banker'

Mar 27, 09 4:51 AM CDT
(Newser) - The world's black and indigenous people are paying the price for the blunders of "blue-eyed" bankers, Brazil's president declared yesterday. "This crisis was fostered and boosted by irrational behavior of some people who are white, blue-eyed," Lula da Silva said at a press conference in Brazil with... More »

MORE ABOUT:
race • Brazil • Luiz Inácio Lula da Silva • bankers • financial crisis • Howard Stern Grid

 Vandals Target Former 
 RBS Boss, Vow Further Action 

Goodwin target of public outrage over his pension

Mar 25, 09 1:10 PM CDT
(Newser) - After the Edinburgh home of the former boss of the Royal Bank of Scotland was vandalized last night, an unknown group is warning of further attacks on financial figures, the Scottish Daily Record reports. Sir Fred Goodwin has been the focus of controversy since he took early retirement—complete with... More »

MORE ABOUT:
pensions • Royal Bank of Scotland • vandalism • Britain • populism • bailout • bankers • Fred Goodwin • financial crisis • RBS

Paparazzi Switch Focus from Britney to Bankers

Public outrage spurs media to cover corporate excess

Mar 13, 09 1:59 AM CDT
(Newser) - Tabloids and TV shows best known for hounding Hollywood stars are turning their cameras to bankers and captains of industry, the New York Times reports. Paparazzi now track corporate jets and snoop on lavish parties held by execs at bailed-out banks, tapping into a deep vein of public anger at... More »

MORE ABOUT:
executive compensation • tabloids • paparazzi • media coverage • bankers • executives • Wall Street bailout

I'd Rather Say I'm in Porn: Shunned Wall Streeter

Financial types feel they're unfairly 'vilified' in crisis

Feb 3, 09 9:31 AM CST
(Newser) - Working on Wall Street used to have glamor to it—but now, saying you work at JPMorgan or Goldman Sachs immediately establishes you as “one of them,” the New York Times reports. Wall Streeters are facing a new pariah status, and many believe they’re taking an unfair... More »

MORE ABOUT:
Wall Street • Goldman Sachs • bank • anger • financial sector • financial institutions • bankers • JPMorgan Chase • society • financial crisis • blame

(Newser) - It's not been the best of years for the titans of Wall Street: a few federal bailouts, a housing collapse, and now a Ponzi scheme of mind-boggling proportions can do that. "Where did all that money go?" wonders the website wowOwow.com. And it has a partial answer: Straight... More »

MORE ABOUT:
CEO • James Cayne • Angelo Mozilo • Stanley O'Neal • John Thain • mansion • bankers • Daniel Mudd • Richard Fuld • Bernard Madoff

 Banker Bags 
 $1M Lotto 
 Salary for Life 

UK resident doesn't even have to pay US federal taxes on prize on ticket bought in NY

Oct 29, 08 4:05 PM CDT
(Newser) - John McCain can rest assured that New York’s “$1 million a year for life” is no spread-the-wealth scheme. The lottery’s first winner, a 33-year-old London banker, was already a multimillionaire. “Is it going to materially change my life? No,” Keenan Altunis admitted to the Post.... More »

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London • New York • lottery • prize • bankers • Keenan Altunis

GLOSSIES

Cabbies Among First to See Ripples of Wall Street's Pain

Crashing markets mean fewer fares, smaller tips

Oct 20, 08 2:13 PM CDT
(Newser) - New York cabbies will tell you that their jobs are indicative of overall health of the economy—so they’re getting hammered right now. New York looks at one driver’s experience with the bubble-and-bust of recent years, with the halcyon days of bankers tossing him $40 for a $2.... More »

MORE ABOUT:
New York City • taxi • economy • downturn • bankers • financial crisis

New 'Top-Dog' Careers
for Out-of-Work Bankers

I-banking may be dead, but opportunities are out there

Oct 9, 08 8:48 PM CDT
(Newser) - Now that the investment-banking party is over, what are all those hotshot bankers going to do? Bloomberg's Matthew Lynn takes a look at potential new "top-dog" careers:
  • African development. The pioneers who nurture African nations’ industry and infrastructure will be rewarded by the continent’s mineral resources and
... More »

MORE ABOUT:
Africa • investment bankers • career • bankers • financial crisis

NY Billionaire Guilty on Hooker Charges

Epstein starts jail term for hiring teen, who serves him with suit

Jun 30, 08 6:04 PM CDT
(Newser) - Manhattan banker and billionaire Jeffrey Epstein pleaded guilty in Florida today to hiring an underage prostitute, and began serving an 18-month sentence. A year of house arrest and a life on the national sex offender list will follow. "They will be tracking you for the rest of your life,... More »

MORE ABOUT:
prostitution • court • underage sex • sex crime • prostitute • bankers • sentence

Mortgage Biz Battles Fed Reforms

Rules would limit credit for worthy borrowers, bankers say

Apr 28, 08 7:05 AM CDT
(Newser) - As the Federal Reserve moves toward stricter lending rules, mortgage providers are firing back, calling the rules too broad and arguing that they could limit loans to borrowers who don't have credit problems, the New York Times reports. Regulation, bankers say, could raise the price of mortgages by increasing paperwork... More »

MORE ABOUT:
Federal Reserve • mortgage • lending practices • mortgage lender • subprime crisis • bankers

London Bankers Drown Sorrows at Easter

As Bank of England mulls a bailout, bankers of England swill pints

Mar 21, 08 10:34 AM CDT
(Newser) - As the Bank of England mulled injecting billions more into the nation's shaky financial system, bankers in the city of London swilled pints and reflected on their state of affairs, reports the Independent. "We are meant to be at work but we've come here for some solace," said... More »

MORE ABOUT:
London • Bank of England • bankers

16 Stories


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