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NEWS ABOUT: bankers

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Paparazzi Switch Focus from Britney to Bankers

Public outrage spurs media to cover corporate excess

(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 »

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

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

(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 »

Check Out Mansions of Bigwig Bankers

(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 »

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

(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 »

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

Crashing markets mean fewer fares, smaller tips

(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 »

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

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

(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 huge
... More »

NY Billionaire Guilty on Hooker Charges

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

(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 »

Mortgage Biz Battles Fed Reforms

Rules would limit credit for worthy borrowers, bankers say

(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 »

London Bankers Drown Sorrows at Easter

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

(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 »

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