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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: financial crisis

financial crisis stories: 1641 news summaries

41 - 60 of 1641 Stories | << Prev 1 2 3 4 5 6 7 ... 83 Next >>

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Feds Weigh New Bailouts
for Smaller Banks

Congressional Dems on board with plan to help institutions hammered by real estate

Sep 25, 09 6:40 PM CDT
(Newser) - With the residential and commercial real-estate markets continuing to hammer smaller US banks, the Treasury and other federal agencies are trying to diagram help for institutions considered too much of a gamble under original bailout terms. Congressional Democrats are “very, very supportive” of such a move, a source tells... More »

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real estate • House Financial Services Committee • housing bubble • bailout • Jeb Hensarling • financial crisis • small banks

 CityCenter: Las Vegas' 
 $8.5B Stimulus Bet 

Hotel-casino-condo-shopping behemoth brings 12K jobs, optimism to battered state

Sep 23, 09 6:54 PM CDT
(Newser) - A gigantic addition to the Las Vegas Strip is a one-stop stimulus package for a city and state walloped by the recession and an $8.5 billion bet that happy days are near again. With 12,000 jobs, the CityCenter project—a kaleidoscope of condominiums, boutique hotels, shopping, and, of... More »

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Las Vegas • debt • recession • casino • CityCenter • hotel • credit crisis • condominium • Las Vegas Strip • financial crisis

 In Hong Kong, 
 Palin Blames 
 Big Gov't 
 for Crisis 

Former Alaska governor tries to burnish foreign credentials

Sep 23, 09 6:20 AM CDT
(Newser) - The global financial crisis was the fault of governments, not corporations, Sarah Palin told investors today at a closed-door talk in Hong Kong. In her first speaking engagement outside North America, the former Alaska governor said that "we got into this mess because of government interference in the first... More »

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China • Hong Kong • Sarah Palin • deregulation • financial crisis • CLSA

 US, Europe Clash 
 on Banking Reforms 

G-20 agreement on capital requirements likely to remain elusive

Sep 23, 09 4:16 AM CDT
(Newser) - The US and Europe are moving further apart on plans for post-financial crisis banking reform ahead of this week's G-20 summit, the Wall Street Journal reports. Both sides agree that banks should be required to keep more capital on hand to cushion them from crises, even at the cost of... More »

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capital • banking • financial institutions • G20 • bank regulation • financial crisis • Timothy Geithner

Chase, Bank of America Tweak Overdraft Policies

Will eliminate fees on small overdrafts, cut number of times customers can be hit daily

Sep 22, 09 7:44 PM CDT
(Newser) - After squawking by legislators, JPMorgan Chase and Bank of America are changing how they charge overdraft fees, the Wall Street Journal reports. BofA now won’t charge customers if they overdraw their accounts by under $10 in one day; at Chase, it’s $5 or less. Both are also reducing... More »

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Bank of America • JPMorgan Chase • financial crisis • overdraft fee

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 »

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

 Cost-Cutting Companies 
 Target No. 2  Execs 

Corporations eliminate second-in-command roles to save on costs

Sep 21, 09 8:27 AM CDT
(Newser) - Cost-cutting at American's largest corporations is hitting the executive suite, with CEOs rolling up their sleeves to take on more day-to-day responsibilities and laying off their No. 2s. In the 18 months leading up to June 2009, 40 major companies eliminated COOs or presidents, the Wall Street Journal notes, while... More »

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AOL • executive compensation • CEO • recession • corporations • corporate governance • Chief Executive • management • COO • financial crisis

 Congress, BofA 
 Clash Over Merrill Secrets 

Bank insists merger talk protected, Towns issues spill deadline

Sep 21, 09 5:40 AM CDT
(Newser) - Bank of America claims it doesn't have to produce details about its decision to merge with Merrill Lynch because the conversations are protected by attorney-client privilege. But the chairman of the House Oversight and Government Reform Committee begs to differ, reports the New York Times. The showdown peaked last week... More »

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Bank of America • merger • Merrill Lynch • bailout • House Committee on Oversight and Government Reform • financial crisis • Edolphus Towns

Merrill's Thain Rues Picking Pricey Office Decor Over Ikea

Former Merrill Lynch CEO denies accelerating bonuses

Sep 18, 09 12:21 PM CDT
(Newser) - Merrill Lynch's former CEO issued an apology of sorts for spending $1.2 million—including $35,000 for a commode—to redecorate his office as the firm bottomed out, Bloomberg reports. “We decorated it in the style that Merrill Lynch offices were, which was very, very nice,” John... More »

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Bank of America • merger • Merrill Lynch • Ikea • bonuses • John Thain • furniture • financial crisis • Ken Lewis

New Recession Villain:
Warren Buffett's Cell Phone

Oracle of Omaha missed message that may have saved Lehman Brothers

Sep 18, 09 8:24 AM CDT
(Newser) - If Warren Buffett knew how to use his cell phone, the financial world might be in better shape, blogs Karen Tumulty of Time. Just before Lehman Brothers collapsed last year, a Barclays executive attempting to rescue the firm with an assist from Buffett left a message on the Oracle of... More »

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technology • cell phones • Barclays • Warren Buffett • mergers and acquisitions • recession • Lehman Brothers • financial crisis

GLOSSIES

8 Days That Shook the Financial World

James Stewart on the week that Lehman failed, and meltdown loomed

Sep 16, 09 9:35 PM CDT
(Newser) - James Stewart’s reconstruction of the 8 nail-biting days, a year ago, in which the federal government stepped in to stop the collapse of the world financial system—published in the New Yorker this week, just as Fed chief Ben Bernanke was declaring the recession officially over—makes riveting, tense... More »

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Ben Bernanke • New Yorker magazine • Goldman Sachs • Henry Paulson • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • AIG • financial crisis • Timothy Geithner • James Stewart

Euro Farmers Protest Falling Prices With Huge Milk Dump

800,000 gallons in Belgian field after recession takes big toll

Sep 16, 09 6:41 PM CDT
(Newser) - European farmers today dumped 800,000 gallons of milk in a Belgian field, AFP reports, in a protest against a dramatic dive in prices. The group behind the scene says three French farmers committed suicide in the past week over prices, which have fallen by as much as half as... More »

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Belgium • milk • Europe • waste • recession • European Commission • farmers • commodity prices • financial crisis • milk prices

(Newser) - President Obama visited Wall Street’s historic Federal Hall today, on the anniversary of Lehman Brothers' collapse, to make the case for the financial regulatory reforms wending their way through Congress. He spoke of the need for “strong rules of the road” for the financial system. “History cannot... More »

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Barack Obama • Wall Street • Lehman Brothers • regulation • bank regulation • Obama administration • financial crisis • President Obama

 Obama Turns to 
 Wall Street Reform 

NY visit will push for "fundamental change" to financial rulebook

Sep 14, 09 6:52 AM CDT
(Newser) - As Washington wrangles over what shape health reform might take, President Obama heads to Wall Street today to remind it that financial reform is far from being forgotten, reports the Washington Post. On the one-year anniversary of Lehman Brothers' implosion, the president will push financial overhaul as urgent in order... More »

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Barack Obama • Wall Street • financial crisis • Timothy Geithner • financial reform

Mack Steps Down as Morgan Stanley CEO

Ends tumultuous 4 years, including bank's near collapse

Sep 11, 09 5:52 AM CDT
(Newser) - John Mack is stepping down after 4 years as CEO of Morgan Stanley, the bank that nearly succumbed at the height of the financial crisis. Morgan Stanley has seen its reputation suffer in recent years after ill-advised moves into real-estate-backed assets that cost the bank billions, raising questions about Mack's... More »

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CEO • Morgan Stanley • John Mack • investment banks • financial crisis • James Gorman

 Geithner Warns of 
 Long, Hard Road Ahead 

Administration a long way from saying 'mission accomplished' on financial crisis 

Sep 11, 09 5:43 AM CDT
(Newser) - The economy is no longer on the brink of the abyss but there's a long way to go before recovery takes hold, Tim Geithner warned yesterday. The Treasury secretary told a congressional committee that while the financial system is showing signs of better health, regulation of the financial system needs... More »

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recession • US economy • House Committee on Oversight and Government Reform • Treasury secretary • financial crisis • Wall Street bailout • TARP

Credit Cards
Cut Deadbeats More Slack

With unemployment rising, companies modify, reduce debt

Sep 10, 09 9:15 AM CDT
(Newser) - With unemployment nearing 10%, credit card companies are doing something once unheard of: forgiving debt, or modifying it in the customer’s favor, the Washington Post reports. Companies are loathe to discuss the practice, lest it inspire more delinquencies, but according to one industry report, roughly 3 million people... More »

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unemployment • credit card • interest rate • consumer debt • financial crisis • loan modification

INTERVIEW

Greenspan: 'Crisis Will Happen Again'

Former Fed chairman denies responsibility, blames human nature

Sep 9, 09 5:26 AM CDT
(Newser) - Another financial crisis is inevitable "unless somebody can find a way to change human nature," says Alan Greenspan in an interview with the BBC. The former Fed chairman—who has faced stinging criticism for his own role in precipitating the 2008-09 global recession—denied any responsibility for the... More »

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Federal Reserve • Alan Greenspan • risky trading • bank regulation • financial crisis

Banks Get Back to
Risky Business as Usual

Plans to overhaul regulation losing momentum as banks return to health

Sep 9, 09 1:49 AM CDT
(Newser) - Banks that teetered on the edge of extinction last year are returning to their old ways as the shock of the financial crisis fades, the Wall Street Journal reports. The banks are handing out hefty compensation packages again and dealing in the same risky financial instruments that caused last year's... More »

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Goldman Sachs • Morgan Stanley • bank • Lehman Brothers • regulation • financial sector • collateralized debt obligations • financial crisis

OPINION

Obama Should Have Put Wall Street on Trial

But he didn't, and now GOP fat cats can somehow play populist

Sep 8, 09 8:22 AM CDT
(Newser) - How can rich fat cats like Glenn Beck and Rush Limbaugh pretend to be populists, while tarring Barack Obama as the establishment? Because Barack Obama missed his chance to strike a blow for the little guy and prosecute Wall Street, writes communications professor Jon Taplin. Instead, he listened to Wall... More »

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Barack Obama • Wall Street • Rush Limbaugh • Glenn Beck • populism • Larry Summers • financial crisis • Timothy Geithner • executive bonuses

41 - 60 of 1641 Stories | << Prev 1 2 3 4 5 6 7 ... 83 Next >>


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