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: financial crisis

financial crisis stories: 1641 news summaries

61 - 80 of 1641 Stories | << Prev 1 2 3 4 5 6 7 8 ... 83 Next >>

Switch to grid view »

Fuld: 'I Was Whipping Boy'
for Lehman Failure

Lehman's last CEO steels himself for anniversary of firm's collapse

Sep 8, 09 1:58 AM CDT
(Newser) - Former Lehman CEO Richard Fuld is ready to get dumped on again as the anniversary of the company's collapse nears, he told a Reuters reporter. Fuld was widely blamed for leading Lehman into the biggest bankruptcy in US history, although former execs are still bitter that rivals Bear Stearns, Merrill... More »

MORE ABOUT:
CEO • Lehman Brothers • Richard Fuld • financial crisis

Bankrupt Lehman Stock Booms in Long-Shot Trading

Bankrupt company jumps sixfold in 'lottery ticket' deals

Sep 7, 09 7:36 AM CDT
(Newser) - Here's a stock tip for you: Lehman Brothers. No, really—the busted financial giant, which had been trading at less than 5 cents a share, peaked at 32 cents last week, with volume hitting 100 million shares in late August after sitting at virtually zero most of the year. The... More »

MORE ABOUT:
bankruptcy • stock • Lehman Brothers • investment banks • financial crisis

OPINION

Krugman: How Economists Blew It

Downturn blindsided big brains who thought markets were perfect

Sep 4, 09 11:42 AM CDT
(Newser) - Believe it or not, economists were, until about a year ago, congratulating themselves on a job well done. Now the dismal science is in shock, and Paul Krugman thinks he knows why. Economists, he writes in the New York Times Magazine, “mistook beauty, clad in impressive-looking mathematics, for... More »

MORE ABOUT:
economics • recession • Paul Krugman • financial crisis • John Maynard Keynes • economists

 Redskins Sue 
 Cash-Strapped 
 Fans, Win Millions 

Team has sued 125 fans, made $2 million

Sep 3, 09 10:32 AM CDT
(Newser) - Over the last 5 years, the Washington Redskins have won $2 million in judgments after suing 125 season ticket holders who wanted out of their multiyear contracts, the Washington Post reports. Many say they’re loyal fans who simply fell on hard times, but the Redskins insist that lawsuits are... More »

MORE ABOUT:
sports • NFL • Washington Redskins • football • lawsuit • default • tickets • financial crisis • sports fans • National Football League • pro football

 Oldsters Refusing 
 to Step Aside to 
 Free Up Jobs 

Reliance on volatile 401(k)s breeds reluctance to retire

Sep 3, 09 9:28 AM CDT
(Newser) - Their retirement savings devastated by the financial crisis, older workers are increasingly postponing retirement, the New York Times reports, creating even more competition for scarce jobs. A recent survey found that four in 10 workers over 62 have remained at their jobs longer than they planned thanks to the recession.... More »

MORE ABOUT:
pensions • Europe • retirement • recession • savings • 401k • financial crisis • 401(k) plans

What Bailout? AIG CEO Prefers Making Wine

Under fire for blunt talk, Benmosche pursues real passion: grapes

Sep 3, 09 9:25 AM CDT
(Newser) - New AIG chief Robert Benmosche has garnered reams of bad coverage since taking over the train-wreck insurer—and nearly a month into the job, he's still at his holiday villa in Croatia. Reuters visited Benmosche at his coastal idyll and finds his true passion to be not finance but the... More »

MORE ABOUT:
Croatia • Andrew Cuomo • AIG • bailout • financial crisis • Robert Benmosche

Bank of America Ready to Repay $20B in Bailout Cash

But bank haggles with Treasury, Fed over fee for loss-sharing deal

Sep 1, 09 7:59 AM CDT
(Newser) - Bank of America may become the latest institution to pay back a portion of its bailout money, with an eye toward escaping Washington's scrutiny of its pay packages. BofA isn't ready to pay back $45 billion in first-round TARP funds, the Wall Street Journal reports, but wants to start with... More »

MORE ABOUT:
Bank of America • Federal Reserve • Treasury Department • bailout • financial crisis • Wall Street bailout • TARP

Commercial Real Estate May Set Off 2nd Crisis

Another mortgage-backed securities market gets into trouble

Aug 31, 09 7:27 AM CDT
(Newser) - Just as the economy starts to recover, a second mortgage disaster may be looming. The commercial real estate sector is tanking, with many properties unable to generate enough cash to make mortgage payments. Lo and behold, those commercial mortgages have been sewn into securities—comparable to the packages of home... More »

MORE ABOUT:
mortgage • debt • mortgage debt • mortgage backed securities • commercial real estate • financial crisis

FDIC Fund Falls to $10.4B as Banks Struggle

Government will likely have to charge bank fees to replenish it

Aug 27, 09 11:02 AM CDT
(Newser) - The FDIC's fund for protecting bank deposits fell in June to just $10.4 billion—the lowest balance since the savings and loan crisis—all but ensuring that the government will have to levy new fees on banks to replenish it, the Wall Street Journal reports. The fund topped... More »

MORE ABOUT:
FDIC • banking industry • financial crisis • Sheila Bair

(Newser) - Just how bad has California’s budget crisis gotten? So bad that it’s holding what it’s calling the “Great California Garage Sale” this weekend, hoping to unload piles of junk and wasteful property that the state’s accrued over the years. Hundreds of items will be available,... More »

MORE ABOUT:
California • Arnold Schwarzenegger • sale • financial crisis • recession depression • budget crisis

analysis

 Bernanke's Next Challenge:
 Undoing His Own Work 

Rate cuts, other moves must eventually be reversed

Aug 26, 09 9:22 AM CDT
(Newser) - In his first term as Fed chairman, Ben Bernanke played the role of savior, lending hundreds of billions to banks and businesses, backing the mortgage market, and cutting interest rates. In his second, Bernanke will have to turn “strict disciplinarian,” reversing earlier moves to respond to a massive... More »

MORE ABOUT:
inflation • Ben Bernanke • White House • Federal Reserve • lending practices • Obama administration • financial crisis • President Obama • interest rates

 Obama Nominates 
 Bernanke for 2nd Term 

Prez: he 'approached a financial system on the verge of collapse with calm and wisdom'

Aug 25, 09 8:43 AM CDT
(Newser) - President Obama has nominated Ben Bernanke for a second term as Federal Reserve chairman, saying Bernanke “led the Fed through the one of the worst financial crises that this nation and this world have ever faced,” the AP reports. “Ben approached a financial system on the verge... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • nomination • financial crisis • President Obama • economic recovery

(Newser) - President Obama will nominate Ben Bernanke for a second term as chairman of the Federal Reserve, the Wall Street Journal reports. Obama, who will make the announcement tomorrow, credits Bernanke with “pulling the economy back from the brink of depression,” White House chief of staff Rahm Emanuel said... More »

MORE ABOUT:
Ben Bernanke • depression • Federal Reserve • Rahm Emanuel • financial crisis • President Obama

OPINION

Recession Soon Over, but Here Comes Another

Roubini: Unwinding rescue could produce 'W-shaped' recovery

Aug 24, 09 7:02 AM CDT
(Newser) - The global recession is nearly over, but the recovery is far from certain, writes NYU professor and professional pessimist Nouriel Roubini in a Financial Times op-ed. The economist who predicted the financial crisis chides colleagues who foresee a V-shaped recovery, with a quick return to growth. Rather, the recovery will... More »

MORE ABOUT:
recession • global economy • stagflation • financial crisis • recession depression • Nouriel Roubini • economic recovery

(Newser) - Ben Bernanke patted himself on the back today for helping to save the world from a complete economic meltdown, MarketWatch reports. Facing public outrage and the prospect of President Obama dumping him in 6 months, the Fed chair said at a retreat in Wyoming that the world’s central banks... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • global economy • central bank • bailout • financial crisis • economic downturn

OPINION

 Why Stimulus Gets a Bad Rap 


Aug 20, 09 10:04 AM CDT
(Newser) - The Democrats’ $787 billion stimulus package is less popular than ever—even though it’s already working, writes David Wessel for the Wall Street Journal. The case against it is weak: Fed rate cuts hadn’t slowed the recession, already a year-old at that point, making the stimulus an... More »

MORE ABOUT:
Nancy Pelosi • Barack Obama • recession • infrastructure • economic stimulus package • financial crisis • American Recovery and Reinvestment Act

(Newser) - Ben Bernanke can expect a standing ovation from economists at a Fed retreat in Jackson Hole today—for the financial establishment, the Fed chairman is a superhero, hailed for his aggressive, unprecedented actions to stem the worst crisis in generations. Yet on Capitol Hill he's far less popular, and the... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • Chris Dodd • central bank • Senate Banking Committee • financial crisis

 Lousy Retail Sales Will Delay Recovery

Recession isn't over
as far as consumers
are concerned

Aug 19, 09 8:38 AM CDT
(Newser) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with... More »

MORE ABOUT:
retail • recession • consumer spending • Home Depot • retail sales • Target • retail stores • economy • Saks • financial crisis • recession depression • retail sector

(Newser) - After joining other major banks in snubbing cash-strapped California last month, JPMorgan Chase has changed tack and is lending the state $1.5 billion to end its IOU program a month early. The short-term loan will enable California to start redeeming on Sept. 4 the IOUs it has been using... More »

MORE ABOUT:
California • recession • JPMorgan Chase • financial crisis • IOU • California economy

 New AIG CEO's Salary: $7M 

Figure makes a mockery of government's 'populist image': blogger

Aug 18, 09 10:05 AM CDT
(Newser) - The new CEO of AIG is bringing home $7 million a year to restore the bailed-out firm to health, Bloomberg reports. Robert Benmosche will receive $3 million in cash and $4 million in common stock, a regulatory filing notes. “The cash component had to be enough to attract a... More »

MORE ABOUT:
CEO • salary • AIG • bailout • Obama administration • financial crisis • recession depression • Robert Benmosche

61 - 80 of 1641 Stories | << Prev 1 2 3 4 5 6 7 8 ... 83 Next >>


from our news partners