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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: financial services

financial services stories: 10 news summaries
Thomas Frank

Financial Reform: How to Prevent Another Greenspan

Reform plans may hand regulation over to fervent deregulators

Nov 11, 09 9:44 AM CST
(Newser) - There's a lot riding on reform of the financial industry, but the administration's plans to overhaul financial regulation carries the seeds of its own destruction, writes Thomas Frank. Taking oversight away from the present confusing array of agencies and making the Federal Reserve One Big Regulator means that when the... More »

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Federal Reserve • Alan Greenspan • financial services • regulation • financial sector • bank regulation • deregulation

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

Oct 14, 09 9:02 AM CDT
(AP) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also... More »

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stock market • Wall Street • earnings reports • corporate earnings • financial services • financial sector • JPMorgan Chase

 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 »

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

(Newser) - Main Street doesn’t hold a monopoly on victimhood, Gabriel Sherman writes in New York. From AIG execs and their disappearing bonuses to Wall Street bankers who get dirty looks, the once-privileged feel like they’re shouldering too much blame. “It is difficult to sympathize with these people,”... More »

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executive compensation • recession • financial services • investment bankers • tax policy • Obama administration • Wall Street bailout • economic downturn

ANALYSIS

Thatcher's 'Big Bang'
Free-for-All Led to Bust

Pioneers of British '80s deregulation dismayed at unforeseen 'side effects'

Mar 31, 09 6:55 AM CDT
(Newser) - The British regulatory reforms that changed the face of the financial industry in the '80s allowed banks to become bloated giants, two architects of the so-called "Big Bang" changes tell the Wall Street Journal. The deregulation let London's financial sector flourish, the men say, but also allowed banks to... More »

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London • financial services • banking • G20 • bank regulation • deregulation • financial crisis

CEOs Took Billions
Off the Table Before Bust

15 financial, home building bosses made over $100M

Nov 20, 08 8:55 AM CST
(Newser) - Investors have lost some $9 trillion since last year’s stock market peak, but at the center of the maelstrom, CEOs of some of the worst-performing companies are sitting pretty. Fifteen financial services and homebuilding CEOs have accumulated more than $100 million each in the past 5 years in cash... More »

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executive compensation • Goldman Sachs • CEO • Bear Stearns • Lehman Brothers • financial services • Toll Brothers • financial sector • Richard Fuld

GLOSSIES

Culture Shifts
at Bloomberg's News Operation

Outsiders take some edge off, but outfit still bucks trend with growth

Nov 5, 08 4:06 PM CST
(Newser) - Unlike many news organizations, Bloomberg LP is growing, though whether the company’s culture will survive is in doubt, Seth Mnookin writes in Vanity Fair. Michael Bloomberg, mayor of New York and the company’s majority shareholder, no longer oversees day-to-day operations. And the chief architect of the financial services... More »

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newspaper • New York City • Michael Bloomberg • financial services • Bloomberg LP • news organization • Dan Doctoroff • Matthew Winkler • Norman Pearlstine

Wall St. Disarray Leaves Mess for Nonprofits

Charitable giving suffers as firms fold, merge, cut back

Sep 22, 08 3:39 PM CDT
(Newser) - The victims of the Wall Street tsunami aren't all investment bankers and McMansion brokers. Kids with diabetes, residents of low-income housing, and fans of classical music are among those who could take a hit as nonprofits that depend on philanthropy from financial services firms absorb the fallout, the Boston ... More »

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philanthropy • Wall Street • funding • financial services • nonprofit • credit crisis • financial crisis

Shake-up Rocks I-Banking Unit After Deep Losses

Bank of America hires new unit president, announces lay-offs

Oct 25, 07 4:45 AM CDT
(Newser) - After last week’s dismal report card for its investment arm, Bank of America replaced that unit’s president and announced a slate of reforms to recharge the business. Gene Taylor abruptly retired and will be replaced by Brian Moynihan, the bank’s president of Global Wealth and Investment Management,... More »

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Wall Street • Bank of America • financial services • banking • Brian Moynihan • Keith Banks • Gene Taylor • Kenneth D. Lewis • investment banks

Windy City Finance Biz Lures New Yorkers

Hedge fund says prices, lifestyle win converts

Sep 23, 07 2:51 PM CDT
(Newser) - If a Chicago-based hedge fund goes public, can it relocate East Coast talent to the Windy City? Citadel Investment Group, which is signaling interest in an IPO, says many New Yorkers fall in love with the city. Yet some still give it the cold shoulder:  "A lot of... More »

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Chicago • New York • financial markets • Citadel • Chicago Mercantile Exchange • hedge fund • financial services

10 Stories


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