25 min ago | International Business Times
Paulson, Buffett say US needed tough medicine
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
4 hrs ago | The Epoch Times
Wall St. Execs Get Stock Bonuses in Show of Restraint
After a record-breaking year and speculation of a $100 million bonus payout, Goldman Sachs Group Inc.
8 hrs ago | The News Tribune
KeyCorp vice chairman to join struggling AIG
" An American International Group Inc. executive who received a retention bonus worth more than $742,000 after taxes has resigned publicly - " in an Op-Ed column in The New York Times.
12 hrs ago | BusinessWeek
Lehman Brothers Examiner Files...
An examiner probing Lehman Brothers Holdings Inc.'s 2008 failure filed under seal his report investigating whether banks such as JPMorgan Chase & Co.
17 hrs ago | Bloomberg.com - Asia
Fund Losses of $2 Billion in Emerging Markets Signal Repeat of '04 Profits
The biggest tumble in developing- nation stocks in 11 months is making investment strategists at Morgan Stanley, Credit Suisse Group AG and Goldman Sachs Group Inc.
21 hrs ago | MarketWatch
Market Snapshot: U.S. stocks turn higher, helped by Hasbro, energy
U.S. stocks reversed slightly higher Monday, led by the consumer-discretionary sector following a better-than-expected fourth-quarter earnings report from toy maker Hasbro and a number of ratings upgrades.
CIT sets John Thain's salary at $6 million a year
The former Merrill Lynch & Co CEO's salary includes $500,000 in cash, $2.5 million of restricted CIT stock with a holding period of one year and $3 million in stock restricted for three years, the company said in a regulatory filing.
RRSP contributions to benefit from focus on saving: CIBC
Canadian contributions to RRSPs are likely to make a comeback this year, helped by a recovery in the stock market and a renewed focus on saving after the recession, a report by CIBC World Markets said.
Levitt Says CIT Made `Good Call' Naming John Thain CEO: Video
Feb. 8 -- Former U.S. Securities and Exchange Commission Chairman Arthur Levitt talks with Bloomberg's Jon Erlichman about CIT Group Inc.'s decision to name former Merrill Lynch & Co.
Volcker Rules Opposed by Wall Street and Republicans
I testified yesterday to the Senate Banking Committee hearing on the "Volcker Rules" . My view is that while the principles behind these proposed rules are exactly on target - limiting the size of our largest banks and preventing any financial institution backed by the government, implicitly or explicitly, from taking big risks - the specific rule ...
Goldman's payment demands on AIG probed: report
U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc , The New York Times reported on Sunday.
Broadcom to Present at Upcoming Conferences
Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, will be presenting at the following first quarter 2010 conferences: Thomas Weisel Annual Technology & Telecom Conference on February 8, 2010 Goldman Sachs Technology and Internet Conference 2010 on February 23, 2010 Morgan Stanley 2010 Technology, Media ...
CIT Group names former Merrill Lynch CEO John Thain to lead as chairman and CEO of lender
In this Sept. 15, 2008 file photo, former Merrill Lynch executive John Thain speaks during a news conference in New York.
The financial crisis: Gut-wrenching stuff
On the Brink: Inside the Race to Stop the Collapse of the Global Financial System .
Singapore Home Prices to Lag Behind Hong Kong on Building Boom
A bungalow on Singapore's Ocean Drive, a stretch of luxury homes lined with Bentleys and Ferraris, sold for a record S$30 million in October.
Ellen Brown: AIG-Gate: The World's Greatest Insurance Heist
Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee.
Goldman's claims helped push AIG to brink
The SEC is investigating whether the bank improperly hurt the mortgage market in a dispute with the insurance giant over demands for payments on sour securities.
Bank Bonuses Over $400,000 Would Face One-Time 50% Levy in Senators' Bill
Senate Democrats Barbara Boxer and James Webb proposed a 50 percent tax on bonuses of more than $400,000 at financial firms including Goldman Sachs Group Inc.
Bonus Shock: Goldman CEO Gets Just $9M
Rumors were that when Goldman Sachs CEO Lloyd Blankfein's bonus was announced, it would be the bonus to beat all bonuses.
Dexia to Sell Assets, Cut Short-Term Funding to Win EU Approval
Dexia SA, which received billions of euros in capital and funding guarantees from France, Belgium and Luxembourg, agreed to sell assets in Italy, Spain and Slovakia to gain European Union approval of the taxpayer-funded bailout.
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