Items by By ERIC DASH
NYT > Business
-
Awakening in the Glow of a Bloomberg Terminal
Posted: December 11th, 2011, 3:13am EST by By ERIC DASH
Tags: [edit]
Traders who once woke up at dawn to get an edge are rising in the dead of night to buy and sell credit default swaps from their bedrooms.
NYT > Home Page
-
Awakening in the Glow of a Bloomberg Terminal
Posted: December 11th, 2011, 3:13am EST by By ERIC DASH
Tags: [edit]
Traders who once woke up at dawn to get an edge are rising in the dead of night to buy and sell credit default swaps from their bedrooms.
NYT > Business
-
Citigroup to Lay Off 4,500 Workers
Posted: December 7th, 2011, 1:00am EST by By ERIC DASH
Tags: [edit]
The bank will also take a $400 million charge in the current quarter to cover severance and other costs related to the downsizing.
-
Citigroup to Lay Off 4,500 Workers
Posted: December 7th, 2011, 1:00am EST by By ERIC DASH
Tags: [edit]
The bank will also take a $400 million charge in the current quarter to cover severance and other costs related to the downsizing.
-
Fed Plans New Stress Tests for Biggest Banks
Posted: November 23rd, 2011, 1:11am EST by By ERIC DASH
Tags: [edit]
Twenty-one lenders came off the Federal Deposit Insurance Corporation’s list of so-called problem banks during the third quarter.
-
Wall Street Banks Bracing for Drop in Trading Revenue
Posted: September 13th, 2011, 10:20pm EDT by By ERIC DASH
Tags: [edit]
In a bellwether for other large financial firms, JPMorgan Chase warned that third-quarter trading revenue was likely to fall about 8 percent from a year ago.
-
Wall St. Banks Expected to Post Weak 2nd-Quarter Results
Posted: July 11th, 2011, 1:37am EDT by By ERIC DASH
Tags: [edit]
After a sizzling first quarter, the weakening economy and an array of worrisome global events have Wall Street planning for big revenue drops and new rounds of layoffs.
-
Former Citigroup Accountant Accused of Embezzling $19.2 Million
Posted: June 28th, 2011, 1:09am EDT by By ERIC DASH
Tags: [edit]
The accountant is accused of transferring money from various Citigroup corporate accounts to his own bank account late last year.
-
Citi Says Many More Customers Had Data Stolen by Hackers
Posted: June 16th, 2011, 1:07am EDT by By ERIC DASH
Tags: [edit]
Citigroup said the credit card data breach exposed the financial data of more than 360,000 customers, about 80 percent more than it reported last week.
NYT > Home Page
-
Citi Says Many More Customers Had Data Stolen by Hackers
Posted: June 16th, 2011, 1:07am EDT by By ERIC DASH
Tags: [edit]
Citigroup said the credit card data breach exposed the financial data of more than 360,000 customers, about 80 percent more than it reported last week.
NYT > Business
-
As Lenders Hold Homes in Foreclosure, Sales Are Hurt
Posted: May 23rd, 2011, 8:02am EDT by By ERIC DASH
Tags: [edit]
The nation’s biggest banks and mortgage lenders have amassed a glut of foreclosed homes that threatens to deepen the housing slump.
NYT > Home Page
-
As Lenders Hold Homes in Foreclosure, Sales Are Hurt
Posted: May 23rd, 2011, 8:02am EDT by By ERIC DASH
Tags: [edit]
The nation’s biggest banks and mortgage lenders have amassed a glut of foreclosed homes that threatens to deepen the housing slump.
NYT > Business
-
DealBook: As Citi Revives, Pandit Wins Big Pay Package
Posted: May 18th, 2011, 9:10pm EDT by By ERIC DASH
Tags: [edit]
After a token pay of just $1 a year, Citigroup's chief executive, Vikram S. Pandit, will earn $23.2 million if he meets certain goals.
NYT > Home Page
-
DealBook: As Citi Revives, Pandit Wins Big Pay Package
Posted: May 18th, 2011, 9:10pm EDT by By ERIC DASH
Tags: [edit]
After a token pay of just $1 a year, Citigroup's chief executive, Vikram S. Pandit, will earn $23.2 million if he meets certain goals.
NYT > Business
-
DealBook: Quarterly Profit Surges 67% at JPMorgan
Posted: April 13th, 2011, 9:45am EDT by By ERIC DASH
Tags: [edit]
JPMorgan Chase kicked off bank earnings season on Wednesday, reporting a first-quarter profit of $5.6 billion, even as problems in its mortgage lending business continued to mount.
-
Fed Seeks to Identify Firms That Pose ‘Systemic’ Risk
Posted: February 8th, 2011, 5:48pm EST by By ERIC DASH
Tags: [edit]
The Fed proposal would create some guidelines on whether nonbanking firms should be considered primarily financial firms.
-
Big Banks to Pay Larger Premium to Insure Deposits
Posted: February 7th, 2011, 5:33pm EST by By ERIC DASH
Tags: [edit]
A new plan addresses the complaints of smaller institutions that they were taking on too much of the financial burden to save failing banks.
-
DealBook: Schwab to Pay $119 Million to Settle Bond Fund Case
Posted: January 12th, 2011, 8:48am EST by By ERIC DASH
Tags: [edit]
Regulators accused the company of misleading investors in its YieldPlus bond fund, which contained risky mortgage-backed securities.
-
DealBook: Year-End Investor Letter: A Wall St. Parody
Posted: December 30th, 2010, 1:29pm EST by By ERIC DASH
Tags: [edit]
The year-end investor letter - part quarterly report, part family holiday update, part zen-like musings - has become a seasonal rite. Here's a send-up of the tradition, written by a trader, now flooding in-boxes.
-
DealBook: Pandit Sees ‘Rebirth’ of Citigroup
Posted: December 29th, 2010, 6:19am EST by By ERIC DASH
Tags: [edit]
Vikram S. Pandit, the bank's chief executive, reflects on what was a "make or break" year for him.
-
Fed to Release Rules on Debit Card Transactions
Posted: December 16th, 2010, 1:47pm EST by By ERIC DASH
Tags: [edit]
The preliminary guidelines would be a first step toward lowering processing fees on debit card transactions.
NYT > Home Page
-
Fed to Release Rules on Debit Card Transactions
Posted: December 16th, 2010, 1:47pm EST by By ERIC DASH
Tags: [edit]
The preliminary guidelines would be a first step toward lowering processing fees on debit card transactions.
NYT > Business
-
Risky Borrowers Find Credit Available Again, at a Price
Posted: December 13th, 2010, 6:40am EST by By ERIC DASH
Tags: [edit]
Lenders are again offering credit to the riskier borrowers they once shunned, but they are choosing their prospects carefully and setting terms.
NYT > Home Page
-
Risky Borrowers Find Credit Available Again, at a Price
Posted: December 13th, 2010, 6:40am EST by By ERIC DASH
Tags: [edit]
Lenders are again offering credit to the riskier borrowers they once shunned, but they are choosing their prospects carefully and setting terms.
NYT > Business
-
DealBook: Peter Orszag Joins Citigroup
Posted: December 9th, 2010, 8:46pm EST by By ERIC DASH
Tags: [edit]
Peter R. Orszag will hold the title of vice chairman and will be the youngest member of Citi’s Senior Strategic Advisory group.
-
DealBook: Treasury to Sell Last of Citi Stake
Posted: December 6th, 2010, 5:47pm EST by By ERIC DASH
Tags: [edit]
Taxpayers are expected to gain $12 billion in profit from the sale, which will free the giant financial company from government controls.
NYT > Home Page
-
DealBook: Treasury to Sell Last of Citi Stake
Posted: December 6th, 2010, 5:47pm EST by By ERIC DASH
Tags: [edit]
Taxpayers are expected to gain $12 billion in profit from the sale, which will free the giant financial company from government controls.
NYT > Business
-
F.D.I.C. Says Many Small Lenders Are Still at Risk
Posted: November 23rd, 2010, 12:59pm EST by By ERIC DASH
Tags: [edit]
The number of problem banks has grown to 860. Collectively, the agency said, banks earned $14.5 billion in the third quarter.
-
DealBook: Wells Pays $100 Million to Citi Over Wachovia
Posted: November 19th, 2010, 3:50pm EST by By ERIC DASH
Tags: [edit]
The settlement ends the bitter legal sparring that began after Wells Fargo outfoxed Citigroup and acquired Wachovia in October 2008.
-
DealBook: Trick or Treat on Wall Street
Posted: October 29th, 2010, 6:06pm EDT by By ERIC DASH
Tags: [edit]
The Halloween costume competition at the Meredith Whitney Advisory Group is one of Wall Street's wackiest rites of fall.
-
The Basics: Foreclosures: A Paperwork Fiasco
Posted: October 23rd, 2010, 12:46pm EDT by By ERIC DASH
Tags: [edit]
The foreclosure crisis seems to be either in meltdown or in repair. Which is it? Here’s an overview.
-
Citigroup Reports $2.2 Billion Profit in Third Quarter
Posted: October 18th, 2010, 9:28am EDT by By ERIC DASH
Tags: [edit]
Profit rose but revenue fell as the banking giant said that losses on its mortgage and credit card units were starting to ease.
NYT > Home Page
-
Citigroup Reports $2.2 Billion Profit in Third Quarter
Posted: October 18th, 2010, 9:28am EDT by By ERIC DASH
Tags: [edit]
Profit rose but revenue fell as the banking giant said that losses on its mortgage and credit card units were starting to ease.
NYT > Business
-
Chase Acts to Broaden Foreclosure Reviews
Posted: October 14th, 2010, 3:11am EDT by By ERIC DASH
Tags: [edit]
The bank backed away from an industry-owned registration system that oversees millions of home loans.
-
JPMorgan Chase Profit Rises as Loan Provisions Fall
Posted: October 13th, 2010, 10:13am EDT by By ERIC DASH
Tags: [edit]
JPMorgan Chase kicked off what is expected to be a mixed quarterly earnings season for big banks.
-
Regulators Step in to Aid Credit Unions
Posted: September 25th, 2010, 12:30am EDT by By ERIC DASH
Tags: [edit]
Regulators took over three financial institutions that provide the underpinning for hundreds of the nation’s credit unions.
NYT > Sports
-
Cheering Section: The Steelers at the Intersection of Iron City Beer and Art Basel
Posted: September 19th, 2010, 1:27am EDT by By ERIC DASH
Tags: [edit]
Reassembling a man cave as the centerpiece of an exhibit that is a salute to the Pittsburgh Steelers and an acknowledgment of the team’s cultural impact.
NYT > Business
-
Citigroup to Sell Unit That Lends to Students
Posted: September 18th, 2010, 12:58am EDT by By ERIC DASH
Tags: [edit]
The buyers, Discover Financial Services and Sallie Mae, will pick up billions of dollars in student loans.
-
Outage Curtails Chase’s Online Banking
Posted: September 14th, 2010, 3:55pm EDT by By ERIC DASH
Tags: [edit]
Chase's online banking system is currently down, though A.T.M.'s are still working.
NYT > Sports
-
In the N.F.L. on Fourth Down, Romer Says Go for It
Posted: September 5th, 2010, 2:10am EDT by By ERIC DASH
Tags: [edit]
When it comes to fourth-down plays in the N.F.L., a California economist and professor asserts that coaches are far too conservative.
-
In the N.F.L. on Fourth Down, Romer Says Go for It
Posted: September 5th, 2010, 2:10am EDT by By ERIC DASH
Tags: [edit]
When it comes to fourth-down plays in the N.F.L., a California economist and professor asserts that coaches are far too conservative.
NYT > Business
-
More Banks in Trouble, but Profits Are Rising
Posted: September 1st, 2010, 1:10am EDT by By ERIC DASH
Tags: [edit]
The banking sector posted a record $21.6 billion in profit in the quarter, but the list of problem banks increased, the F.D.I.C. reported.
-
A Big Surprise: Troubled Assets Garner Rewards
Posted: August 27th, 2010, 12:40am EDT by By ERIC DASH
Tags: [edit]
The program devised to purge troubled real estate assets from the financial system has generated an estimated return of 15.5 percent for taxpayers so far.
-
First Niagara to Buy NewAlliance for $1.5 Billion
Posted: August 20th, 2010, 2:00am EDT by By ERIC DASH
Tags: [edit]
The deal, which would include cash and stock, would make First Niagara one of the nation’s 25 largest banks and offers hope for more deals.
-
A Richter Scale for Markets
Posted: July 31st, 2010, 11:00pm EDT by By ERIC DASH
Tags: [edit]
Earthquakes are a better metaphor for financial crises than you think.
-
Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited
Posted: July 23rd, 2010, 1:30am EDT by By ERIC DASH
Tags: [edit]
Citigroup and Goldman Sachs are among 17 companies said to have made lavish and unmerited payouts.
-
Kevin Spacey Film Explores Humanity on Wall St.
Posted: July 11th, 2010, 11:46pm EDT by By ERIC DASH
Tags: [edit]
Actors in “Margin Call,” a film about bankers dealing with the financial crisis, described how they researched their roles.
-
Regulators Find That Banks Have Not Adjusted Pay Practices
Posted: June 9th, 2010, 12:54am EDT by By ERIC DASH
Tags: [edit]
A review of 28 finance firms found many of the bonus programs that contributed to the crisis were still in place.
-
U.S. Sells 20% of Its Citi Shares, at Profit
Posted: May 26th, 2010, 11:20pm EDT by By ERIC DASH
Tags: [edit]
The Treasury sold 1.5 billion shares for about $6.2 billion, and made a profit of $1.3 billion.
-
Proposed Accounting Standards Include Mark-to-Market Rule
Posted: May 26th, 2010, 10:59pm EDT by By ERIC DASH
Tags: [edit]
To help prevent a crisis, the Financial Accounting Standard Board would force banks and lenders to record loans at their current market values.
-
Big Profit Helps Calm Citigroup’s Annual Meeting
Posted: April 20th, 2010, 11:56pm EDT by By ERIC DASH
Tags: [edit]
Citigroup posted a first-quarter profit of $4.4 billion, the best since the financial crisis erupted.
-
Citigroup Reports Profit of $4.4 Billion
Posted: April 19th, 2010, 5:20pm EDT by By ERIC DASH
Tags: [edit]
The profit in the first quarter, the best result for the bank since the housing crisis began, was the result of an improving bond market and economy.
-
Measuring Wall Street Apologetics - Regret-o-Meter
Posted: April 17th, 2010, 2:13pm EDT by By ERIC DASH
Tags: [edit]
Regrets, they have a few. As Goldman Sachs is accused of securities fraud in a civil lawsuit, a look back at the “say you’re sorry” season.
-
JPMorgan Results May Forecast Banking Resurgence
Posted: April 14th, 2010, 9:50pm EDT by By ERIC DASH
Tags: [edit]
With the bank’s first-quarter income up 55 percent, its chief raised his outlook on the broader economy.
-
Few Fled Companies Constrained by Pay Limits
Posted: March 23rd, 2010, 1:15am EDT by By ERIC DASH
Tags: [edit]
Of the 104 senior executives whose pay was set by the federal pay regulator in the last two years, about 85 percent are still with the companies, data shows.
-
Fed Helped Bank Raise Cash Quickly
Posted: March 13th, 2010, 12:21am EST by By ERIC DASH
Tags: [edit]
Lehman Brothers engaged in a series of transactions with the New York Fed that were similar to the ones that drew criticism from the bankruptcy court examiner who investigated its collapse.
-
Citigroup Chief Expresses ‘Gratitude’ to Bailout Panel
Posted: March 4th, 2010, 8:46am EST by By ERIC DASH
Tags: [edit]
Vikram S. Pandit’s testimony before the Congressional panel overseeing TARP is partly aimed at challenging critics who see Citigroup as a symbol of too-big-too-fail banks.
-
At F.D.I.C. , Bracing for a Wave of Failures
Posted: February 24th, 2010, 2:00am EST by By ERIC DASH
Tags: [edit]
The Federal Deposit Insurance Corporation said it had placed 702 lenders on its list of “problem” banks, the most since 1993.
-
Wall St.’s Biggest Bonuses Go to Not-So-Big Names
Posted: February 11th, 2010, 12:21pm EST by By ERIC DASH
Tags: [edit]
Bonus watchers focused on Goldman’s chief, but he was eclipsed by executives outside the old pecking order of pay.
-
Wall St. Pay Is a Focus of Many in Washington
Posted: January 13th, 2010, 12:06am EST by By ERIC DASH
Tags: [edit]
Tilting at Wall Street is a big game in Washington, one that will grow as federal hearings into the causes of the financial crisis begin on Wednesday.
-
Citigroup Replaces Head of Consumer Banking
Posted: January 11th, 2010, 9:31pm EST by By ERIC DASH
Tags: [edit]
The executive, Teresa A. Dial, stepped down after a controversial 18-month tenure, during which she struggled to turn around the division.
-
Citi Is Eager to Pay Back Bailout Aid
Posted: December 10th, 2009, 1:50am EST by By ERIC DASH
Tags: [edit]
Persuading the government that it can stand on its own would be a milestone in the nation’s financial recovery. But it is not clear that Citi will be able to do so.
-
Big Paydays for Rescuers in the Crisis
Posted: December 7th, 2009, 12:35pm EST by By ERIC DASH
Tags: [edit]
In less than two years, many big sovereign wealth funds have reaped huge gains from bailing out financial institutions.
-
U.S. Fund for Bank Deposit Insurance Falls Into the Red
Posted: November 24th, 2009, 12:33pm EST by By ERIC DASH
Tags: [edit]
It was the first time the F.D.I.C. fund’s balance has been negative since the early 1990s, as the pace of bank failures accelerated in the third quarter.
-
Pathology of a Crisis
Posted: November 18th, 2009, 10:48pm EST by By ERIC DASH
Tags: [edit]
At bank after bank, the coroners of the financial crisis are discovering that regulators knew lenders were engaging in hazardous practices but failed to act.
-
Chase Is Said to Be Buying British Bank
Posted: November 16th, 2009, 12:57am EST by By ERIC DASH
Tags: [edit]
After finishing a deal to buy half of the Cazenove Group five years ago, Chase is expected to take over the entire investment bank.
-
To Retain Its Bankers, Citi Offers Option Plan
Posted: November 6th, 2009, 11:23pm EST by By ERIC DASH
Tags: [edit]
As an extra incentive to keep its bankers, Citigroup said it would grant one stock option at just above the current price for each share employees had accumulated.
NYT > Home Page
-
To Retain Its Bankers, Citi Offers Option Plan
Posted: November 6th, 2009, 11:23pm EST by By ERIC DASH
Tags: [edit]
As an extra incentive to keep its bankers, Citigroup said it would grant one stock option at just above the current price for each share employees had accumulated.
NYT > Business
-
Citi Review Said to Give Most Bosses Good Marks
Posted: October 7th, 2009, 11:07pm EDT by By ERIC DASH
Tags: [edit]
Citigroup’s board discussed the findings of a review of the bank’s leadership, which could lead to yet another shake-up, according to a person briefed on the meeting.
-
JPMorgan Picks Staley to Run Investment Unit
Posted: September 30th, 2009, 12:00am EDT by By ERIC DASH
Tags: [edit]
The appointment put James Staley in the running to one day succeed Jamie Dimon as chief executive of the major bank.
-
Market Place: In Florida, Vestiges of the Boom
Posted: September 9th, 2009, 10:39pm EDT by By ERIC DASH
Tags: [edit]
Only around 50 of the 396 units of the Tao Sawgrass condominium near Fort Lauderdale have been sold. Its backer, Corus Bancshares, is now tottering.
-
White House to Propose Big Reserves at Banks
Posted: September 2nd, 2009, 11:11pm EDT by By ERIC DASH
Tags: [edit]
Bankers oppose a buildup in capital cushions because it reduces the amount of money available for investing, and therefore eats into profits.
-
Bank Losses Drain Deposit Fund, F.D.I.C. Reports
Posted: August 28th, 2009, 1:36am EDT by By ERIC DASH
Tags: [edit]
In a grim report, the agency attributed the second-quarter loss for the banking industry to a surge in bad loans made to home builders and commercial real estate developers.
-
U.S. Helps Spanish Company to Buy Texas Bank
Posted: August 21st, 2009, 11:31pm EDT by By ERIC DASH
Tags: [edit]
Guaranty Bank, a deeply troubled Texas lender, was sold on Friday to Banco Bilbao Vizcaya Argentaria of Spain in one of the largest government-assisted deals offered to a foreign bank.
NYT > Home Page
-
F.D.I.C. Seeks to Attract More Buyers of Banks
Posted: August 21st, 2009, 2:11am EDT by By ERIC DASH
Tags: [edit]
The agency wants to attract more buyers for troubled institutions and is said to be considering a proposal to make it easier for private equity firms to buy them.
NYT > Business
-
Its Insurance Fund Dwindling, F.D.I.C. Seeks to Attract More Buyers of Banks
Posted: August 20th, 2009, 11:17pm EDT by By ERIC DASH
Tags: [edit]
The agency wants to attract more buyers for troubled institutions and is said to be considering a proposal to make it easier for private equity firms to buy them.
-
BB&T Takes Over Failing Colonial BancGroup
Posted: August 14th, 2009, 7:00pm EDT by By ERIC DASH
Tags: [edit]
The takeover agreement marks the largest bank failure of 2009 and could be the most costly since the sudden failure of IndyMac Bancorp last year.
-
Effort to Rein In Wall Street Pay Hits New Hurdle
Posted: August 10th, 2009, 11:36am EDT by By ERIC DASH
Tags: [edit]
Guaranteed bonuses at big banks have made a comeback, despite the public outcry over the use of taxpayer money.
-
Citigroup Considers Changes At Phibro
Posted: August 6th, 2009, 9:26pm EDT by By ERIC DASH
Tags: [edit]
Citigroup may be considering a deal that would give control of its Phibro commodities business to Andrew J. Hall, whose nine-figure salary has become a political hot potato.
-
Big Banks Paid Billions in Bonuses Amid Wall St. Crisis
Posted: July 30th, 2009, 6:12pm EDT by By ERIC DASH
Tags: [edit]
Wall Street’s million dollar club had nearly 5,000 members in 2008, New York’s attorney general reported.
-
Derivatives Are Focus of Antitrust Investigators
Posted: July 15th, 2009, 1:02am EDT by By ERIC DASH
Tags: [edit]
Markit, a data warehouse controlled by several big banks, said it had been notified that it was the subject of an inquiry.
-
Mortgages Are Now a Bank’s Best Friend
Posted: July 15th, 2009, 1:01am EDT by By ERIC DASH
Tags: [edit]
Mortgages have switched from a bane to a boon for banks in the second quarter because of a refinancing wave.
-
A.I.G. Seeks U.S. Support for Bonuses
Posted: July 10th, 2009, 3:55am EDT by By ERIC DASH
Tags: [edit]
The embattled insurer has been quietly seeking approval to pay $2.4 million in bonuses to its senior executives.
-
Citigroup Shuffles Top Ranks Again
Posted: July 10th, 2009, 2:17am EDT by By ERIC DASH
Tags: [edit]
Citigroup made is third change in top management in less than a year, a move that recognized regulators’ concerns.
-
Bank Fees Rise as Lenders Try to Offset Losses
Posted: July 2nd, 2009, 2:32am EDT by By ERIC DASH
Tags: [edit]
Some institutions quietly and creatively charge people more to save and spend their own money.
-
10 Large Banks Allowed to Exit U.S. Aid Program
Posted: June 10th, 2009, 1:42am EDT by By ERIC DASH
Tags: [edit]
Goldman Sachs, JPMorgan Chase and eight other large banks were deemed strong enough by federal regulators to return more than $68 billion in taxpayer aid.
-
U.S. May Set a Debt Test for Banks
Posted: May 6th, 2009, 12:29am EDT by By ERIC DASH
Tags: [edit]
The Treasury is expected to announce as early as Wednesday that banks must show that they can issue debt without government subsidies before they are allowed to exit TARP.
-
Citi Directors Face Angry, Coffee-Less Shareholders
Posted: April 22nd, 2009, 2:13am EDT by By ERIC DASH
Tags: [edit]
At a shareholders meeting on Tuesday, investors’ frustrations touched on credit card fees, the health of the company, the $400 million spent to sponsor Citi Field and more.
-
Banks Holding Up in Tests, but May Still Need Aid
Posted: April 9th, 2009, 1:47am EDT by By ERIC DASH
Tags: [edit]
As federal examinations of 19 banks continue, there are signals that the institutions may need more bailout money.
-
Four Small Banks Are the First to Pay Back TARP Funds
Posted: April 1st, 2009, 1:05am EDT by By ERIC DASH
Tags: [edit]
The new restrictions on executive compensation and dividend payouts has made aid from the Troubled Asset Relief Fund less palatable to bank managers.
-
Bankers Pledge Cooperation With Obama
Posted: March 28th, 2009, 12:56am EDT by By ERIC DASH
Tags: [edit]
The chief executives of the nation’s largest banks told President Obama on Friday that they were committed to helping spur an economic recovery.
-
At Citigroup, a Shake-Up in Management Again
Posted: March 21st, 2009, 1:38am EDT by By ERIC DASH
Tags: [edit]
Edward Kelly, the firm’s head of global banking, will take over as chief financial officer, replacing Gary Crittenden, who will take the new post of chairman of Citi Holdings.
NYT > Home Page
-
U.S. Agrees to Raise Its Stake in Citigroup
Posted: February 27th, 2009, 8:23am EST by By ERIC DASH
Tags: [edit]
The Treasury Department announced on Friday that it would vastly increase its ownership of the struggling company.
NYT > Business
-
U.S. Agrees to Raise Its Stake in Citigroup
Posted: February 27th, 2009, 8:11am EST by By ERIC DASH
Tags: [edit]
The Treasury Department announced on Friday that it would vastly increase its ownership of the struggling company.
-
Stress Test for Banks Exposes Rift on Wall St.
Posted: February 25th, 2009, 1:42am EST by By ERIC DASH
Tags: [edit]
Investors in the stock market and big banks are increasingly at odds over the type of capital the banks will need to withstand a severe economic downturn.
-
Growing Worry on Rescue Takes a Toll on Banks
Posted: February 21st, 2009, 2:08am EST by By ERIC DASH
Tags: [edit]
Fears of nationalization and of Washington’s ever-changing plans for the nation’s beleaguered banks have sapped investor confidence in the industry.
NYT > Home Page
-
Growing Worry on Rescue Takes a Toll on Banks
Posted: February 21st, 2009, 2:08am EST by By ERIC DASH
Tags: [edit]
Fears of nationalization and of Washington’s ever-changing plans for the nation’s beleaguered banks have sapped investor confidence in the industry.
NYT > Business
-
Scrutiny of Bankers’ Perks Will Grow, Too
Posted: February 5th, 2009, 8:15am EST by By ERIC DASH
Tags: [edit]
In addition to salary caps for some banks receiving aid, President Obama called for a review of executive perks.
-
Mexican Billionaire Invests in Times Company
Posted: January 19th, 2009, 11:52pm EST by By ERIC DASH
Tags: [edit]
The New York Times Company approved a $250 million investment late Monday night by the Mexican billionaire, Carlos Slim Helú.
NYT > Home Page
-
Mexican Billionaire Invests in Times Company
Posted: January 19th, 2009, 11:52pm EST by By ERIC DASH
Tags: [edit]
The New York Times Company approved a $250 million investment late Monday night by the Mexican billionaire, Carlos Slim Helú.
