Museum of American Finance in NY "tracking the credit crisis"
A man looks at a new exhibit tracking the financial crisis at the Museum of American Finance in New York March 25, 2009. (Reuters)The Museum of American Finance opened an exhibit o...
Goodbye, AIG!
AIG Tower in Hong Kong (Bobby Yip/Reuters photo)Jake DeSantis, an executive vice president at American International Group Inc has issued his resignation letter, published on the N...
Top 25 Hedge Fund Managers See Take Home Pay Drop 48 Pct in 2008
The hedge fund industry still generated big profits in 2008 for top earners despite a 48 percent dropoff, according to a new survey by Alpha Magazine. The top 25 hedge fun...
Leveraged deals will be back: Blackstone
Timothy Coleman of BlackstoneLeveraged deals will be back, although, not at the same levels as before, a senior executive at Blackstone said on Tuesday."The idea that it’s over ...
AIG bailout averted 1930s type meltdown: Bernanke
Federal Reserve Chairman Ben Bernanke will tell lawmakers today that providing billions of dollars in emergency loans to insurer AIG was a “difficult but necessary†step to sup...
Goldman to Give Back Bailout Loan Soon: Report
Goldman Sachs is planning, "ideally within the next month," to give back a loan from the government's bailout fund which it accepted last year, people involved in the process tell ...
Top AIG bonus recipients give it back
Nine of the top 10 AIG bonus recipients have agreed to return the payments in full, New York’s top legal officer said on Monday. Attorney General Andrew Cuomo, in a con...
Fed, Treasury Clarify Fed’s Role
As the Federal Reserve and Treasury work closely to restore stability to the financial system in the midst of a prolonged recession, the pair of institutions issued a joint declara...
Credit bubble may be building: Kary
A bubble could be growing in the credit markets, according to Mark Kary, the chief executive of hedge fund Polar Capital. “Some people are looking at credit to the exclu...
Citigroup defends $10 million executive office construction project
Citigroup Inc defended its decision to go forward with a reported $10 million executive office construction project, saying it will realize savings of $20 million over the life of ...
