The U.S. Treasury department's financial bailout has a $78 billion shortfall when comparing the capital purchases it made to the bank assets it received, according to a Congressional Oversight Panel, according to a report.
The U.S. Treasury department's financial bailout has a $78 billion shortfall when comparing the capital purchases it made to the bank assets it received, according to a Congressional Oversight Panel, according to a report.
Swiss bank UBS held talks with Morgan Stanley late last year about a sale of its U.S. brokerage arm -- a unit UBS acquired in 2000 for $11.8 billion formerly known as PaineWebber -- according to a report in the Financial Times Tuesday.
Swiss bank UBS held talks with Morgan Stanley late last year about a sale of its U.S. brokerage arm -- a unit UBS acquired in 2000 for $11.8 billion formerly known as PaineWebber -- according to a report in the Financial Times Tuesday.
Swiss bank Credit Suisse plans to cut bonuses for investment bankers by 55 percent, Bloomberg reported on its website on Tuesday, citing unnamed sources.
Swiss bank Credit Suisse plans to cut bonuses for investment bankers by 55 percent, Bloomberg reported on its website on Tuesday, citing unnamed sources.
There is talk among top U.S. officials about a partial solution to the current financial crisis which involves creating a so-called 'bad bank,' but what exactly is the concept behind it?
President Barack Obama's administration has delayed the presentation of its full financial rescue plan by one week until the second week of February, senior officials in the administration said, according to CNN.
New York attorney general Andrew Cuomo may demand the return of the $4 billion paid in bonuses by Merrill Lynch & Co. to its executives in December, Bloomberg reported quoting an anonymous source.
My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor
The Swiss government told investment bank UBS it may have to slash bonuses by more than 80 percent after taking state aid, the Financial Times reports.
Shares of major banks in the U.S. rose early Wednesday pulling up the financial sector on optimism that President Barack Obama's administration may go ahead with a plan to buy bad assets in the financial system creating the so-called bad bank.
Wells Fargo said Wednesday it swung to a fourth quarter loss of about $2.6 billion, hurt by credit write-downs to reduce the need for future loan loss provisions on Wachovia Corp's risky assets.
Prominent executives have stepped away from attendance at the World Economic Forum 2009 in Davos, Switzerland which kicks off Wednesday, citing illness, the need to deal with pressing matters, or just avoiding the spotlight under tough economic circumstances.
New York's attorney general Andrew Cuomo on Tuesday issued a subpoena to former Merrill Lynch Chief Executive John Thain to testify on the payment of bonuses to executives worth $4 billion.
John Thain, former Chief Executive of Merrill Lynch & Co. pledged to reimburse to the firm the $1.2 million he spent to renovate his office saying it was a mistake.
Look for countries with strong middle-class growth -- say, China or Brazil. Stick mainly to housing and retail. Focus on the long term. And don't attempt to do it without a local partner.
Quietly and with little fanfare, the ownership of hundreds of public companies in the United States has moved from being dispersed among many players to being concentrated in the hands of a just a few. But it's not big banks that are dominating corporate ownership, as in the past. Instead it's mutual funds that hold almost 30 percent of U.S. corporate ownership today, compared with 8 percent in ...
The program will feature such activities as co-teaching and faculty mentoring; curriculum development, including case studies and courses in entrepreneurship, finance and nonprofit management; PhD mentoring and research-methodology seminars; and student consulting projects.
Merrill Lynch & Co paid bonuses to executives, estimated to be worth billions of dollars, just three days before the company's sale to Bank of America closed, reports said Thursday.
Former chief executive officer of Merrill Lynch & Co. John Thain has resigned from Bank of America Corp, three weeks after the companies merged. Last week, Merrill Lynch reported greater than expected losses for its fourth quarter, forcing BofA to receive additional government bailout funds.
Another victim of money manager Bernard Madoff's alleged $50 billion fraud has emerged, with a loss equivalent to more than $350 million.
