banking

  • January 20, 2010   BY Carolyn O'Hara  

    With Wall Street banks poised to offer record paydays for employees, Wall Street Journal columnist Dennis Berman explains the latest bank earnings reports and Wall Street’s reaction to the Obama administration’s proposed tax on big banks.

  • December 16, 2009   BY Jason M. Breslow  

    The Federal Reserve wrapped up its final policy meeting of the year on Wednesday, and, as expected, announced it would keep rates near zero “for an extended period.” Following two-days of meetings, the central bank’s Federal Open Market Committee voiced … Continue reading

  • December 11, 2009   BY Carolyn O'Hara  

    In a vote of 223-202, the House passed sweeping changes Friday afternoon to the way the financial system is regulated, with the creation of a new consumer watchdog agency, new authority for the Fed to police financial firms, and a … Continue reading

  • December 9, 2009   BY Carolyn O'Hara  

    British bankers’ bonuses will be a lot lighter this holiday season, thanks to a one-time, 50 percent tax imposed on bank bonuses, announced Wednesday by Britain’s chancellor of the Exchequer, Alistair Darling. Bonuses greater than 25,000 British pounds (about $40,600) … Continue reading

  • December 3, 2009   BY Carolyn O'Hara  

    Federal Reserve Chairman Ben Bernanke faced tough criticism Thursday from a Senate committee for the central bank’s failure to regulate risk-taking on Wall Street. Continue reading

  • June 18, 2009   BY busadmin 

    Paul Solman: We asked a number of people in the personal finance business and others close to the credit crisis to weigh in on the Obama administration’s new consumer protection proposal. I’m struck by Doug Elliott’s admonitions, especially his last … Continue reading

  • April 20, 2009  

    Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector. Continue reading

  • April 20, 2009   BY busadmin 

    Question: After three major banks – Citigroup, JP Morgan, and Goldman Sachs – announced better-than-expected earnings last week, Bank of America announced more than $4 billion in first-quarter profits today. How should we interpret this string of good earnings reports? … Continue reading

  • March 23, 2009   BY busadmin 

    After the Treasury Department released its plan today to rid banks of so-called “toxic assets” by enticing private investors to partner with the government, Paul Solman answered questions on the basics of the plan. What exactly are toxic assets and … Continue reading

  • March 19, 2009   BY busadmin 

    Question: Is the Federal Reserve “federal” as the name implies, or is it as “federal as Federal Express,” meaning a private, for-profit corporation? I’ve heard it both ways and would like the answer clarified by a hard-hitting reporter whose willing … Continue reading

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