Economy Feb 20 Morgan Stanley to buy E-Trade for $13 billion By Ken Sweet, Michelle Chapman, Associated Press
Economy Mar 20 Fed says biggest banks could withstand severe economic downturn On the first of two report card days for big banks in America, all but one bank received a passing grade from the Federal Reserve. The central bank released the results of its “stress test” of 30 bank-holding companies with… By Simone Pathe
Economy Jan 31 Obama appeals to CEOs to hire long-term jobless President Obama has appealed to the nation’s chief executives to hire job applicants who’ve been unemployed long-term. The Bureau of Labor Statistics estimates nearly 4 million Americans have been without work for 27 weeks or more. On Friday, the president… By Alexis Cox
Economy Jan 14 Watch Big Banks Brace for Major Tax Hike President Obama announced Thursday plans to tax the nation's biggest banks to recoup TARP costs. But not everyone thinks this is such a great idea.
Economy Sep 14 Watch A Look Back at the Collapse of Lehman Brothers Lehman Brothers survived the Civil War, the Great Depression, two World Wars, and the attacks of 9/11, yet under the leadership of Richard Fuld the investment bank went from storied Wall Street firm to catalyst of last year's economic crisis.
Aug 13 When Did Formerly Safe Bonds Become Unsafe? Question: My question is: What about U.S. bond holders? I’ve seen bailouts of incompetent banks and businesses and some selective shareholder groups. Investment grade bonds were considered to be the safest investment next to… Continue reading
Aug 10 What Are Warrants Issued by Financial Institutions? Question: If you have not already done so, would you please explain the warrants that seem to be troubling the financial institutions at the moment? If you’ve already done so, I apologize for asking unnecessarily. Paul Solman: Hey, even if… Continue reading
Jun 09 Which Banks Are Repaying TARP Funds? By PBS NewsHour The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months. Continue reading
Jun 09 Ten Banks Allowed to Repay $68B in Bailout Funds By Admin, PBS NewsHour Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis. Continue reading
Jan 14 Retail Sales Sag 2.7% in December; Stocks Drop By PBS NewsHour Retail sales dropped more than expected in December -- a sixth straight monthly slide -- as consumers took heed of an economy pummeled by a recession, credit squeeze and continuing job losses. Continue reading