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…
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…
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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.
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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.
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…
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…
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.
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.
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.
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