Oct 22 Pay Slashed for Bailed-out Firms' Executives The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees. Continue reading
Oct 22 Watch Feinberg Hopes More Companies Adopt Executive Pay Rules The Federal Reserve curbed pay packages for executives of companies that received bailout money in an effort to discourage risky business practices. Jeffrey Brown speaks with executive pay czar Kenneth Feinberg. Continue watching
Oct 21 Obama: Small Businesses to Be Offered TARP Help By Carolyn O'Hara President Barack Obama unveiled plans Wednesday to shift government bailout efforts from Wall Street's banks to Main Street's small businesses by increasing lending and access to credit. Continue reading
Oct 21 Watch Barofsky: TARP Program Fueled Public Distrust The biggest cost of the TARP program might be the public's distrust of the government, according to inspector general Neil Barofsky. Ray Suarez reports. Continue watching
Oct 19 Arrests, Scrutiny Put Hedge Fund Sector on Edge The arrests of a prominent Wall Street hedge fund founder and five others on Friday have unsettled the hedge fund world and could spur calls for new rules governing the largely unregulated financial sector. Continue reading
Oct 16 Loan Losses Drive Down Bank of America Earnings Bank of America reported Friday that it lost more than $2.2 billion in the third quarter, largely due to loan defaults and credit card delinquencies. Continue reading
Oct 16 Watch Shields and Gerson Survey Health Care Outlook, Economy Columnists Mark Shields and Michael Gerson sort through the top news of the past week, including a key vote on health care in the Senate Finance Committee, bank earning reports and conflicting data about the health of the economy. Continue watching
Oct 16 Watch Bank Earnings Reveal Mixed Recovery on Wall Street Third-quarter earnings revealed a mixed picture on Wall Street as Goldman Sachs and J.P. Morgan Chase posted healthy profits, while Bank of America continued to struggle under the weight of rising credit card delinquencies and mortgage defaults. Continue watching
Oct 14 Watch Wall Street Set for Record Payouts a Year After Crash Despite heightened scrutiny from both the public and regulators in the wake of the AIG bonus scandal, compensation on Wall Street is set for a record year in 2009. Jeffrey Brown reports. Continue watching
Oct 14 Watch Dow Closes Above 10,000 for First Time in a Year The Dow Jones industrial average closed Wednesday above 10,000 for the first time since Oct. 3, 2008. Ray Suarez speaks with a Washington Post reporter about the significance. Continue watching