The rich have been getting richer for so long that the trend has come to seem almost permanent, the New York Times reported.
JPMorgan Chase asked the UK banking regulator to examine a pay deal offered by Barclays to lure one of JPMorgan's star proprietary traders to its own investment banking arm, Barclays Capital, the Financial Times reported Monday.
Goldman Sachs executives sold shares in the bank after the collapse of Lehman Brothers last fall, the Financial Times wrote, citing filings with the Securities and Exchange Commission.
The Dow fell for a fourth straight day Wednesday after the Fed said it expected to keep interest rates exceptionally low for an extended period.
Stocks bounded higher Wednesday, with the Dow up about 1 percent, as investors cheered the better-than-expected jump in durable-goods orders and shrugged off a weak new-home-sales report.
Futures jumped Wednesday after a better-than-expected rise in durable-goods orders.
The burgeoning British scandal over the misuse of government expense accounts is claiming its first major victims and setting the stage for a major shake-up in the country's leadership.
A former executive of Bear Stearns has sued for a $2 million bonus he says he is owed.
Stocks advanced but ended off their highs Wednesday after the Federal Reserve said the recession appears to be easing.
Futures pared gains Wednesday after the first look at first-quarter GDP showed the economy contracted at a sharper pace than expected.
After about a decade where real wages for most American stagnated and the rich got richer, the public waited until now, with the Western financial system in ruins, to break out the torches and the pitchforks.
Of all the people who are angry at AIG right now, there is one in particular whose anger is at least as great as that of anybody in Congress or the administration but whose voice is one that you haven't heard yet in the uproar over AIG bonuses: Maurice "Hank" Greenberg.
The company can't afford to stay angsty. It has to work hard to stop customers from fleeing, it has to cut costs, and, to placate shareholders, it has to find new areas of growth.
Connecticut's attorney general says the newly revealed number will "further fuel the justified anger and revulsion that people feel."
It's becoming clearer that our way of life is changing irrevocably, and there's more than a little antagonism about who's to blame.
The A.I.G. executive who was nicknamed “Jackpot Jimmy” by a New York tabloid walked up the driveway toward his bay-windowed house in Fairfield, Conn., on Thursday afternoon. "How do I feel?” said the executive, James Haas, repeating the question he had just been asked. “I feel horrible. This has been a complete invasion of privacy," the New York Times reported.
In a stunning development, Sen. Christopher Dodd told CNN that Obama officials asked him to add language to last month's stimulus bill to keep AIG bonuses in place.
American International Group chief executive Edward Liddy faces tough questions Wednesday on Capitol Hill when he will testify before the House Financial Services Committee on how taxpayers' money poured into the insurance giant has been spent.
After a rocky start, stocks barreled higher Tuesday fueled by a surge in techs and a report that showed new home construction unexpectedly jumped in February. Even banks posted strong gains.
Stocks struggled to hold gains Tuesday as investors were encouraged by a report that showed new home construction unexpectedly jumped in February but banks wobbled.