Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
Industrial Bank, a mid-sized Chinese lender, said on Monday it would raise up to 18 billion yuan ($2.64 billion) in a rights issue to boost its capital adequacy ratio.
Vladimir Putin pledged on Saturday to widen Russia's anti-crisis aid package with a car scrappage scheme and mortgage support to jolt the economy out of the worst recession in 15 years.
The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to a second term on December 3, putting the central bank chief under scrutiny at a time when the Fed is facing intense criticism in Congress.
Three years after a billionaire divorce gone terribly wrong, this is what is left: unfinished plans for America's largest home, several bankruptcies and an auction featuring a talking moose head.
A U.S. congressional panel on Thursday approved a measure to open the Federal Reserve's monetary policy decisions to government audits, a surprise blow to the central bank's efforts to shield its independence and a signal of frustration with the central bank.
Some of Goldman Sachs Group's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.
The state-owned Korea Development Bank (KDB) will "aggressively" consider buying Korea Exchange Bank a media report quoted KDB CEO as saying, in his first public expression of interest in the domestic rival.
Banks that are considered too large to fail should be dismantled rather than "coddled," Dallas Federal Reserve Bank President Richard Fisher said on Thursday.
A U.S. congressional panel on Thursday approved a measure to open the Federal Reserve's monetary policy decisions to government audits, a surprise blow to the central bank's efforts to shield its independence and a signal of frustration with the central bank.
Wall Street firms have started bring new workers on board, but executives claim they can't find top talent despite the thousands of professionals out of work.
Thursday, 19 Nov 2009 | Source: The New York Times
Identity fraud has been on the rise, as criminal cunning may be mixing with desperation during the downturn. But a new breed of products is tackling the trickier matter of preventing identity theft, says the New York TImes.
Thursday, 19 Nov 2009 | Source: The Associated Press
U.S. Treasury Secretary Timothy Geithner said Thursday that no financial firm should be able to escape regulation, and the largest institutions need oversight from a single, strong regulator.
As you probably could have guessed, I'm not going to jump on the bandwagon and say that the housing market is all fine and dandy now that we've seen two months of big jumps in existing home sales... Read More