American International Group will get an $85 billion loan from the federal government in exchange for an 80 percent stake in itself. Was this the right move? Should the government have rescued AIG?
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If it sounds like Bernanke was dancing in his testimony, it's because he's doing figure eights, trying to signal the Fed's direction.
Markets were expecting Fed Chair Ben Bernanke to strike a dovish tone in Congress, and he did not disappoint.
The attention on American corporations offshore tax arrangements obscures Luxembourg's retreat from banking secrecy, the NYT reports.
Stephen Koseff, CEO of Investec, talks about full-year earnings and the company's strategy of diversifying away from capital intensive business.
The bonus system is no longer fit for purpose and should be scrapped. No bank will ever be brave enough to do this on its own.
