Clik here to view.
A Rebound in Offshore Activity Signals India’s Recovery
A report by India’s Economic Times indicates that up to 11 multinational firms including Wells Fargo, Standard Chartered and Ingersoll Rand set up back office facilities in India during the 3rd quarter...
View ArticleClik here to view.
Central Banks Tighten the Purse Strings A Little
The world’s central banks are easing up slightly on the generosity they have shown over the past year when the financial crisis threatened to destroy the global economy. After European Central Bank...
View ArticleClik here to view.
Czar Kenneth Feinberg Wants Across-the-Board Executive Pay Cuts
Compensation czar Kenneth Feinberg – officially, the Obama administration’s special master for executive compensation – believes that the pay reductions he mandated at seven taxpayer-rescued firms...
View ArticleClik here to view.
Hedge Fund Honcho’s Bet Pays Off Big
David Tepper’s shrewd bet that the nation would avoid a second Great Depression inspired him to buy bank shares at rock-bottom rates, a move that has earned his Appaloosa Management hedge fund an...
View ArticleClik here to view.
TARP Banks Lending on the Rise
Eleven American banks that received money from the Troubled Asset Relief Program (TARP) originated 13 percent more loans in December than they had the previous month. The Department of the Treasury...
View ArticleClik here to view.
Kenneth Feinberg Widens Review of Rescued Bank Compensation
The nation’s pay czar is widening his review of how much money hundreds of banks paid their top executives during the 2008 financial crisis. Kenneth R. Feinberg, officially the Special Master for...
View ArticleClik here to view.
Treasury: TARP Repayments Now Surpass Debt
The $700 billion Troubled Asset Relief Program (TARP) is turning out to be a better bet than many thought at first. According to the Treasury Department, the amount of money repaid by banks and other...
View ArticleClik here to view.
SEC Wants Banks to Divulge Potential Foreclosure Losses
The Securities & Exchange Commission (SEC) is advising banks to divulge their anticipated losses from bad foreclosure documents. Lenders are required to divulge conditions where they “reasonably...
View ArticleClik here to view.
Federal Reserve Asks for Comments Before Implementing the Volcker Rule
Federal regulators have requested public comment on the Volcker Rule — the Dodd-Frank Act restrictions that would ban American banks from making short-term trades of financial instruments for their...
View ArticleClik here to view.
Fannie Mae Asks Uncle Sam For More Money
In an attempt to dig itself out of a deepening hole, Fannie Mae has requested $4.6 billion in additional federal aid. “We think that we have reserved for and recognized substantially all of the credit...
View Article
