investment banks

Banks told to comply on bonuses or lose UK banking licences

Digg - Business & Finance  Fri, 02/05/2010 - 10:31

Investment banks have been told that every bonus issued must comply with the regulatory guidelines, or they face having their licenses to operate in Great Britain revoked.


 

Buyout Firms Profited as a Company’s Debt Soared

NYT > Business  Mon, 10/05/2009 - 00:09

Private equity firms, former executives and Wall Street investment banks profited as the Simmons Bedding Company fell into bankruptcy, devastating its bondholders and employees.


 

NYT: Wall Street tries bundling life insurance

MSNBC.com: Business  Sun, 09/06/2009 - 02:52

After the mortgage business imploded last year, investment banks began searching for another big idea to make money. They think they may have found one: bundling life insurance policies.


 

DealBook: Cuomo Report Details Wall St. Bonuses

NYT > Business  Thu, 07/30/2009 - 11:18

Andrew Cuomo, New York’s attorney general, denounced Wall Street’s compensation system in a report that outlined his office’s investigation into pay practices at investment banks.


 

Newsweek: Why the recession is (probably) over

MSNBC.com: Business  Tue, 07/14/2009 - 15:58

Two of the best and most objective forecasters, who are not connected to investment banks or to the CNBC noise machine, have recently called the upturn.


 

Laid-off cubicle dwellers pursue trucking jobs

MSNBC.com: Business  Tue, 07/14/2009 - 05:35

Signing up with a trucking school can mean job placement opportunities and sometimes tuition reimbursement.<br /><br />Tuition at a trucking school can range between $3,000 and $5,000, depending on the type of certification. Just over a year ago, Patrick Greene was working for one of the nation's oldest investment banks.

Now he's driving a truck.


 

Muni bond regulator seeks disclosure by banks

Newsvine - business  Sun, 06/21/2009 - 23:01

Investment banks would be required to disclose contributions they make to municipal bond ballot drives under a proposal to be announced Monday by an industry regulator.


 

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

Charles R. Morris
Cover of The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
This is a great book for those of you like me who are not in the financial services industry but who want to understand why our economy is melting down as we speak. It will also help you understand why this upcoming election is so important: The author...