0
POPSSocGen Chairman Steps Down Daniel Bouton cites personal attacks as the reason why he's leaving Societe Generale, which has been battered for more than a year because of losses and a big trading scandal.
0
POPSLow-Flying Plane in NYC Sparks Panic The Defense Department is calling it a planned "photo-op," but panicked office workers in the financial district knew nothing about it and evacuated several office buildings. How about a head's up next time?
0
POPSTaxes up, Bankers Bail on London "High earners" face a 50% income tax next year in the U.K., and many bankers say it's the last straw. Many are planning to leave a badly beaten London financial market.
0
POPSStress Tests Results in May Look for the answers to the Treasury Department's bank stress tests on May 4, including plans for how banks will boost capital to prepare for a worsening economy.
0
POPSLewis on the Hot Seat Shareholder activities are gunning to remove Bank of America's Ken Lewis from his job, angry about the acquisition of Merrill Lynch
0
POPSCalpers Eyes TARP Assets The largest U.S. public pension fund hopes to sink billions into buying up troubled assets in the TARP program. First hedge funds and now distressed assets.
0
POPSMany French approve of 'bossnapping' Almost half of French people surveyed approved of workers locking managers inside their factories or other forms of temporary confinement in protest of layoffs. Fifty-six percent of blue collar workers favored such "bossnapppings," and 40% of white collar workers approved, according to Le Parisien.
0
POPSParsons: It's not just us Citigroup's chairman says banks are being singled out for causing the financial crisis, when really the responsibility is much more broad. Thing is bankers are (were) so highly paid, it's super easy to vilify them.
0
POPSUK now owns 70% of RBS Oof. After investors shunned its rights offering, Royal Bank of Scotland finds itself in deeper with the British government. It said Tuesday it would fire another 9,000 employees, on top of earlier cuts of 27,000.
1
POPSAnother Madoff Suit Now Ezra Merkin is accused of failing to adequately research the Madoff firm before investing $2 billion with him on behalf of clients. New York's attorney general says he improperly collected $470 million of fees from investing the funds. This is similar to cases filed earlier by Massachusetts' top securities regulator, who has targeted Fairfield Greenwich Group and Cohmad Securities.
0
POPSHedge Fund Investors Fight Back Investors are demanding better terms and more information from hedge fund managers as the fund industry deals with a wave of redemptions. Things have truly come full circle.
0
POPSGlobal Alpha loses its leaders Goldman Sach's badly beaten hedge fund Global Alpha loses three top managers. Could TARP pay restrictions have contributed to their leaving?
0
POPSAre Banks Really Profitable? Maybe the reportedly strong January and February at Citi, BofA and JPMorgan was really just massively large profits from AIG trading positions being unwound, a columnist says. http://tinyurl.com/cfunfv
0
POPSThe Worst? It's Not Over Commercial real estate losses are the next wave, and indications are that this crisis could be even bigger than the S&L crisis of the early 1990s.
0
POPSBack to the 80s? Smaller partnerships that specialize in trading bonds and other securities are rising from the ashes of the financial crisis, getting a boost from federal efforts to cap pay at the big Wall Street firms.
0
POPSAsset Grab Now that Bernie Madoff has pleaded guilty to a massive swindle and been packed off to prison, prosecutors are going after all his money, much of it held by his wife Ruth.
0
POPSYikes Nearly 2 billion shares of Citi traded hands today. That's with a B
1
POPSThe Pain Continues If you want to understand why Wall Street had such weak fourth quarter results, look no further than the housing market, where prices dropped off a cliff in November.
0
POPSFleeing Hedge Funds The hedge fund industry, stung by losses and investors pulling their money out, is expected to shrink by half.
0
POPSJob cuts continue on Wall Street In addition to UBS, Bank of America is also said to be decimating its ranks of capital markets, investment banking and trading employees. The cuts make way for the bank's absorption of Merrill Lynch. But they certainly aren't making any friends in the process.
0
POPSHow many loans will wind up bad? The government is weighing another massive bank rescue plan, perhaps as big as $3.5 trillion, to create a bad bank. The trick is deciding just how many bank assets this entity will have to buy. Loans that are just fine now could deteriorate rapidly given the economic conditions.
1
Clips
Latest Pops
Latest Comments
Most Pops
Tags
Print
Save
Turn on live update