The Administration is proposing that large banks pay a tax based on .15% of total assets minus high-quality capital, such as common stock, and disclosed and retained earnings. Federal Deposit Insurance Corp.-covered…
Jamie Dimon and friends over at JPMorgan Chase & Co. (NYSE: JPM) will kick off the earnings season for the major money center banks and too-big-to-fail institutions on Friday in the early…
We have compiled from press releases and from company announcements a company-by-company donation and effort pledge to help in the relief efforts after the disastrous earthquake in Haiti. These are partial explanations…
Reuters: China defended itself against Google’s (GOOG) censorship changes. Reuters:Â Â Regulators will face the panel looking at the credit crisis causes. Reuters:Â Â The capex outlook in Japan is weak. Reuters:Â Â US foreclosures…
Reuters:Â Â Google (NASDAQ:GOOG) may leave China due to attempts to hack into its service there. Reuters:Â Â Oil dropped below $80 on US inventory news. Reuters:Â Â China markets fear tighter money policies from…
John Thain, former co-president of Goldman Sachs (NYSE:GS) and CEO of The New York Stock Exchange and Merrill Lynch, who was virtually shamed into retirement after Merrill was bought by Bank of America (NYSE:BAC),…
Andrew Cuomo, current attorney general and either future governor of New York State or US Senator, decided to force eight large banks that received TARP money to disclose their employee compensation for 2009. Some estimates…
Douglas A. McIntyre No matter what Goldman Sachs (NYSE:GS) does to make its huge bonus payments more palatable to taxpayers, shareholders, and the government, the more criticism the company faces about its compensation packages. The…
Douglas A. McIntyre A number of the top bankers from firms including Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), and JP Morgan (NYSE:JPM) will testify before the The Financial Crisis Inquiry Commission which has been charged…
Reuters:  A senior Fed official said the joblessness will not affect rate policy. Reuters:  Shares in China lenders rose causing economic overheating fears. Reuters:  Motorola (NYSE:MOT) says cellphone use for shopping is up.…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength…
These are this Friday’s top analyst upgrades, downgrades, and initiations seen from early Wall Street research calls. There were several banking and broker-on-broker cuts: Morgan Stanley (NYSE: MS), Goldman Sachs Group (NYSE:…
Bank of America (NYSE:BAC) CEO Ken Lewis is gone now, but the culture of big pay packages established on his watch is not. The bank will pay large bonuses for 2009 to many of…
Reuters:  Oil is at $82 and will move based on US jobs data. Reuters:   Reliance upped its offer for Lyondell to $13.5 billion. Reuters:  An former SAC employee was caught in a probe of…
Updated throughout the day. The New York Fed told AIG (NYSE:AIG) not to disclose swaps deals with companies including Goldman Sachs (NYSE:GS). (Bloomberg) Ivanhoe Mines may be for sale (Reuters). AMR (NYSE:AMR) has raised…
