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Latest Headlines
SEC commissioner blasts settlement with ex-Morgan Stanley trader
Given all the settlement activity recently between big banks and regulators, the news that the SEC had inked a settlement with a former Morgan Stanley trader accused of perpetrating sham trades seemed almost routine.
The former employee, Jennifer Kim, had agreed to pay $25,000 to settle charge
A look at Citigroup's incentives for top executives
If you're on the board of a big bank these days, you do not want to hand out huge compensation packages unless they are accompanied by appropriate incentives. At Citigroup, for example, under the Key Employee Profit Sharing Plan, top executives can earn more than $5 million if the bank hits variou
More banks to seek very long-term debt?
Lots of companies are coming around to the idea of issuing extremely long-term debt, which has proven popular with investors, despite some recent hiccups. A stark example comes from Rabobank Nederland, which issued 100-year bonds recently. So did Mexico; Brazil is set to follow. Lloyds Banking Gro
Does Goldman Sachs' relatively strong ten-year performance justify CEO bonuses?
Critics of over-the-top executive pay often focus on specific years, pointing out cases where shareholders suffered while executives gained. Bloomberg looks at the issue over a decade--at Goldman Sachs, always a lightening rod for criticism.
Over the last 10 years, Goldman stock turned in
Goldman Sachs, Morgan Stanley to lose billions
So just how onerous will the proposed financial reform bill be? Citigroup ( NYSE: C ) analysts put some numbers to the issue. Goldman Sachs ( NYSE: GS ) could lose up to 23 percent of its profits. Morgan Stanley ( NYSE: MS ) could lose up to 20 percent of its profits. JPMorgan Chase ( NYSE:
Banks seek out the rich for credit cards
It's fair to say that credit card ( credit card news) units at most top firms have been pummeled. To survive, we're seeing a huge philosophical shift, away from the notion that credit cards should be given to all and toward the old-fashioned notion that they should be given only to the well-hee
Mystery e-mini trader revealed
During the Flash Crash, one high-volume firm was notable for its heavy e-mini activity on the short side. A CME document obtained by the media shows the firm in question is Waddell & Reed Financial. Other active traders in e-minis included Jump Trading, Goldman Sachs ( NYSE: GS ), Interactiv
Card legislation a big win for consumers?
New legislation aims to end a lot of controversial practices that exploded in the news recently. Gone perhaps are the days of massive (percentage-wise) fees for over-drawing accounts. Gone are the days of banks retroactively raising a customer's interest rates without notice. Banks will no longer
Dividend hikes coming?
Dividend yields at big banks--the ratio of dividends to share price--have fallen to 1997 levels. According to Bloomberg, the yield for the KBW Bank Index dropped to 1.5 percent in 2009 from 7.5 percent in 2008. As recently as 2007, it was 4.9 percent. But there are signs of hope. JPMorgan Chas
The new small business lending leaders
When it comes to small business lending, CIT ruled the roost for a long time, but its spectacular fall has changed the order. Forbes notes that the lenders' share of Small Business Administration loans fell from 6 percent of the market to 1.1 percent in the first nine months of the year. It's
