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Latest Headlines
Latest Headlines
The MOU governing Bank of America
While Citi seems to be on the verge of agreeing to a so-called "informal action," Bank of America may be working on a more formal "Memorandum of Understanding" that also gives the government much more sway over bank activity. The news from the Wall Street Journal seems a bit surprising, especi
Stanford faces criminal charges
We haven't seen a lot criminal charges in the still-unfolding financial crisis, but that might be changing. A criminal indictment unsealed in Houston, Texas, charges Allen Stanford committed a host of jail-worthy sins: He paid "more than $100,000 to Leroy King, former chief executive of Antigua's
BlackRock looking for deals
People have been expecting some consolidation in the asset management industry for a while now. If we do see some deals, what are the chances that BlackRock will be involved? Pretty good, according to Reuters . BlackRock Chief Executive Laurence Fink told the news service that he's eager to gro
