Tag:
Government Funds
Latest Headlines
Latest Headlines
Pay cap too little, too late?
The Obama Administration, despite some apparent early dithering, ended up taking a hard line on executive pay at banks being bailed out with taxpayer funds. The $500,000 cap strikes many in the industry as draconian. But it does nothing--as of now, anyway--to change the compensation picture at ban
Fannie and Freddie vs. mortgage holders
What to do with Fannie Mae and Freddie Mac? Freddie Mac has said it'll require up to $35 billion in federal funds, in addition to the $14 billion it already took. Fannie Mae, which hasn't taken government funds yet, now says it'll need up to $16 billion. Even scarier, most people assume they're go
More on why banks won't loan
We've discussed the big tension between banks and regulators right now: The reluctance of banks to step up their lending despite receiving billions in TARP funds. Business Week weighs in and makes clear that banks are digging in their heels a bit. "Banking chiefs defend their position. They ar
Bank of America and union blues?
How bad is this economy? And what role do the banks play? Well, members of the United Electrical, Radio and Machine Workers, which represents 260 workers at Republic Windows & Doors near Chicago, have peacefully taken over their work site, protesting the company decision to shut them down.
Deutsche Bank rejects bailout money
Deutsche Bank is trying to do what no other major bank has done thus far: Say no to government funds. The bank has rejected funds from a 500 billion euro bank bailout package approved by the German government in October. The bank obviously wants to avoid the Faustian restrictions imposed on banks
