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Results for bankers. Search took 0.61 seconds.
Bankers' pay soars despite crisis
in Sox First, on June 22, 2009
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It's hard to believe but bankers are now raking in enormous bonuses despite the global financial crisis. The Financial Times reports that Merrill Lynch, UBS and Citigroup are actually crank...
Recession drawing to an end. So what?
in Sox First, on June 20, 2009
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So bankers forecast that the recession will end in the third quarter of 2009. Big deal!! Don't crack open the champagne yet. The next few years will be hard. If you expect it will be anythin...
CIA recruits bankers
in Sox First, on June 19, 2009
...nty of work out there, if you want to become a spook. The CIA is now running a recruitment ad for bankers to come on board and "assess foreign economic policies and foreign financial issues&quo...
Banks fight to keep accounting tricks
in Sox First, on June 6, 2009
...are trying to delay that accounting rule, They have called in the Chamber of Commerce, the Mortgage Bankers Association, and the American Council of Life Insurers to write to Treasury Secretary Timoth...
More bad news: Mortgage delinquencies on the rise
in The Mortgage Roadmap, on May 29, 2009
...ure in the first quarter of this year. This marks the highest this figure, recorded by the Mortgage Bankers Association, has been since 1972, the year the association first began tracking it. It is al...
More housing woes
in Sox First, on May 29, 2009
...k, an economist at Wachovia Corp. in Charlotte, North Carolina told Bloomberg . But the Mortgage Bankers Association's mortgage delinquency figures suggest the bottom is nowhere in sight. Acco...
MBAs and Entrepreneurs
in BootStrapMe, on May 21, 2009
...Is our fascination with the comings and goings of MBAs as obsolete as our lionization of investment bankers and hedge-fund managers? Is it time to look elsewhere for the "best and the brightest&q...
The refi money is still flowing
in The Mortgage Roadmap, on May 21, 2009
...ners back to their mortgage lenders to refinance their mortgage loans.
According to the Mortgage Bankers Association , mortgage loan applications for the week ending May 1 jumped 2 percent from the...
The problem with economists
in Sox First, on May 18, 2009
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Bankers have deservedly received much of the blame for the financial bloodbath that's paralysed governments and transformed societies. But economists are just as much to blame. Possibly even m...
Hedge Fund Administrator of The Year
in The Hedge Funds Weblog, on May 13, 2009
...uded Dr Werner Frey, CEO of the European Securities Forum and Angela Knight, CEO of The British Bankers Association.
More about the awards
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Navigating the new mortgage roadmap
in The Mortgage Roadmap, on May 12, 2009
I applied for my most recent mortgage loan back in 2006. You might remember that this was right before the housing boom ended and the housing crash began. Bad timing on my part. Today, my home is worth far less than what I paid for it.
But there was one benefit of buying a home in 2006: Getting a m...
Lawyers cash in on Chrysler bankruptcy
in Sox First, on May 2, 2009
...lay any recovery plan. And who will be the winners out of this? As always, it will be the lawyers, bankers and accountants with Bloomberg reporting they are likely to make at least $200 million by ...
More Wall Street greed
in Sox First, on April 27, 2009
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Bankers and finance executives might have brought the world to its knees but they haven't learned their lesson. They reckon they're victims. In this striking piece from New York magazine,...
Big bonuses at imploding banks
in Sox First, on April 26, 2009
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The banks are imploding but that hasn't stopped the bankers raking in massive bonuses. Just what they're being rewarded for is anyone's guess. The New York Times reports that six of...
Giving banks permission to lie
in Sox First, on April 4, 2009
...writing down bad loans and by making new loans so companies could pay interest on bad loans and the bankers could say that the bad loans were good loans. Until Japan forced its banks to write off bad ...
G20 and FASB: the banks win again
in Sox First, on April 3, 2009
...ty, and the regulators are worse off. The change in the accounting rules is another bailout for the bankers!" Is it any wonder, as ethicist Dov Seidman writes, that the real problem we have no...
G20 protest meltdown
in Sox First, on March 28, 2009
...itself for the G20 protests with warnings from one of the organizers that there could be "real bankers hanging from lamp posts". Regardless of the hyperbole, it's another sign of how pol...
Accounting reshuffle
in Sox First, on March 19, 2009
...ers? Bring in a new one. That seems to be the proposal from Edward L. Yingling from the American Bankers' Assocation. He has recommended replacing the Financial Accounting Standards Board with ...
Dumb money and the meltdown
in Sox First, on February 24, 2009
...nd perpetually strong markets for debt. The high priests of this cult were the nation's central bankers. In the Era of Cheap Money (the fall of 2001 through June 2004), Fed Chairman Alan Greenspan...
Lady Black defends "kulak" bankers
in Sox First, on February 19, 2009
...s come out with a most extraordinary defense of the banking community. While most of us accept that bankers have created the world's economic crisis, Amiel compares them to the intellectuals targe...
Bad Money by Kevin Phillips
in Sox First, on February 17, 2009
...Not before time. As Phillips reminds us, the British colonial secretary Joseph Chamberlain told the bankers in 1904: "Granted that you are the clearing house of the world but are you entirely bey...
Madoff and the conspiracy of silence
in Sox First, on February 16, 2009
...r way and allowed Bernard Madoff to get away with his fraud. Now, the New York Post reports that bankers thought Madoff was a shyster but kept shtum. "Leon Gross, the former managing director ...
Wall Street bonus time, despite recession
in Sox First, on January 29, 2009
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The recession has not hurt the bankers. Not one bit. The New York Times reports that despite all the losses and taxpayer-funded bailouts, financial companies in New York collected an estimated $...
Guess who's coming to Davos
in Sox First, on January 26, 2009
...tional Herald Tribune reports , they won't be serving up caviar this year. The number of A-list bankers attending has been cut and many financial institutions have slashed their entertainment budg...
Hedging the bets
in Sox First, on January 13, 2009
...uot;aiding and abetting liability," which would make it easier to sue lawyers, accountants and bankers working on behalf of a fund accused of illegal activity. But, Freed says, it won't go t...
Morgan Stanley's Asia PE Chief Gets Axed
in China Venture News, on December 20, 2008
... departure from his new post underscores the brutal environment that private equity firms and their bankers face not just in Western countries, but Asia too."
While Mandal's job covered comp...
Will Obama's job plan work?
in Sox First, on December 7, 2008
...? Or is he going to pay prevailing wages? The fact is, that trying to employ millions of unemployed bankers, stockbrokers, financial services types, call center workers, or other white collar jobs...
No quick fix for US housing market
in Sox First, on December 5, 2008
... loans, 90 days overdue, has hit record levels, according to the latest figures from the Mortgage Bankers' Association . The problem is that at the height of the real estate boom, borrowers use...
Obama slams "tone-deaf" business leaders
in Sox First, on November 26, 2008
...e in a stinking pile of instruments no one can value much less wants to buy. That pile was built by bankers in tailored suits out of Harvard Business School who saw that if they could inflate - and ob...
Going Broke Going For Broke
in Eagle Par Birdie, on November 22, 2008
...companies - 10 of them - were trading below $10 a share.
There is tremendous fear among investors, bankers and governments (consider what China is facing in mass factory closings, rioting over job lo...
Fair value battle escalates
in Sox First, on October 29, 2008
...re booming. The world's banks generated enormous profits, and massive bonuses along the way, as bankers cashed in on fair value upswings in asset prices. Indeed, no institution has ever told banke...
The crash and deregulation
in Sox First, on October 18, 2008
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There are many explanations for the crash. Some blame it on greedy bankers and investment strategies that shunned trust and integrity. Others blame it on cheap money and low interest rates. But th...
Discounted holidays for redundant bankers
in Wandalust, on October 14, 2008
... © markhillary
The UK based GoLearnTo.com holiday learning experiences company is offering bankers made redundant during the Credit Crunch discounted holidays. The unemployed banking workers ar...
The Lehman legacy
in Sox First, on October 7, 2008
...ce in the market. Talk about deja vu!!! Is it any wonder that Bloomberg columnist Joe Mysak says bankers have now lost all credibility and it will take them decades to recover. "As for the ba...
Global supply chain management the bankers' way...
in Supplychainer, on September 29, 2008
...lly network designers do when conducting their optimization work, they really take an approach like bankers do in the time of decision making for investments. Just as investors hedge against future ma...
Can the bailout fix things?
in Sox First, on September 29, 2008
...shareholders and unsecured creditors. "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially ...
Bad mortgage bailout pain
in Sox First, on September 21, 2008
...those assets." But at the end of the day, those assets are still toxic. And in exchange, those bankers are going to get paid for those tox assets. Talk about moral hazard!! As the New York Times...
Banks: trouble ahead
in Sox First, on August 27, 2008
...ive a rating of 4 or 5 are put on the list. And that's a worry because the report suggests the bankers, in their greed to rake in millions, have neglected to do the basic stuff that bankers need ...
US recession? Depends how you define it
in Sox First, on August 26, 2008
...of the business cycle. And the Fed is still trying to work this one out. This downturn is not about bankers trying to rein in output to growth rates to get some sort of price stability. No, this one i...
JP Morgan, Wachovia and UBS burning billions
in Sox First, on August 13, 2008
...eaders of human folly, greed and stupidity. "One thing that came out of all this is that bankers are as susceptible to mania as teenage Japanese girls,'' Hamel said. "They real...
Risk managers come clean
in Sox First, on August 11, 2008
...for objective risk analysis and assessment. However, this separation hurt our relationship with the bankers and traders we were supposed to monitor. "In their eyes, we were not earning money for...
Fewer Banks Offer Federal Student Loans
in The Online Universities Weblog, on July 10, 2008
... is going to be is questionable," says Harrison Wadsworth , special counsel to the Consumer Bankers Association. "Lenders have pulled out. Some of them won't come back." If you&#...
There's worse ahead - central bankers
in Sox First, on July 1, 2008
If you thought we are over the worst of the economic slowdown, think again. In its latest report , the Bank for International Settlements warns that we could be at a "tipping point" and things could get a lot worse. The report condemns the way banks have kept interest rates low, or ...
Largest Building in Latin America
in Latina Viva, on June 23, 2008
... © monterd
Bankers are building green .
In Mexico City, the main avenue Reforma will soon be home to the tallest building in Latin America, the new Bancomer tower .
It's going to be 274...
Banks want to change accounting rules
in Sox First, on May 22, 2008
...T, want to start valuing illiquid assets using historical, rather than market, prices. "Senior bankers have long sought a change to the accounting rules, arguing that the requirement to mark the ...
Rich and poor: the CEO pay disconnect
in Sox First, on May 19, 2008
... be a political issue in the US with Hillary Clinton and Barack Obama slamming chief executives and bankers who have paid themselves big bonuses while sacking workers or foreclosing mortgages. Still, ...
UBS woes
in Sox First, on May 7, 2008
...tried to dominate. And to make things worse, we have reports that one of the most senior private bankers, Martin Liechti, has been detained by authorities in the US investigating whether the Swiss ...
Recession time: the house of cards tumbles
in Sox First, on April 10, 2008
...onduit underwriting. Ratings agencies and compensation also needed addressing. Of course, what the bankers are doing is trying to head the regulators off at the pass. By being so "up front"...
Other Voices: Links for 3/21/08
in The Personal Finance Weblog, on March 21, 2008
...dozen different countries you begin to realize how bleak things would be in a world without central bankers.
Why does a democratic country like India live mostly in abject poverty? The country has de...
ABA No Likey UIGEA
in Internet Poker, on March 10, 2008
...g the American Banking Association's response to the UIGEA's demand on their practices, the bankers have responded with with no love for this vague law. No love meaning the ABA is confused upo...
Liechtenstein: the mouse that roared
in Sox First, on March 3, 2008
...nced Germany for acting like the "Gestapo" by trampling all over the country's laws, bankers vowed to sue their bigger neighbour for handling stolen goods. Germany countered, saying it w...
Wikileaks and court stupidity
in Sox First, on February 21, 2008
...n legal staff. We are used to this sort of situation," one of them told The Register . Swiss bankers are finally discovering that the Internet is hard to control. The heavy-handed approach is n...
Criminalizing capitalism: Sarbanes-Oxley and the latest crisis
in Sox First, on February 15, 2008
... to believe that housing prices would keep going up, in large part thanks to cheap and easy credit. Bankers and executives also thought that careful engineering-and, yes, complex accounting and financ...
Société Générale - more blowouts ahead
in Sox First, on January 30, 2008
...ys be insiders who know how to work the system and who can cover their tracks. Trouble is most bankers, even if they admit that things could go wrong in theory, would have trouble acknowledging that ...
Merrill Lynch's bonus pain
in Sox First, on January 21, 2008
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At the end of last year, I did a blog entry looking at how investment bankers were still raking in enormous bonuses, despite the Subprime Meltdown . Indeed, according to research at Breaki...
Seminar on Islamic Finance - Opportunities and Challenges in Hong Kong
in The Hedge Funds Weblog, on January 15, 2008
... delegates including representatives from central banks, financial regulators, prominent commercial bankers, market professionals and legal practitioners from Hong Kong and the region, and delegates f...
Bootstrapping for control
in BootStrapMe, on January 3, 2008
...ong for the ride. Bootstrap a profitable business and you may get to keep much more.
• Bankers can lay down the law. Want to make your own decisions about how and when to expand your business, how m...
Cliche crunch
in Sox First, on December 9, 2007
...me, but give prime time.) It used to be called below-prime, but that sounded too understandable for bankers, and in 1996 subprime revved up in the auto industry." Safire sums the problem up thus...
Was Ken Lay a typical CEO?
in Sox First, on September 17, 2007
...f staff. Also, the records show Lay travelled extensively, meeting with with analysts, regulators, bankers, other CEOs, political leaders, employees, the media, customers, and others. He was at the H...
Interview with Thomas Homer-Dixon
in Sox First, on September 7, 2007
...ork. But growth is regarded as sacrosanct. SOX FIRST: There is a fascinating trend of salaries of bankers, traders and CEOs racing way ahead of the rest of the population. You talk about the growing...
Bonus pay and the Rolls Royce waiting list
in Sox First, on August 28, 2007
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Earlier this year, I talked about how the money sloshing into London has created a new class of bankers and traders: the haves and the have-yachts . But US bankers and traders haven't exactly...
The Refco lawsuit
in Sox First, on August 22, 2007
...legal quagmire. And now we're seeing the start of it.
Refco's trusts are now suing bankers and auditors for $2 billion, reports Bloomberg . And it's a big one. Bank of America, ...
Three steps to tackling the new financial risks
in Sox First, on August 21, 2007
...s at pricing uncertainty. It all came out of the the crisis in the late 1980s and early 1990s when bankers made wild loans in the hope of extracting huge profits and ended up getting in trouble when ...
Auditors off the hook in the Parmalat case
in Sox First, on August 13, 2007
...ggest bankruptcy. Late last week, US District judhe Lewis A. Kaplan let Parmalat's auditors and bankers off the hook by dismissing lawsuits against them. The folks at Deloitte & Touche Tohma...
IFPI: Convenient Half-Truths About File Sharing
in Digital Music - The Future, on August 10, 2007
...available to take a risk on "underground" artists and more inclination to invest in "bankers" like American Idol stars.
6. ISPs often advertise music as a benefit of signing up t...
IFPI: Convenient Half-Truths About File Sharing
in P2P File Sharing, on August 10, 2007
...available to take a risk on "underground" artists and more inclination to invest in "bankers" like American Idol stars.
6. ISPs often advertise music as a benefit of signing up t...
The Russian Open
in Eagle Par Birdie, on August 5, 2007
...d's power brokers, politicians, royalty, industrial magnates, tycoons, media moguls, investors, bankers and businessmen all come together to challenge each others strengths and play with the pro&#...
The SEC's stupid terror blacklist
in Sox First, on July 16, 2007
...ued. The SEC's mind-boggling stupidity has drawn a lot of fire. The Institute of International Bankers has warned that it would discourage US listings and has sent letters to SEC chairman Chr...
How to fix up accounting and financial reports
in Sox First, on June 28, 2007
...o worth noting that Pozen is a member of the Committee on Capital Markets Regulation , a group of bankers, bosses, academics and investors otherwise known as the Paulson Committee, headed by Hal Sco...
A Golden Age for Insider Trading
in Sox First, on June 21, 2007
...chnology are bringing it back big time. What makes it more alarming now is that the big investment bankers, analysts and executives are in on this. This week, The Wall Street Journal's Dennis Be...
