Will investors regret rooting for TARP paybacks?
Paying Back TARP: Good for Banks, Bad for Shareholders?
Tag Archives: financial
The Reasons Fraud Spikes in a Recession
As sure as growth slides and employment tumbles, so cases of fraud rise during recessions. This time is no different.
Stock Market: Why Are Financial Stocks Rallying?
Financial stocks — banks, brokers, asset managers — led the stock market down earlier this year, and almost left the stage as many shares sank into single digits. In recent weeks, however, the group has reversed course, rallying strongly, and even led the market to a robust gain on Monday, with the Dow rising 235 points.
Obama girds for Supreme Court fight
President Obama has started arming for the possibility of a major Supreme Court nomination battle, pulling a longtime Democratic power player into the White House to help run the confirmation process, senior administration officials told CNN. Stephanie Cutter is leaving the Treasury Department, where she has served as one of Secretary Timothy Geithner’s most senior advisers during the financial crisis, to be the point person for mobilizing public support for Obama’s pick to replace retiring Justice David Souter, three senior administration officials said. Administration officials say Obama is likely to name Souter’s replacement in late May or early June, before the president leaves for Egypt to deliver a speech to the Muslim world.
Stress Tests: Here to Stay?
Now that the bank stress tests are completed, is it time to plan another round? The government’s bank exams, the results of which were released last Thursday, seem to have calmed the market and paved the way for the nation’s largest financial firms to raise tens of billion of dollars. As a result, a number of academics and policy watchers are warming to the idea of making the stress tests permanent.
The Outlook For Stocks Is Decidedly…Mixed
‘Mixed’ is a word that pops up often in financial research reports these days. The measures that give us hints about which way the economy and markets are headed‹everything from the number of people out of work to how difficult it is for companies to fund themselves are pointing in every which direction. As a new Bank of America-Merrill Lynch report puts it: ‘The [stock market] indicators are fairly evenly divided between positive and negative readings.’ That’s not too helpful.
How Pakistan Failed Itself
In the Himalayan resort town of Nathiagali, a party is under way.
Spanish protesters demand protection for jobless
Tens of thousands of protesters marched on the streets of Spain’s capital Thursday to demand better protection for workers hit hard by the economic crisis. Dressed in funeral black to mourn the estimated four million jobless in Spain, demonstrators had a simple message for the government: Enough corporate bailouts; it’s time to focus on the workers
Stress Testing Biofuels: How the Game Was Rigged
Last week, while the financial world was obsessing over stress tests for fragile banks, the environmental and agricultural worlds were watching the results of the Obama Administration’s stress tests for renewable fuels.
Former Enron CEO files high court appeal
Former Enron CEO Jeffrey Skilling has asked the Supreme Court to overturn his 2006 conviction for insider trading, his attorney told CNN.