Posted 4 hours ago

A $440,000 spa getaway. A high-priced golf junket in Las Vegas. A hunting trip in England.These are some of the embarrassing issues haunting the American International Group right now and they r

Posted 5 hours ago

The federal government s plan to inject $250 billion directly into the nation s banking sector has been met with some mixed reviews since it was formally announced on Monday. Several banking indus

Tags: system

Posted 7 hours ago

New York Attorney General Andrew M. Cuomo demanded Wednesday that American International Group stop all unwarranted and outrageous expenditures and that the troubled insurance giant seek to reco

Posted 8 hours ago

The stars are lining up nicely for New York litigation later this month by Huntsman and Hexion Specialty Chemicals against Credit Suisse and Deutsche Bank, the two banks that agreed to finance Huntsma

Posted 8 hours ago

Fresh from its acquisition of Lehman Brothers capital-markets business in the United States, Barclays has named the industry group heads at its rapidly expanding investment-banking arm.The list, ci

Posted 11 hours ago

Meredith Whitney is the kind of analyst who isn t afraid to shake things up. And Jamie Dimon can be pretty plain-spoken himself.Those two personalities made for an interesting (but friendly) exchang

Posted 12 hours ago

Wells Fargo, whose planned purchase of Wachovia will create the largest U.S. retail branch banking network, said on Wednesday third-quarter profit fell 25 percent, hurt by higher credit losses and inv

Posted 12 hours ago

We hope it will work. So said James Dimon, the head of JPMorgan Chase, in reference to the government s aggressive efforts to ward off a meltdown in the financial system. He said those words in

Tags: system

Posted 14 hours ago

The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, The New York Times s Mar

Posted 14 hours ago

The Treasury Department will make substantial profits on its investments in banks under the bailout program announced Tuesday if the banks return to health within a few years. If not, the governme

Tags: program