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Citigroup investors push back on exec pay packages

Apr 18, 2012
Fifty-five percent of the bank's shareholders voted against pay packages for top execs, including $15 million in compensation for CEO Vikram Pandit. The vote is advisory only, though, and thus doesn't actually force a change in Citi's pay practices.
Posted In: banking, executives, Citigroup

Shadow banking: Still a threat

Apr 16, 2012
Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Posted In: shadow banking, Banks, banking

Big banks pass Federal Reserve stress tests

Mar 14, 2012
The stock market had its best day of the year yesterday, in large part due to a pleasant surprise, in the form of a report card on stress tests that were taken by the big banks.
Posted In: stress tests, banking, Federal Reserve

What to take away from the Fed's stress tests

Mar 14, 2012
Probing deeper into the cracks that emerged when the Federal Reserve did the torture test on banks, it's tough to get past the few that did not make the grade.
Posted In: stress tests, banking

Rule encouraging whistleblowers to come forward

Mar 13, 2012
Whistleblowers at American corporations are sending thousands more tips to the Securities and Exchange Commission to take advantage of a program that can make turning in your employer more lucrative than winning the lottery.
Posted In: whistleblowers, banking, fraud, Dodd-Frank law

R. Allen Stanford convicted for Ponzi scheme

Mar 7, 2012
A Federal Jury in Texas has convicted Allen Stanford of defrauding investors to the tune of $7 billion in a Ponzi scheme.
Posted In: ponzi, banking, legal

J.P. Morgan profits despite its depositors

Feb 29, 2012
J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Posted In: bank, JPMorgan, Chase, banking

British PM David Cameron fights 'anti-business' mood

Feb 23, 2012
Several of Europe's biggest banks are reporting billion dollar losses today and yet, banks are handing out billions in bonuses and getting a lot of flack for it.
Posted In: Britain, banking, bonuses, david cameron

Investment banking hard on the mind and body

Feb 15, 2012
New research shows that work 100+ hours a week as an investment banker -- or a lawyer or software engineer -- can be a big hazard.
Posted In: banking, Health

Federal Reserve considers Capital One-ING Direct merger

Feb 7, 2012
Capital One wants to link up with the Internet Bank ING Direct USA in a $9 billion deal, but it has to get approval from the Federal Reserve.
Posted In: banking, ING Direct USA, Capital One, Federal Reserve

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