Soros Predicts Hedge Fund Cuts
October 29, 2008 by Joseph McCafferty
The hedge fund industry will not get through the credit crisis in one piece, says George Soros, who sees a mass downsizing of the funds and their impact in the global economy.
October 29, 2008 by Joseph McCafferty
The hedge fund industry will not get through the credit crisis in one piece, says George Soros, who sees a mass downsizing of the funds and their impact in the global economy.
Uncle Sam as ‘Sugar Daddy’
October 28, 2008 by Joseph McCafferty
Bonuses for investment bankers and traders are projected to fall by 40 percent this year. But analysts, compensation consultants and recruiters say the drop would be much more severe, perhaps as much as 70 percent, had it not been for the government's efforts to prop up the financial firms.
October 28, 2008 by Joseph McCafferty
Bonuses for investment bankers and traders are projected to fall by 40 percent this year. But analysts, compensation consultants and recruiters say the drop would be much more severe, perhaps as much as 70 percent, had it not been for the government's efforts to prop up the financial firms.
Congressional Bailout Panel on the Horizon
October 27, 2008 by Joseph McCafferty
As members of Congress struggle to come to terms with the global market meltdown, talk has circulated around the idea of establishing a congressional panel to work specifically with both the bailout and the regulatory steps needed in the near future.
October 27, 2008 by Joseph McCafferty
As members of Congress struggle to come to terms with the global market meltdown, talk has circulated around the idea of establishing a congressional panel to work specifically with both the bailout and the regulatory steps needed in the near future.
The Outlook: Strategies to End the Crisis
October 27, 2008 by Peter Morici
Bank bailout efforts by the Treasury, Federal Reserve and their counterparts abroad are failing because they only address symptoms, not the systemic ills that caused credit crisis. While global investors and traders may not articulate their fears in such esoteric terms, failure to address systemic problems are driving down corporate sales and profits and destroying stocks values.
October 27, 2008 by Peter Morici
Bank bailout efforts by the Treasury, Federal Reserve and their counterparts abroad are failing because they only address symptoms, not the systemic ills that caused credit crisis. While global investors and traders may not articulate their fears in such esoteric terms, failure to address systemic problems are driving down corporate sales and profits and destroying stocks values.
Sweden’s Bailout Could Restrict Director Pay
October 27, 2008 by Joseph McCafferty
The Swedish government is fast-tracking a bailout package that could impact the executive and non-executive directorship compensation plans of the country’s banks and financial institutions.
October 27, 2008 by Joseph McCafferty
The Swedish government is fast-tracking a bailout package that could impact the executive and non-executive directorship compensation plans of the country’s banks and financial institutions.
AIG Plows Through Loan, Gets More Cash
October 24, 2008 by Joseph McCafferty
American International Group had borrowed $90.3 billion from the U.S. government as of Wednesday, an indicator that its need for cash has expanded. The new total is $7.4 billion, nearly nine percent more than AIG had tapped a week earlier.
October 24, 2008 by Joseph McCafferty
American International Group had borrowed $90.3 billion from the U.S. government as of Wednesday, an indicator that its need for cash has expanded. The new total is $7.4 billion, nearly nine percent more than AIG had tapped a week earlier.
Ask the Expert: Executive Compensation
October 17, 2008 by Joseph McCafferty
What are the implications for executive compensation going forward in light of the financial crisis and the bailout plan?
October 17, 2008 by Joseph McCafferty
What are the implications for executive compensation going forward in light of the financial crisis and the bailout plan?
Cuomo Looks to Recover AIG Bonuses
October 16, 2008 by Joseph McCafferty
American International Group (AIG) had a party but the taxpayer gets the hangover, according to New York attorney general Andrew Cuomo, who is demanding the government-supported insurance firm forfeit all bonuses and other expenditures granted to its executive officers in recent months.
October 16, 2008 by Joseph McCafferty
American International Group (AIG) had a party but the taxpayer gets the hangover, according to New York attorney general Andrew Cuomo, who is demanding the government-supported insurance firm forfeit all bonuses and other expenditures granted to its executive officers in recent months.
FDIC Chairman Criticizes Bailout
October 16, 2008 by Joseph McCafferty
Homeowners should benefit from the bailout just as much as the large financial institutions, according to Federal Deposit Insurance Corporation (FDIC) chairman Sheila Bair in an interview with the Journal yesterday. The bailout package, which provides $700 billion to financial firms reeling from a loss of capital due to the credit crisis, insufficiently addresses the root of the crisis—homeowners who foreclosed on their mortgages in the first place.
October 16, 2008 by Joseph McCafferty
Homeowners should benefit from the bailout just as much as the large financial institutions, according to Federal Deposit Insurance Corporation (FDIC) chairman Sheila Bair in an interview with the Journal yesterday. The bailout package, which provides $700 billion to financial firms reeling from a loss of capital due to the credit crisis, insufficiently addresses the root of the crisis—homeowners who foreclosed on their mortgages in the first place.
Wall Street Gears For Lowered Exec Comp
October 15, 2008 by Joseph McCafferty
With the $125 equity infusion granted by the federal government to the country’s top nine banks comes a number of restrictions regarding risk, liability, and—most importantly—executive compensation.
October 15, 2008 by Joseph McCafferty
With the $125 equity infusion granted by the federal government to the country’s top nine banks comes a number of restrictions regarding risk, liability, and—most importantly—executive compensation.
Treasury, Fed, and FDIC Detail Bailout
October 14, 2008 by Joseph McCafferty
A joint statement by the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) released this morning details the implementation of three new fiduciary policies designed to strengthen the U.S. economy.
October 14, 2008 by Joseph McCafferty
A joint statement by the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) released this morning details the implementation of three new fiduciary policies designed to strengthen the U.S. economy.
Economic Bailout: Take Two
October 13, 2008 by Joseph McCafferty
Neel Kashkari, the interim assistant secretary of the Treasury for financial stability, spoke this morning on the recent steps taken in organizing the bailout. According to Kashkari, the Treasury has moved “quickly—but methodically” in setting up the framework for the Troubled Asset Relief Program (TARP), which was signed into law on October 3.
October 13, 2008 by Joseph McCafferty
Neel Kashkari, the interim assistant secretary of the Treasury for financial stability, spoke this morning on the recent steps taken in organizing the bailout. According to Kashkari, the Treasury has moved “quickly—but methodically” in setting up the framework for the Troubled Asset Relief Program (TARP), which was signed into law on October 3.
Paulson Advisor to Head Bailout
October 6, 2008 by Joseph McCafferty
Treasury Secretary Henry Paulson will appoint senior advisor Neel Kashkari to manage the repurchasing of securities in the upcoming $700 billion bailout, according to the Wall Street Journal.
October 6, 2008 by Joseph McCafferty
Treasury Secretary Henry Paulson will appoint senior advisor Neel Kashkari to manage the repurchasing of securities in the upcoming $700 billion bailout, according to the Wall Street Journal.
EU Ministers Call for ‘Say on Pay’
October 6, 2008 by Joseph McCafferty
A meeting on Monday and Tuesday between the finance ministers and government officials of the European Union has "say on pay" as a crucial part of its agenda.
October 6, 2008 by Joseph McCafferty
A meeting on Monday and Tuesday between the finance ministers and government officials of the European Union has "say on pay" as a crucial part of its agenda.
Former Secretary: Bailout ‘Crazy’
October 2, 2008 by Joseph McCafferty
In an interview with Bloomberg yesterday, former U.S. Treasury secretary Paul O’Neill blasted the $700 billion bailout plan as “crazy,” claiming that “the consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
October 2, 2008 by Joseph McCafferty
In an interview with Bloomberg yesterday, former U.S. Treasury secretary Paul O’Neill blasted the $700 billion bailout plan as “crazy,” claiming that “the consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
When CEOs Sugarcoat
September 30, 2008 by Joseph McCafferty
Efforts by CEOs to boost confidence before the fall of companies such as Bear Stearns, Lehman Brothers, and most recently Wachovia, have all focused on offering comforting words before the fall.
September 30, 2008 by Joseph McCafferty
Efforts by CEOs to boost confidence before the fall of companies such as Bear Stearns, Lehman Brothers, and most recently Wachovia, have all focused on offering comforting words before the fall.
Mitsubishi to Pay $9B for Morgan Stanley
September 30, 2008 by Joseph McCafferty
Morgan Stanley announced on Monday that it had completed its previously announced deal to raise capital from the Mitsubishi UFJ Financial Group. Mitsubishi will pay $9 billion for ownership of Morgan Stanley.
September 30, 2008 by Joseph McCafferty
Morgan Stanley announced on Monday that it had completed its previously announced deal to raise capital from the Mitsubishi UFJ Financial Group. Mitsubishi will pay $9 billion for ownership of Morgan Stanley.
Paulson Relents to Executive Pay Downgrade
September 25, 2008 by Joseph McCafferty
With Congress resisting him at every step of the way, and an American public with little patience with a Wall Street that can’t stay afloat on its own, Treasury secretary Henry Paulson gave into public sentiment yesterday, agreeing that a limit on executive pay must be included in the $700 billion government bailout.
September 25, 2008 by Joseph McCafferty
With Congress resisting him at every step of the way, and an American public with little patience with a Wall Street that can’t stay afloat on its own, Treasury secretary Henry Paulson gave into public sentiment yesterday, agreeing that a limit on executive pay must be included in the $700 billion government bailout.
Buffett: Bailout ‘Right Thing to Do’
September 25, 2008 by Joseph McCafferty
Warren Buffet says that passing a $700 billion bailout bill was "the right thing for Congress to do."
September 25, 2008 by Joseph McCafferty
Warren Buffet says that passing a $700 billion bailout bill was "the right thing for Congress to do."
WaMu on the Chopping Block
September 25, 2008 by Joseph McCafferty
Federal Regulators have expedited their search for a deal for Washington Mutual, as the saving-and-loan continues to bend to mounting pressure.
September 25, 2008 by Joseph McCafferty
Federal Regulators have expedited their search for a deal for Washington Mutual, as the saving-and-loan continues to bend to mounting pressure.