Blog Archives

Pity the Rich Investing in Hedge Funds. Seriously.

Filed under: Financial Services, Financial Advisors, Securities, InvestingGeorge Soros, founder of Soros Fund Management. (Akos Stiller, Bloomberg via Getty Images)
Hedge funds. Everyone wants to invest in them, but if you want to get into one, you gen…

Posted in Executive Prospectus, Financial Prospectus Tagged with: , , , , , , , , , , , ,

Goldman Sachs Plans Another Round of Job Cuts

Filed under: Goldman Sachs, Job Market, Layoffs, Financial ServicesGoldman Sachs Group (GS) will begin a fresh round of job cuts as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigg…

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Without Taxpayer Help, Too Big to Fail Banks Would Only Break Even

Filed under: JP Morgan Chase, Bank of America, Citigroup, Banks, Wells Fargo, Financial ServicesLloyd C. Blankfein, chairman and CEO of Goldman Sachs, speaks during a Bloomberg Television interview. (David Paul Morris/Bloomberg)
Wall Street banks once …

Posted in Executive Prospectus, Financial Prospectus, Wall Street Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

U.S. Regulators Warn Banks: Don’t Expect International Cooperation if You Fail

Filed under: Financial Reform, U.S. Government, Banks, Financial Services, Securities Federal Deposit Insurance Corporation Acting Chairman Martin Gruenberg (L) and Federal Reserve System Board of Governors General Counsel Scott Alvarez. (Getty Images)…

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Fed’s Texas Chief Says Break Up the ‘Too Big to Fail’ Banks: Here’s Why He’s Right

Filed under: Banks, Financial Services, Consumer ProtectionWhen the financial crisis hit in 2008 and America’s banks were teetering on the brink, the U.S. government made a controversial decision: Some of these banks — Bank of America (BAC), Citigroup…

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