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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles

Displaying items 12-22
  • Obama, McCain: Cautious in econ-crisis

     
    by Mark Silva Count both Barack Obama and John McCain, the candidates for president, as avowedly cautious in the face of the $700 billion bailout that the Bush administration proposes for banks and other financial institutions holding bad mortgage debts.....
  • Storm clouds brewing for bailout plan?

     
    by James Oliphant It's still too early to tell, but is bipartisan support for the Paulson Plan eroding? Tuesday's Senate Banking Committee hearing kicked off with strong words from the ranking Republican on the panel, Sen. Richard Shelby of Alabama.......
  • 'Nigerian letter' demands $800 billion

     
    All over New York, investment bankers are preparing to open tins of cat food for supper tonight and what does some jokester do but make light of their plight. Some people have no shame. URGEN MESSAGE FROM NIGERIA, ER, AMERICA...
  • Bailout: Global warming on Wall Street

     
    by William Neikirk The $700 billion bank bailout reminds me of global warming. Certainly the consequences of each are dire. But you wouldn't know the real impact if you took pre-emptive action that proved to be successful. If you cure......
  • WaMu thunderclap in economic storm

     
    by Frank James It wasn't a surprise that Washington Mutual, better known as WaMu, failed. For months It's been the thrift institution equivalent of a dead-man walking, finally being put to death by a run by its depositors, making it......
  • Obama, McCain: increase deposit cap

     
    by John McCormick, updated With savers increasingly worried about their money, Sen. Barack Obama and Sen. John McCain called today for an increase in federal deposit insurance from its current cap of $100,000 to $250,000. In a statement, the Democratic......
  • Bailout a 'disgrace,' Congress 'pathetic'

     
    by Frank James Nouriel Roubini, one of the economists who presciently warned that the financial markets and economy were headed for a day-of-reckoning, can't say enough about how bad he believes the Treasury's bailout is. In a blog posting, this......
  • Wall Street v Main Street: Winner please

     
    by William Neikirk What a story! Embattled Main Street rises up to smite Wall Street. The hordes celebrate. The financiers fret. The little folks have flexed their muscles. Too bad that isn't the real story. The real story could well......
  • Senate predicts bailout passage today

     
    by Mark Silva With added sweeteners for resistant Republicans and Democrats alike, Senate leaders are voicing confidence today that they can win the $700-billion bailout of the nation's financial markets stalled on Capitol Hill. "We're going to fix the...
  • FDIC insurance once seen as risky

     
    by Frank James One of the new features of the revised Wall Street bailout plan scheduled to be voted on in the Senate tonight is an expansion of the Federal Deposit Insurance Corp's coverage to accounts of $250,000 from $100,000.......
  • Senate reviving bailout: Adding sugar

     
    by Mark Silva The Senate will attempt to revive the president's $700 billion financial market bailout today, adding some sweeteners to try to make it more palatable to the House, which rejected it y 228-205 on Monday. It's said the......