New Hire Roundup: Great-West Financial Names Manello CFO
Also in new hires, Treasury's Office of Financial Research added 11 new members to its financial research advisory committee.
Sandy Weill Wants Banks Small Again, Chris Dodd Wants Them Big
If politics makes strange bedfellows, it also makes for strange adversaries.
‘Living Wills’ Expose Banks’ Fragility, but Won’t Forestall Disaster
Sunday is the deadline for the biggest banks to submit "living wills" providing regulators a roadmap to break them up if the financial system is threatened. But Simon Johnson says the time to break up too-big-to-fail banks is now.
JPMorgan’s Dimon Target of Effort to Be Booted From NY Fed Board
After calling for JPMorgan's CEO Jamie Dimon to step down from his position on the board of the New York Federal Reserve, Simon Johnson, former chief economist at the IMF, started a petition.
Eurozone Slumps Further as Fidelity Predicts Bailouts for Spain, Italy
Despite the formation of a new government in Greece and a rescue for the banking sector in Spain, it looks as if a long, hot summer is in store for the eurozone.
London’s ‘Whale’ Loses $2 Billion for JPMorgan
CEO Jamie Dimon said that the office suffered an “egregious” failure and that losses from volatile synthetic credit securities could mount by another $1 billion in this quarter or the third.
Wave of New Bank Failures Predicted
An analysis of the nation’s FDIC-insured banks has identified 758 banks at risk of failure over the next two years, while administrative innovation at the FDIC should result in the orderly failure of larger banks previously thought too big to fail.
Debt Crisis Spooks Investors: Survey
Investors are keeping an eye on the debt ceiling fight in Washington, and they don’t like what they see, according to a poll from UBS Wealth Management Americas, which also indicates that investor sentiment has reversed in recent days.
So much for civilized debate
Saw Karl Rove debate General Wesley Clark at the TD Ameritrade conference. A raucous affair, to say the least. Catcalls from the crowd, audience members...