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Americans save more but earn less as rates fall

NEW YORK - The U.S. is finally becoming a nation of savers. Now if only we could get something for our money. ...

From STEVENSON JACOBS, Atlanta Journal Constitution Vendor,  20 Nov 2009

Related Topics: Federal Reserve,  Bankrate Inc,  Ben Bernanke,  Mark Zandi

Americans save more but earn less as interest rates fall

NEW YORK — The U.S. is finally becoming a nation of savers. Now if only we could get something for our money. Interest rates are sinking to near zero for the first time since last year's financial meltdown, dampening spending as Americans earn less on ...

From STEVENSON JACOBS ASSOCIATED PRESS, The San Jose Mercury News,  20 Nov 2009

Related Topics: Federal Reserve,  Bankrate Inc

FDIC boss: Big banks still aren't lending enough

NEW YORK (AP) -- The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another turn for the worse without increased access to ...

From STEVENSON JACOBS, Buffalo News,  10 Nov 2009

Related Topics: FDIC,  Federal Deposit Insurance Corp.,  Sheila Bair

JPMorgan won't poach talent from Citi, BoA

NEW YORK — JPMorgan CEO Jamie Dimon said Tuesday his bank won't try to hire top performers at Citigroup and Bank of America, days after the government's "pay czar" slashed pay for the biggest earners at JPMorgan's troubled rivals. "I morally have an ...

From STEVENSON JACOBS, Newsvine,  27 Oct 2009

Related Topics: Bank of America,  Jamie Dimon,  Citigroup,  Chrysler,  General Motors

Fed plan to police bank pay unlikely to curb risk

NEW YORK—It's the boldest idea yet to rein in Wall Street recklessness: Put the Federal Reserve in charge of policing not just the nation's banks, but also how much their employees are paid. Some experts say the plan might help correct a pay system ...

From STEVENSON JACOBS, Boston Globe,  24 Oct 2009

Related Topics: Federal Reserve,  Bank of America,  Simon Johnson,  Citigroup,  Barack Obama

US unveils broad effort to limit executive pay

WASHINGTON - The government unleashed efforts on two fronts Thursday to rein in outsized executive pay packages and limit the excessive risk-taking that fueled the financial crisis. ...

From STEVENSON JACOBS, Atlanta Journal Constitution Vendor,  22 Oct 2009

Related Topics: United States Department of the Treasury,  Federal Reserve,  Barack Obama,  Chrysler,  Citigroup

BofA's Lewis to forgo pay, bonus

by the Securities and Exchange Commission and New York Attorney General Andrew Cuomo. NEW YORK — Bank of America Corp.'s outgoing CEO, Ken Lewis, will get no salary or bonus for 2009 under an agreement with the government pay czar, who is scrutinizing ...

From STEVENSON JACOBS, TwinCities.com,  15 Oct 2009

Related Topics: Kenneth D Lewis,  Bank of America,  Andrew Cuomo,  Merrill Lynch,  Chrysler

In a bad economy, banks trade their way to profits

The big banks are showing they can still make money, even as Main Street struggles _ though not from lending, refinancing homes or other bread-and-butter business. Instead, they're doing what Wall Street does best _ betting big on stocks, bonds, ...

From STEVENSON JACOBS, eTaiwan News,  15 Oct 2009

Related Topics: Goldman Sachs,  Citigroup,  J.P. Morgan Chase & Co.,  Edward Yardeni,  Dow Jones

Loan losses could eclipse positive bank earnings

NEW YORK - If the nation's major banks report big third-quarter profits, don't take the numbers at face value. ...

From STEVENSON JACOBS, Atlanta Journal Constitution Vendor,  13 Oct 2009

Related Topics: Goldman Sachs,  Bank of America,  J.P. Morgan Chase & Co.,  Citigroup,  Regions Financial

Next asset bubble could come sooner

The next financial bubble could come sooner than many may think. A television screen in a booth on the floor of the New York Stock Exchange in New York, New York, shows the Fed interest rate decision on Aug. 12. Over the last 30 years, the ...

From STEVENSON JACOBS, Taiwan News,  13 Oct 2009

Related Topics: Harvard University,  Nasdaq Stock Market, Inc.,  Freddie Mac,  Fannie Mae,  Federal Reserve

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