Read more financial services stories on Newserhttp://www.newser.com/taggrid/6713/financial-services.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 6:54:16 CSThttp://www.newser.com/story/73751/financial-reform-how-to-prevent-another-greenspan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThere's a lot riding on reform of the financial industry, but the administration's plans to overhaul financial regulation carries the seeds of its own destruction, writes Thomas Frank. Taking oversight away from the present confusing array of agencies and making the Federal Reserve One Big Regulator means that when the...http://www.newser.com/story/73751/financial-reform-how-to-prevent-another-greenspan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 11 Nov 2009 9:44:29 CSThttp://www.newser.com/story/71681/jpmorgan-earns-36b-despite-loan-losses.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also...http://www.newser.com/story/71681/jpmorgan-earns-36b-despite-loan-losses.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 14 Oct 2009 9:02:23 CDThttp://www.newser.com/story/58167/brokers-bail-on-wall-street.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA rising number of stock brokers are abandoning the industry as markets fall and commissions dry up, the Wall Street Journal reports. More brokers have already departed this year than in any of the last 15 years, and experts expect the exodus to continue as investors shift assets out of...http://www.newser.com/story/58167/brokers-bail-on-wall-street.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 06 May 2009 2:46:52 CDThttp://www.newser.com/story/56670/livid-wall-streeters-see-themselves-as-victims.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMain Street doesn’t hold a monopoly on victimhood, Gabriel Sherman writes in New York . From AIG execs and their disappearing bonuses to Wall Street bankers who get dirty looks, the once-privileged feel like they’re shouldering too much blame. “It is difficult to sympathize with these people,” Sherman writes, “but you...http://www.newser.com/story/56670/livid-wall-streeters-see-themselves-as-victims.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 20 Apr 2009 16:03:01 CDThttp://www.newser.com/story/54826/thatchers-big-bang-free-for-all-led-to-bust.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe British regulatory reforms that changed the face of the financial industry in the '80s allowed banks to become bloated giants, two architects of the so-called "Big Bang" changes tell the Wall Street Journal . The deregulation let London's financial sector flourish, the men say, but also allowed banks to become...http://www.newser.com/story/54826/thatchers-big-bang-free-for-all-led-to-bust.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 31 Mar 2009 6:55:39 CDThttp://www.newser.com/story/43202/ceos-took-billions-off-the-table-before-bust.html?utm_source=syn&utm_medium=rss&utm_campaign=tagInvestors have lost some $9 trillion since last year’s stock market peak, but at the center of the maelstrom, CEOs of some of the worst-performing companies are sitting pretty. Fifteen financial services and homebuilding CEOs have accumulated more than $100 million each in the past 5 years in cash compensation...http://www.newser.com/story/43202/ceos-took-billions-off-the-table-before-bust.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 20 Nov 2008 8:55:00 CSThttp://www.newser.com/story/41824/culture-shifts-at-bloombergs-news-operation.html?utm_source=syn&utm_medium=rss&utm_campaign=tagUnlike many news organizations, Bloomberg LP is growing, though whether the company’s culture will survive is in doubt, Seth Mnookin writes in Vanity Fair . Michael Bloomberg, mayor of New York and the company’s majority shareholder, no longer oversees day-to-day operations. And the chief architect of the financial services firm’s expansion...http://www.newser.com/story/41824/culture-shifts-at-bloombergs-news-operation.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 05 Nov 2008 16:06:57 CSThttp://www.newser.com/story/38089/wall-st-disarray-leaves-mess-for-nonprofits.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe victims of the Wall Street tsunami aren't all investment bankers and McMansion brokers. Kids with diabetes, residents of low-income housing, and fans of classical music are among those who could take a hit as nonprofits that depend on philanthropy from financial services firms absorb the fallout, the Boston Globe...http://www.newser.com/story/38089/wall-st-disarray-leaves-mess-for-nonprofits.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 22 Sep 2008 15:39:01 CDThttp://www.newser.com/story/10208/shake-up-rocks-i-banking-unit-after-deep-losses.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter last week’s dismal report card for its investment arm, Bank of America replaced that unit’s president and announced a slate of reforms to recharge the business. Gene Taylor abruptly retired and will be replaced by Brian Moynihan, the bank’s president of Global Wealth and Investment Management, and an architect...http://www.newser.com/story/10208/shake-up-rocks-i-banking-unit-after-deep-losses.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 25 Oct 2007 4:45:17 CDT