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Word: bankes (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Usage:

...This week it's been Fred Goodwin's turn. The former boss of the stricken Royal Bank of Scotland is rumored to be mulling a move to South Africa after vandals smashed windows and his car at his Edinburgh home. Britons are livid that Goodwin was awarded a $1 million annual pension after he quit RBS in disgrace last year. The 50-year-old oversaw a disastrous expansion that almost felled one of Europe's largest banks, prompted a $30 billion government bailout last fall and triggered the biggest annual loss in U.K. corporate history. "We are angry," a group...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

...Lost in the argument about why there was not risk management in place when a bank like Citigroup moved to the brink of collapse was the fact that Citigroup had a committee of its board of directors charged with monitoring the risks taken by the bank. Citi also had an army of risk managers who probably reported to an executive who also ran a part of the company that was taking risks. Of course, it is fair to assume that the bank also had a chief financial officer who had an excellent idea of what Citi had on its balance...

Author: /time Magazine | Title: Regulating the Cobblestones on Wall Street | 3/27/2009 | See Source »

...much to say that boards and executives who turn their backs on protecting the interests of their depositors, shareholders, customers, and employees will be keelhauled. This applies as much to hedge funds which have customers and shareholders of their own as it does to the Bank of America (BAC) which is, under the banking laws already in place, is regulated to within an inch of its life...

Author: /time Magazine | Title: Regulating the Cobblestones on Wall Street | 3/27/2009 | See Source »

Ironically, what helped start the rally in mid March were upbeat words from Citigroup CEO Vikram Pandit about Citigroup's profitable performance during the first two months of 2009. Friday's stock market swoon, traders say, was partly triggered by cautious comments from Bank of America CEO Ken Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful...

Author: /time Magazine | Title: Has the Stock Market's Rally Run Its Course? | 3/27/2009 | See Source »

Several tests of investor optimism will come in the weeks ahead, as U.S. companies begin reporting first quarter earnings (or losses). Moreover, the U.S. Treasury will probably make public the results of the bank stress tests that it has conducted in recent weeks. If stocks perform well in the face of bad quarterly numbers, or mixed news on the stress tests, market analysts will take that as a strong indicator that investor sentiment is truly turning...

Author: /time Magazine | Title: Has the Stock Market's Rally Run Its Course? | 3/27/2009 | See Source »

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