Word: bankes
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...Instead, the banks went out and raised capital from private sources, including $65 billion in a matter of weeks. On June 2, Bank of America announced that it had raised $33 billion of the $33.9 billion the feds were requiring it to. JPMorgan announced new plans to sell stock. Part of the motivation for the banks is to get out from under government constraints - Congress has passed strict limits on executive salaries, bonuses and other benefits bankers love to love...
...turns out, that's part of the reason the banks are still resisting selling into the public-private program. "The government plan continues to face a number of hurdles, including too much government overhang," says Scott Talbott of the industry group Financial Services Roundtable. Government officials say the language in a recent Senate bill requiring recipients of government "public-private" dollars to submit to oversight by the special investigator of bank-bailout funds is scaring away both sides of potential deals. "We've run into reluctance on the part of buyers and sellers," says an official. (See pictures of retailers...
...transparent and cautious approach in identifying University priorities.“She’s very forthright, unadorned, and not one to gild the lily,” says Peter J. Solomon ’60, the founder of the New York-based Peter J. Solomon investment bank who has met with Faust on several occasions.CHANGING TACKAs the value of the endowment plummeted, donors have described Faust’s approach as direct and up-front in requesting their financial support to bolster the University’s cash reserves. Instead of winning donors over with plans...
When the Class of 2009 arrived on campus, Lehman Brothers and Merrill Lynch were still solvent.But between freshmen move-in and the Office of Career Services Career Forum at the end of September of their senior year, Merrill Lynch was sold to Bank of America and Lehman Brothers collapsed.And as might be expected in a time of economic turmoil, fewer seniors—usually looking for their first full-time jobs—were able to find work this year than in the recent past.In this year’s Crimson survey of over 500 seniors, 59 percent of those...
...state of abject destitution, its once productive population transformed into one of aid-dependent paupers. This context is undeniably one of mass suffering, created largely by Israel but with the active complicity of the international community, especially the U.S. and European Union, and the Palestinian Authority in the West Bank...