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...feel comfortable giving advice to a chief executive? Do you know your way around a bank's profit and loss statement? Are you available on weekends for crisis conference calls? Then the financial-services industry...

Author: /time Magazine | Title: Help Wanted: Bank Boards Seeking Competent Directors | 5/20/2009 | See Source »

...There are going to be changes to the boards of every major financial-services firm," says Clarke Murphy, co-head of the board-services practice at executive-search firm Russell Reynolds. "As many as half of their independent members [i.e., directors who are not officers of the bank] may change...

Author: /time Magazine | Title: Help Wanted: Bank Boards Seeking Competent Directors | 5/20/2009 | See Source »

...Banks are still full of bad news. Why are the stocks showing such strength? We've seen unprecedented liquidity being put to work in the U.S. on behalf of financials, so it was only going to be a matter of time before banks started to rise. Also, many investors have been so focused on the short term - all the recent steps taken by the Federal Reserve and the Treasury - that they have forgotten that the bank assist started in August of 2007 when the Fed cut the discount rate and opened the lending window to a wider list of financial...

Author: /time Magazine | Title: Stock Market: Why Are Financial Stocks Rallying? | 5/19/2009 | See Source »

What's the biggest risk to a continued rise in bank stocks? There are three risks: first, that credit spreads widen again and go back up to historic highs; second, that the employment situation, on a relative basis, is not improving and we see an acceleration in the rate of weekly jobless claims; third, if housing takes another big move to the downside...

Author: /time Magazine | Title: Stock Market: Why Are Financial Stocks Rallying? | 5/19/2009 | See Source »

...program is celebrating its 10th anniversary by offering a SPG Free Weekends special. Stay two nights at any Starwood hotel between May 1 and July 31 and earn one free weekend night (Friday, Saturday or Sunday). There are no limits to the number of free weekend nights you can bank, and you can cobble together a string of free nights at any Westin, Sheraton, Aloft, St. Regis and others. Free nights are redeemable through the end of September. Register here to participate...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

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