Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Bank of America Corp. won approval for its first dividend increase since the financial crisis.
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Hassan Nemazee, a top fundraiser for President Barack Obama and Hillary Clinton who was arrested last month for defrauding banks, was indicted by a grand jury for stealing $292 million from Citigroup, HSBC Holdings and Bank of America. Prosecutors last ...Read More »
For two centuries, Wall Street survived wars, depressions, bank panics and terrorist attacks. Now Wall Street as we know it is dead. Gone. When a healthy and thriving person dies suddenly, a medical examiner may talk to family and friends ...Read More »
My guess is that a large number of out-of-work Americans wouldn’t mind having their own office with secretarial help, even if they have no actual job to do there. For those in foreclosure, those laid-off, they could get some rest ...Read More »
Barack Obama has promised many times that he will have the most accountable administration in history. But early on, he missed two opportunities to show he means what he says. First, Tim Geithner's nomination to head the Treasury Department should have been withdrawn once his weaknesses were apparent. Second, Obama should have never picked Eric Holder to be attorney general.Read More »
The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress ...Read More »