In Saturday’s New York Times, Gretchen Morgenson profiled economist Ian Shepherdson, who’s taking a more bullish stance. Namely, he sees the U.S. potentially following Sweden’s example of a sharp comeback after financial disast…
Microloans for small businesses have taken off in Peru, where informal employment is high and access to credit is low. The nation now ranks No. 1 in the annual Economist Intelligence Unit survey of world’s best business environ…
Bank of America, Citigroup and Wells Fargo are among U.S. banks that said in Friday regulatory filings they may incur costs defending lawsuits from investors in their mortgage-backed securities.
Continue readin…
The Federal Reserve may soon start letting some banks boost their dividends again, according to a story in The Wall Street Journal that cites anonymous sources. The move would signal confidence in the new financial regulations …
Wall Street traders, usually among the best-paid employees in the industry, may see drastic cuts in their take-home pay, Bloomberg News said.
Revenue in trading divisions has fallen by an average of 12% so far this year. Goldman Sachs (GS), which mak…