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U.S. cuts pay at bailed out firms, BofA hits back
WASHINGTON (Reuters) - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
People:Barack Obama Activities:2008 U.S. Financial Rescue
2009-10-22
Administration plans big pay cuts at bailout firms
WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
Activities:2008 U.S. Financial Rescue Source:(AP)
2009-10-21
Goldman exec named first COO of SEC enforcement
WASHINGTON - A Goldman Sachs executive has been named the first chief operating officer of the Securities and Exchange Commission's enforcement division.
Nations:U.S. Activities:Madoff Fraud Case Source:(AP)
2009-10-16
Goldman Sachs profit tops $3B on strong trading
NEW YORK - Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a drop in its investment banking business.
Source:(AP)
2009-10-15
Goldman Sachs profit soars to $3.19 bln
NEW YORK (AFP) - Wall Street investment giant Goldman Sachs flew past forecasts Thursday, posting a profit of 3.19 billion dollars in the third quarter.
Source:(AFP)
2009-10-15
| Headlines |
- U.S. cuts pay at bailed out firms, BofA hits back 2009-10-22
- Administration plans big pay cuts at bailout firms 2009-10-21
- Goldman exec named first COO of SEC enforcement 2009-10-16
- Goldman Sachs profit tops $3B on strong trading 2009-10-15
- Goldman Sachs profit soars to $3.19 bln 2009-10-15
- Morgan Stanley leads as M&A shows signs of life 2009-09-25
- Risk-taking is back for banks 1 year after crisis 2009-09-13
- Morgan Stanley CEO Mack to be replaced by Gorman 2009-09-11
- Schwab sued by NY's Cuomo over auction-rate debt 2009-08-17
- CFTC considers limits on energy positions 2009-08-17
- Paulson stocks up on banks, drugs and gold 2009-08-13
- Government queries Goldman about compensation 2009-08-05
- Return of Wall St pay bonanza triggers concern 2009-07-24
- Ex-Goldman analyst, others accused of inside trades 2009-07-15
- Wall Street surges on Intel earnings, Fed outlook 2009-07-15
- Bailed-out Goldman Sachs sees profits soar 2009-07-15
- Goldman Sachs earnings easily surpass expectations 2009-07-14
- US bank Goldman Sachs posts $3.44 bln profit 2009-07-14
- Financials pull stocks higher ahead of earnings 2009-07-13
- Obama to meet bank CEOs to discuss economic crisis 2009-03-27
- Dow ends under 7,000, S&P tests 700 on AIG fallout 2009-03-02
- Berkshire sells J&J, P&G 2009-02-17
- Top 20 banks receiving US aid are lending: Treasury 2009-02-17
- How Banks Are Worsening the Foreclosure Crisis 2009-02-14
- Bankers vow to build trust with increased lending 2009-02-11
- Bankers challenged to reform system -- quickly 2009-02-11
- US bank bosses pilloried in Congress 2009-02-11
- Bonuses no luxury for some Wall Street workers 2009-01-30
- Bailout remains key to saving US banks despite outcry 2009-01-27
- As banks teeter again, Wall St. looks for answers 2009-01-21
- Citigroup, Morgan Stanley talk about merging units 2009-01-09
- AP study finds $1.6B went to bailed-out bank execs 2008-12-21
- Stocks surge after Fed cuts rates to record lows 2008-12-16
- Wall Street looks to Fed, auto bailout this week 2008-12-14
- BofA plans up to 35,000 job cuts in next 3 years 2008-12-11
- Citigroup, UBS buying back $30B in securities 2008-12-11
- U.S. wholesale inventories, sales plunge in October 2008-12-10
 Meltdown weakens NYC as global financial capital 2008-12-07- Fed extends key credit programs through April 30 2008-12-02
- Down we go again: Fourth-worst drop ever for Dow 2008-12-01
- Pressure grows for bank execs to give up bonuses 2008-11-17
- Vanishing jobs, stressed consumers feed downturn 2008-11-07
- Stocks plunge anew as recession worries resurface 2008-11-05
- Fed cuts key interest rate half-point to 1 percent 2008-10-29
- Wall Street layoffs could surge past 200,000 2008-10-23
- Goldman Sachs said to cut 10 percent of work force 2008-10-23
- Government moves again to unclog credit lines 2008-10-14
- Britain and EU buying into banks to save them 2008-10-13
- U.S. banks borrow record amount from Fed 2008-10-09
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