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Obama's big-bank tax: Which firms would pay it -- and could they just pass it on?
Money & CompanyThe Obama administration’s proposed “financial crisis responsibility fee” would hit the nation’s biggest names in banking, brokerage and insurance with a new tax aimed at raising about $9 billion a year for federal coffers.Here’s a look at... -
Is what's bad for Goldman Sachs bad for America?
Money & CompanyHas Obama gone too far?That will be the cry from Wall Street if stocks can’t pull up by the closing bell from today’s steep losses. The Dow Jones industrial average was down 193 points, or 1.8%, to 10,410 at about...... -
The week ahead
Chicago TribuneMonday: -- Earnings: Commerce Bancorp Inc.; Eaton Corp.; W.W. Grainger Inc.; Marshall & Ilsley Corp.; Mattel Inc.; Pharmaceutical Product Development Inc.; Sonic Corp.; Wachovia Corp. Tuesday: -- September producer price index -- September industrial...Tags: Coca-Cola Co., Office Depot Inc., Unions, Occidental Petroleum Corp., State Street Corporation
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|Story
Tags: Mortgages, Insurance, Morningstar Incorporated, H&R Block Inc., Stock Market
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The new lords of the land
Baltimore Sun reportersPaul W. Nochumowitz describes himself as a bail bondsman who takes home $14,000 a year and is bankrupt. Still, he and his wife, Amie Sue, own a $1 million high-rise condominium on Florida's Biscayne Bay as well as a home in Baltimore County. This year,...Tags: Mortgages, Crime, Law and Justice, Property, Florida, Financially Distressed Companies
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Laundering laws, terror policy hurt check-cashers
Sun reporterSome national and regional banks are dropping as customers check-cashing operations and other money-service businesses over concerns the firms aren't following federal guidelines meant to thwart money laundering and terrorist financing. Without banking...Tags: Crime, Law and Justice, Financially Distressed Companies, Baltimore County, Maryland, Bank of America Corp.
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Bank lending drops. So what's Plan B?
The Swampby Frank James Evidence is mounting that the federal government has been pushing on a string when it comes to trying to free up lending by throwing money at the nation's largest banks. The Wall Street Journal reports that bank......Tags: Nationalization, Politics, Government, Citigroup Incorporated, Nancy Pelosi
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Stress Tests Show Biggest Banks Still Need Money
Angela King and Associated PressWASHINGTON (AP) - Some of the nation's biggest banks don't have enough money to survive a deep recession. That's what the preliminary findings from the Treasury Department "stress tests" show. The official report will be released Thursday afternoon....Tags: Regions Financial Corporation, Capital One Financial Corporation, Bank of New York Company, State Street Corporation, Wells Fargo & Co.
Jan 14, 2010
| Los Angeles Times
Jan 21, 2010
| Los Angeles Times
Oct 15, 2006
|Story| Chicago Tribune
Sep 16, 2007
|Story| Tribune Media Services
May 6, 2007
|Story| Tribune Media Services
Dec 11, 2006
|Story| Baltimore Sun
Jul 18, 2006
|Story| Baltimore Sun
Jan 26, 2009
|Blog| Chicago Tribune
May 7, 2009
|Story| KCPQ-LTV
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