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Tax the windfall banking bonuses
ft.com — Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person should support them. So why do I now find the idea of a windfall tax on banks so appealing? Well, this ... (more) Tax the windfall banking bonuses
Banking veteran leading buyers toward Baytree
hf-implode.com — " Baytree — formed nearly a decade ago by the late Howard Adams, a co-founder of Lake Forest-based Wintrust Financial Corp. — ran into serious trouble this year and is operating under a regulatory order requiring it to raise capital. Through the first nine months of the year, Baytree recorded a ... (more) Banking veteran leading buyers toward Baytree

Universal Banking Latest Blog Posts

Has the U.S. made the right decisions during the recession?
14 hours ago at Midas Oracle .ORG
Universal standards
cafehayek.com — There are advantage to universal standards. The most important is economies of scale–once you learn the standard, it applies everywhere. But the disadvantages are subtle and usually much greater than the advantages. I don’t want ... (more) Universal standards
Another View: Unintended Consequences on Wall St.
Another View: Unintended Consequences on Wall St.
dealbook.blogs.nytimes.com — Another View: Peter J. Solomon, the chairman of the Peter J. Solomon Company, looks at Wall Street's compensation and the unintended consequences of the banking bailout. (more) Another View: Unintended Consequences on Wall St.
The Fed is sending gold higher
The Fed is sending gold higher
blogs.reuters.com — Is gold going to $6,300? Dylan Grice, an analyst with Societe Generale, says it’s possible, given the decline in central bank credibility. But investors need to keep one thing in mind: Gold is merely a vehicle to protect the purchasing power of ... (more) The Fed is sending gold higher
Banking Fix Made Easy With Six Simple Steps: Roger Lowenstein
Banking Fix Made Easy With Six Simple Steps: Roger Lowenstein
bloomberg.com — Nov. 17 (Bloomberg) -- Financial reform seems to be flailing. Legislation has been proposed, but it is complicated and diffuse. Most of the proposed fixes are incremental changes that don’t seem likely to prevent a future bubble. The House and Senate ... (more) Banking Fix Made Easy With Six Simple Steps: Roger ...
Banking In A State
baselinescenario.com — “ Banking on the State ” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points ... (more) Banking In A State
At Hearing, Questions about BofA C.E.O. Candidate
At Hearing, Questions about BofA C.E.O. Candidate
dealbook.blogs.nytimes.com — Bank of America representatives were asked about who would succeed Kenneth D. Lewis as the firm's next chief executive at a House Oversight Committee hearing on Tuesday, with one legislator skeptical about the prospects of one candidate, Brian Moynihan. (more) At Hearing, Questions about BofA C.E.O. Candidate
FDIC’s 20% Shorter ‘Merit’ Reviews Preceded Banking Failures
hf-implode.com — " At least three U.S. banks failed in the past year after the Federal Deposit Insurance Corp. deemed them healthy enough to qualify for a program that reduced the time examiners spent on reviews by at least 20 percent." (more) FDIC’s 20% Shorter ‘Merit’ Reviews Preceded Banking Failures
Mishkin Defend Bubbles (and of Course, the Fed)
Mishkin Defend Bubbles (and of Course, the Fed)
nakedcapitalism.com — The press becomes more surreal with every passing day. If we didn’t all have a stake in the outcomes, this would make for great theater. First we have the absurd spectacle of bankers claiming that they are doing God’s work. Great! Then ... (more) Mishkin Defend Bubbles (and of Course, the Fed)
Lazard Names Jacobs as Chairman and C.E.O.
dealbook.blogs.nytimes.com — Lazard on Tuesday named Kenneth M. Jacobs as its new chairman and chief executive, succeeding the late Bruce Wasserstein as the head of the independent investment bank. (more) Lazard Names Jacobs as Chairman and C.E.O.
The Kanjorski “We’re Tough on TBTF” Headfake
nakedcapitalism.com — Dear God, if you read the media, you’d really think the Congressional huffing and puffing at the banking industry was going to solve the “too big to fail” problem, or even make much of a difference. Folks, I hate to tell you, ... (more) The Kanjorski “We’re Tough on TBTF” Headfake
Paulson Takes Huge Stake In Citigoup.
Paulson Takes Huge Stake In Citigoup.
247wallst.com — John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that the Paulson & Co. vehicle had bought up many key financial and banking ... (more) Paulson Takes Huge Stake In Citigoup.
Small businesses, small banks, big problems?
macroblog.typepad.com — In a speech on Tuesday , Federal Reserve Bank of Atlanta President Dennis Lockhart drew some connections between the current commercial real estate (CRE) problems and the prospects for a small business-led recovery. The starting point was an ... (more) Small businesses, small banks, big problems?
The Public Purpose of Banking
winterspeak.com — While Lloyd Blankfein claims bankers are worth Billions, even as they destroy Trillions, it's worth taking a look at what the public purpose of banking is. Chicago economists, sit back down, the public purpose of banking is not to enrich their ... (more) The Public Purpose of Banking
Hedge Funds to Top $2 Trillion in 2010?
Hedge Funds to Top $2 Trillion in 2010?
dealbook.blogs.nytimes.com — The hedge fund industry may streak past its $2 trillion record high by the end of next year, as improved returns have lured investors back, Barry Bausano, Deutsche Bank's global co-head of prime finance, told Bloomberg News. (more) Hedge Funds to Top $2 Trillion in 2010?
Credit Agricole Profits Slide, and Chief Steps Down
dealbook.blogs.nytimes.com — Credit Agricole, one of the largest French banks, said late Tuesday that it had taken in a profit of 289 million euros ($433 million) for the third quarter, down 21 percent from a year ago, and that its chief executive, Georges Pauget, would step down. (more) Credit Agricole Profits Slide, and Chief Steps Down
U.S. Cutting Pay for Bailed Out Company Executives
U.S. Cutting Pay for Bailed Out Company Executives
cato-at-liberty.org — According to reports , executives from bailed out companies Citigroup, Bank of America, GM, Chrysler, GMAC, Chrysler Financial and AIG are going to see major pay cuts this year, which will be enforced by the president’s “pay czar,” ... (more) U.S. Cutting Pay for Bailed Out Company Executives
The Problem is Not TBTF, but TDTR
nakedcapitalism.com — Robert Johnson, former chief economist to the Senate Banking Committee, submitted testimony to a House Financial Services Committee hearing on OTC derivatives. His written testimony is to be posted today. While his remarks are worth reading in ... (more) The Problem is Not TBTF, but TDTR
On the Power of Protests (Join One Against Banksters in Chicago Oct. 25-27)
nakedcapitalism.com — Reader John Bougearel posted this in comments yesterday, asking me to reissue a post encouraging readers to participate in peaceful demonstrations at the American Bankers Association in Chicago October 25-27. The sessions are organized by a coalition ... (more) On the Power of Protests (Join One Against Banksters in ...
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