The Washington Independent

Posts Tagged investment banks

Women Leave Wall Street in Droves

By | 09.20.10 | 5:51 pm

From today’s Wall Street Journal:

Women are fading from the U.S. finance industry.

In the past 10 years, 141,000 women, or 2.6 percent of female workers in finance, left the industry. The ranks of men grew by 389,000 in that period, or 9.6 percent, according to a review of

More…

Wall Street: Impact of Dodd Bill on Profits Negligible in Long Run

By | 05.24.10 | 10:14 am

Tucked in this New York Times piece on Wall Street’s reaction to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill, now moving into conference committee for reconciliation with the House version, an anonymous Wall Street worker guesses at the bill’s impact on banks’ bottom lines.

Many executives spent the

More…

The Banks’ Unfair Fight Against Derivatives Reform

By | 04.23.10 | 1:43 pm

This week, Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill moved to the floor of the Senate. And with that bill close to passage, Wall Street and lobbyists turned their attention to Sen. Blanche Lincoln (D-Ark.) and the Senate Agriculture Committee’s proposal to regulate More…

Banks and Bad Behavior

By | 10.30.08 | 9:23 am

So far it seems those banks and financial institutions fortunate enough to receive billions of dollars from the government are showing their gratitude by hoarding the money for their own purposes, spending it on parties and, now, using it to cover up for major accounting “irregularities,” as they say.

Makes More…

And The Sky is Falling, Too

By | 09.15.08 | 9:15 am

It’s an entirely new financial world out there today — in a single weekend, Wall Street has turned upside down.

As The Washington Post explained, two of the world’s biggest investment banks are basically about to disappear, with Lehman Bros. filing for bankruptcy and Merrill Lynch being bought by More…