Bailout and Financial Crisis News

In the Financial Times’ breakdown of who’s who at Barclays, we learn that Roger Jenkins and his wife are considered the Posh and Becks of international finance. Is this well known? We had no idea. The main reason seems to be that Diana Jenkins is really attractive. Also, her husband has a great job. He used to [...]

(Robyn Beck/AFP/Getty Images) By Jacob Goldstein Wal-Mart already has “MoneyCenters” in 1,000 of its U.S. stores, and the company said yesterday it plans to to add 400 more by the end of the year. The centers offer services like check cashing and bill pay [...]

Canada’s top finance official visited New York Monday, delivering a triumphant message that flagged the relative health of his nation’s economy and public and private finances. In his remarks, Canada Minister of Finance Jim Flaherty also emphasized what his nation considers prudent financial reform, arguing taxes on capital and on financial transactions are wrong and would [...]

Dani Rodrik: The End of an Era in Finance: [W]hat happened on February 19 can safely be called the end of an era in global finance. On that day, the International Monetary Fund published a policy note that reversed its long-held position on capital controls. Taxes and other restrictions on capital inflows, the IMF’s economists wrote, [...]

It has been a month since Jean-Claude Juncker, Luxembourg’s prime minister and chairman of the 16 euro-zone finance ministers, said that Greece had until March 16th to show progress on their budget. The euro-zone finance ministers meet this week, and apparently Greece has meet the short term goals. From Reuters: Euro finance ministers [...]

March 13, 2010 We are about to enter the great debate on financial reform. Unlike other stymied political initiatives, this one is likely to pass. The final form is still unknown but the details are being shaped up, and there is where the devil will emerge. The Obama administration will not cure the [...]

Wall Street Investment Bankers Inc. — a self-professed real estate investment business that promises between $20,000 and $200,000 a month with “no upfront or investment cost” — isn’t licensed to do much of anything resembling banking or real estate in Florida, where it’s based. The company’s ad, seen running in the New York metropolitan market on [...]

Way back before the Great Collapse on Wall Street, hedge funds were the official demons of finance. The lightly regulated, independent alternative investment managers were said to pose systemic risk because they were operating outside the rules that wrapped more traditional investors and funds. Of course, when the collapse came it erupted right out of the [...]

I, Robot The Mauldin Test Who Stole My Nanotech? Water, Water Everywhere, Nor Any Drop to Drink The Promise of Biotech DIY-Bio Random Takeaways Home Again, Cambridge, and Cincinnati We are in an era of accelerating change, moving toward a future that will be profoundly different from the past we grew up in. But what will the nature of that change be? What [...]

Bernanke.  Paulson.  Geithner.  Summers.  Snow.  Greenspan.  And now, in the comments section of the posts about Buffett’s annual letter, even folksy old Warren gets taken to the woodshed by some BP readers as little more than a two-bit scoundrel.  Which got me thinking:  Is there anyone in the world of finance — anyone at all [...]

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