Finance Headlines

Executive Pay in the Spotlight

Finally, last week, the U.S. government announced the widely anticipated restrictions on executive pay in rescued companies and in banks.


US GDP Up 3.5 Percent in 3Q 2009

Real gross domestic product (GDP) increased at an annual rate of 3.5% in the third quarter of 2009, according to today's advance estimate.


Santander Banks on Brazil

As the largest bank in the 16-member euro zone, Spain's Banco Santander (STD) has fared pretty well during the recession. Tough domestic regulation forced the Madrid-based giant to steer clear of toxic financial assets, and the bank mostly avoided excess lending to Spain's suffering real estate sector. Now, just when rivals in the U.S. and Europe are curtailing spending, Santander has reinforced its expansion plans. Central to the strategy is Brazil


Finance Professor: Wall Street Bonuses Wrongly Blamed for Financial Crisis

The financial crisis is now more than a year old, and Americans are still angry --- angry that the economy tanked, angry that they're out of work. But mostly, people seem outraged by Wall Street bonuses.


Former AIG Exec Builds Second Insurance Giant

A former American International Group chairman is building his second U.S. insurance empire with the help of former AIG executives, an insurance expert said. Maurice Greenberg, former chairman and chief executive officer of AIG, has turned his attention to his new insurance conglomerate C.V. Starr.


Old Silicon Valley Intel Case Linked to Rajaratnam Scandal

A woman publicly identified as the informant in the Galleon hedge fund insider trading scandal was convicted in 2002 of leaking proprietary information about Intel to a Galleon representative. The woman, Roomy Khan, pleaded guilty in San Jose federal court to wire fraud charges.


Credit Unions Grow by Adapting to Latino Market

For credit unions in the United States, offering services to Latino immigrants is not only an attractive alternative but also an essential strategy for the growth of those financial institutions, experts say.


Oil Prices Could Undermine Recovery

The surging price of oil is a potential flaw in the economic recovery, a market adviser said.


More Californians Want to Reform Public Pension System

California's public pension fund has been hard hit by the current financial crisis and mismanagement, and more Californians support changing the pension system to prevent the system from being broken.


European Finance: The Big Thaw

The chief financial officers at some of Europe's largest firms have had a busy few months, since markets started to recover in early summer.


Dollar Slide

Since March, the U.S. dollar has declined 14 percent against major currencies. However, the topic did not deserve an allusion in the final declaration issued by the Ministers of Finance and central bankers of the industrialized economies at the conclusion of a meeting, held in Istanbul, parallel to the annual meetings of the World Bank and the International Monetary Fund.


FTC Changing Rules for 'Free Credit Reports'

Federal trade regulators at the FTC are changing the rules regarding how "free credit reports" are marketed, as required under the Credit CARD Act of 2009. And they want to hear from you.


JP Morgan Profit Surges Despite Recession

JPMorgan Chase & Co said Wednesday that third-quarter profits rose almost seven-fold, to $3.59 billion, far surpassing analysts' expectations. But chief executive officer Jamie Dimon sounded a warning against premature optimism.


Global Property Prices Turning Upward

Real estate markets worldwide are stabilizing and showing signs of a tentative recovery, according to a newly released report from London-based global property consultancy Knight Frank. The quarterly Knight Frank Global House Price Index shows property values increasing in almost half of 32 countries surveyed during the second quarter of this year.


Tax Amnesty Deadline Looms

U.S. taxpayers who dodged the Internal Revenue Service with offshore bank accounts are rushing to meet an amnesty deadline, a government official said.


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