Morgan Stanley’s John J. Mack told CNBC at the World Economic Forum that the firm understands why the general public is outraged over Wall Street’s big paychecks, and that the bank has taken steps to address those concerns. More
Follow Robwire.Com On Twitter
|
||||||
|
|
When some highly intelligent MIT professors invite you to breakfast to discuss, well, intelligence, it’s probably a smart idea to go along. More Day 2 of Davos, where attendees are still buzzing about President Obama’s dialed-back populism against banks. More While was President Obama was correct in saying that Wall Street needs to be held accountable for its behavior, his so-called Volcker Plan may just set the stage for another house of cards, William D. Cohan writes on the Opinionator blog. More Three mid-sized British companies are expected to be snapped up Thursday, in what would represent a 900 million pound deal spree by private equity firms, The Financial Times reported. More Reflecting the difficult financial environment for higher education, university endowments lost an average of 18.7 percent in the last fiscal year, the worst returns since the Great Depression, according to a study of hundreds of public and private institutions. More Bank of America’s chief executive, Brian Moynihan, will be paid 0,000 a year for his new job, The Wall Street Journal reported. More Citigroup is in advanced talks to sell its real estate investment business and has prepared a shortlist of final bidders, Bloomberg News reported. More Mixing cajoling with communicating, brandishing statistics or stirring emotion, Bill Clinton, the former U.S. president and U.N. special envoy for Haiti called on the Davos crowd to join the effort to rebuild the devastated island. More A bankruptcy judge on Wednesday approved a .6 million incentive program for top executives and managers of the Tribune Company, overruling objections by a union and the bankruptcy trustee that the payout was too high and unwarranted. More The well-groomed brokers and traders bent on sticking up for Wall Street gathered Wednesday on their best behavior — no chanting, no whistling, pretty much no noise — to mark the formation of the financial world’s modest alternative to a movement. More There was a sense among many in Davos that the task of rebuilding the shattered image of the financial industry was a major task that would probably outlive the immediate crisis, and might take many years. More On the eve of a Senate vote that will determine whether Ben S. Bernanke can continue as the Federal Reserve chairman, the central bank’s policy-setting committee voted to keep short-term interest rates near zero. More Samuel Huntington’s clash of civilizations has been a classic Davos theme. But if in the past the slogan has evoked images of the tumbling towers of the World Trade Center and bombs on Iraqi roadsides, this year the focus was on China. More A condo in downtown Asheville, N.C., a four-bedroom cape in Milton, N.H., and a condo in San Diego. More Ken Taylor and Julia Manheim converted an abandoned milk depot into living space and offices. More Following years of political unrest, Grenada’s real estate has risen substantially over the past 20 years. More The oil and natural gas industry is helping to pay for Oklahoma City’s restoration. More A group of Auburn University students won the design competition for a pedestrian bridge to be built at Volkswagen’s forthcoming plant in Tennessee. More The partners Tishman Speyer and BlackRock have left tenants in limbo and investors with far bigger losses. More In his State of the Union address Wednesday night, President Obama had to tackle the disappointment that has dragged down his poll numbers. More Will the president’s words affect the political stalemate? More President Obama traveled to Florida on Thursday to announce billion in rail projects that he previewed in his State of the Union address. More President Obama chastised Republicans for working against him and warned Democrats to stiffen their spines. More The president delivered a populist message with patrician restraint and tinged with a little anti-establishment zeal. More One sentence in the president’s speech captured the seeming contradiction that has frustrated his effort to shape an economic message: “Let’s invest in our people without leaving them a mountain of debt.” More The company also said that it expected to be profitable in 2010, a year sooner than previously forecast. More The latest recalls, following three in the U.S., come as the company faces renewed competition by American automakers. More |
|
||||
|
Copyright © 2012 robwire.com - All Rights Reserved Social Widgets powered by AB-WebLog.com. |
||||||
