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Ex-Bear Stearns manager wins email ruling
NEW YORK (Reuters) - Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a "blow up risk" for investors.
Activities:Bear Stearns Collapse Global Financial Crisis Source:(Reuters)
2009-10-26
Administration plans big pay cuts at bailout firms
WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
Activities:2008 U.S. Financial Rescue Source:(AP)
2009-10-21
Economy recovering in many areas, but not others
WASHINGTON - The Midwest is starting to see a comeback in manufacturing and technology. Home sales are rising in parts of the Northeast. But states like Florida, Nevada and California, still suffering from the housing bust, remain depressed.
Nations:U.S. People:Ben Bernanke Activities:2008 U.S. Recession
2009-10-21
Washington wary of opposing Wall Street bonuses: experts
WASHINGTON (AFP) - In the wake of landmark profits posted by the US banking industry last week, Washington will seek to strike a delicate balance toward massive bonuses expected to be paid out by Wall Street, experts said.
People:Rahm Emanuel Barack Obama Source:(AFP)
2009-10-19
Bank of America loses $2.24B as loan losses rise
CHARLOTTE, N.C. - Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.
Activities:Merrill Lynch Sales
2009-10-16
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