Feinberg Faults Banks for $1.6 Billion in Bonuses
Citigroup and Goldman Sachs are among the 17 companies that the special master for executive pay is expected to spotlight for making lavish payouts during the financial crisis.
View ArticleEllison Tops Diller on C.E.O. Pay List
Larry Ellison, the founder and chief executive of Oracle, topped a list of the highest-paid chief executives over the past decade, according to a study by The Wall Street Journal.
View ArticleFed’s Clash With Bank of America Raises Questions
The Federal Reserve denied Bank of America’s request to raise its dividend. Other banks did not reveal their plans for buying bank stock or increasing their dividends.
View ArticleCapital One to Buy ING’s Online Bank for $9 Billion
Capital One Financial will buy ING Group's online banking business in the United States for about $9 billion in cash and stock, in an effort to bolster its banking operations.
View ArticleDespite a Spurt of Banking Deals, Pace Ahead Looks Slow
"Too small to succeed" is expected to drive consolidation in the industry, but many bank buyers are choosing to wait.
View ArticleHSBC in Talks to Sell Credit Card Portfolio
The bank confirms negotiations, and a deal with Capital One Financial for the $30 billion portfolio is said to be near.
View ArticleCapital One to Buy HSBC’s U.S. Card Unit for $2.6 Billion
The deal will bolster Capital One's portfolio of credit card loans, while allowing HSBC to further slim down its consumer banking operations in the United States.
View ArticleFrank Questions Capital One’s Deal For ING Online Bank
Representative Barney Frank of Massachusetts called on the Federal Reserve to hold public hearings to examine the possible deal's impact on consumers and the economy.
View ArticleIn Fed’s Move on Capital One Deal, a Test of Dodd-Frank
The Federal Reserve must weigh in on Capital One’s proposed purchase of ING Direct, and it could have a broad impact on what Dodd-Frank means for the nation’s biggest banks.
View ArticleIn Irene’s Wake, Banks Make Adjustments
JPMorgan Chase says it will waive A.T.M. fees for those in hurricane-affected areas through Sept. 4, while Bank of America deploys mobile A.T.M.'s.
View ArticleAssailed for Subprime Loans, Capital One Defends ING Deal
Two contrasting images of Capital One -- subprime credit card company or benevolent bank -- were presented at a hearing on its planned acquisition of ING Direct.
View ArticleCapital One’s Deal for ING Direct Still in Limbo
The Federal Reserve has again declined to announce a decision on the fate of Capital One’s $9 billion takeover of ING Direct USA, the second delay in the last week.
View ArticleFed Clears Capital One’s Deal for ING Direct
But the Federal Reserve, in its ruling on the Capital One Deal, acknowledged that the acquisition of ING Direct USA may pose some risks to the broader financial system.
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