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Bank of America’s executives won’t be seeing anything in the way of huge bonuses

Bank of America’s executives won’t be seeing anything in the way of huge bonuses

Kenneth Feinberg is the pay czar that is in charge of how the banks that took bailout money are running. When Bank of America proposed to cut pay for its top executives and top paid employees, he gave his own proposal in which he insisted …

Why some banks are profiting in the recession

Why some banks are profiting in the recession

Some of the country’s largest banks are posting unexpected and large profits. Why is it when the consumers of the nation are hurting that some banks are doing so well? After all, on Thursday JPMorgan announced a $2.7 billion second quarter profit, Goldman Sachs — …

The Dow is back above 7000 at the end of trading today

After an awful week on Wall Street last week, this one has been pretty good(so far) and been fueled by news from Citi that it operated at a profit for the first quarter and other news out of Washington about federal money headed to financial …