Sep 13
In an effort to jumpstart a sluggish economy, the Federal Reserve announced new measures today that would encourage borrowing, reduce the unemployment rate and help quicken recovery from the lingering effects of the financial crisis. Fed chairman Ben Bernanke announced the plan in a press conference in which he also challenged Washington to “get serious” …
Jul 25
Sandy Weill, the former Citigroup chairman and CEO, told CNBC today that it’s time to break up the big banks to improve the country’s financial performance and safeguard against institutions that are too big to fail. “What we should probably do is go and split up investment banking from banking, have banks be deposit takers, …