Today's economic chaos is paralyzing many managers with fear. But as Jobs, Buffett, and other business champions keep showing us, risking failure is your only hope. Here's what business courage means now. By Geoff ColvinAug 30, 2011 5:00 AM ET
No one's calling it a boom, but big business is back to mining for talent among recent graduates. By Josh DawseyJul 5, 2011 5:00 AM ET
The bank's proposed $8.5 billion settlement with investors will not lead to a financial restatement, so executives will not likely be required to give back their bonuses. By Eleanor BloxhamJul 1, 2011 9:44 AM ET
There are significant risks when banks originate loans that they don't want to keep on their books. So why do banks persist with securitizing and selling off their loans?
By Eleanor Bloxham, contributor
There's a battle going on that goes to the heart of the financial crisis and the way banks will operate going forward. And it all comes down to risk.
Wells Fargo's (WFC) John Gibbons says banks should retain at least MOREJan 11, 2011 5:00 AM ET
I get a lot of crud in my inbox, and I'm sure you do too. But every now and then you see a new generation of sludge beginning to creep in, evidence that somebody in the world, probably Nigeria, is on the job re-thinking the technology of scamming. This morning, as I was considering the question of whether Bank of America should have apologized for stealing a mortgagee's parrot, I MOREBing - Mar 11, 2010 9:22 AM ET
Okay, now. Imagine you are Ken Lewis, who yesterday announced his decision to take early retirement from his position at Bank of America. No, go ahead. Take a deep breath and put yourself in his shoes. Nice shoes, huh? Sure. That comes with the job. Hey. Get your mind off your wing-tips and pay attention. You want to understand why Ken walked? Look at it this way:
Choice #1: Everybody is MOREBing - Oct 1, 2009 11:24 AM ET
Sometimes you just don't know what to think.
On the one hand, there's Michael Moore's new movie, Capitalism: A Love Story, which takes an outraged look at the havoc that the financial crisis has caused on your basic, working (or now non-working) American citizen. Yeah, I know, a lot of you folks would drop Mr. Moore off a mountain made of his own money if you had the chance. But the MOREBing - Sep 24, 2009 12:55 PM ET
The New York Times comes out strongly today for limiting the Constitutional rights of corporations. "What constitutional rights should corporations have?" the editors ask, and then, as editors will, they answer their own question: "To us, as well as many legal scholars, former justices and, indeed, drafters of the Constitution, the answer is that their rights should be quite limited — far less than those of people."
I think this is MOREBing - Sep 22, 2009 10:39 AM ET
Perhaps you guys can help me understand something.
Word comes today from a most credible source that the failure of smaller banks may soon lead to more consolidation and mergers in the banking industry. One analyst told the New York Times that 200 to 300 small banks might fail in the near future, and be forced into mergers, presumably with larger entities.
This is a solution?
Didn't we just see what happened to Citigroup MOREBing - Jan 23, 2009 12:11 PM ET
In the huge Bank of America (BAC) fiasco/bailout/tailspin, there are a lot of people at whom it would be tempting to wave a wobbly finger. Ken Lewis is taking a lot of heat, and it's not hard to see why. His decision to purchase Merrill Lynch back last fall is looking like the ultimate investment in a money pit.
This morning it was revealed that during the last quarter of 2008, MOREBing - Jan 16, 2009 12:43 PM ET
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