Four-and-a-half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me.
The U.S. government is accusing the debt rating agency Standard & Poor's of fraud for giving high ratings to risky mortgage bonds that helped bring about the financial crisis.
The Dow Jones industrial average briefly topped 14,000 on Friday morning, a milestone not seen since before the financial crisis rocked the markets and the world economy.
Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.
JPMorgan Chase's Chief Executive Jamie Dimon will get his pay cut by half because of a trading loss that cost the bank more than $6 billion last year and drew sanctions from federal regulators.
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.
The top securities regulator in Massachusetts charges that an analyst there leaked confidential information about Facebook's initial public offering.
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"articles": [
{
"uri": "/2013/04/12/jpmorgan-ceo-says-theres-work-to-do/",
"title": "JPMorgan CEO says there’s work to do",
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"summary": "JPMorgan Chase, the country's biggest bank by assets, says its first-quarter earnings soared, even as revenue fell slightly.",
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{
"uri": "/2013/02/28/after-two-days-of-big-gains-stocks-turn-mixed/",
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"summary": "The stock market on Thursday plodded rather than soared, flicking between small ups and downs after two days of triple-digit gains.",
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{
"uri": "/2013/02/28/greenberg-insists-aig-failure-wasnt-his-fault/",
"title": "Greenberg insists AIG failure wasn’t his fault",
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"summary": "Four-and-a-half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me.",
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{
"uri": "/2013/02/26/jpmorgan-to-trim-4000-jobs/",
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"summary": "JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.",
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{
"uri": "/2013/02/05/feds-sue-sp-over-pre-crisis-mortgage-ratings/",
"title": "Feds sue S&P over pre-crisis mortgage ratings",
"byline": "Christina Rexrode, Daniel Wagner",
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"prettyDate": "February 05, 2013",
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"summary": "The U.S. government is accusing the debt rating agency Standard & Poor's of fraud for giving high ratings to risky mortgage bonds that helped bring about the financial crisis.",
"body": null
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{
"uri": "/2013/02/01/dow-hits-14000-for-a-minute-anyway/",
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"summary": "The Dow Jones industrial average briefly topped 14,000 on Friday morning, a milestone not seen since before the financial crisis rocked the markets and the world economy.",
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{
"uri": "/2013/01/18/morgan-stanleys-profit-surges-stock-soars/",
"title": "Morgan Stanley’s profit surges, stock soars",
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"prettyDate": "January 18, 2013",
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"summary": "Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.",
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{
"uri": "/2013/01/16/jamie-dimon-will-get-a-pay-cut-after-trading-loss/",
"title": "Jamie Dimon will get a pay cut after trading loss",
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"summary": "JPMorgan Chase's Chief Executive Jamie Dimon will get his pay cut by half because of a trading loss that cost the bank more than $6 billion last year and drew sanctions from federal regulators.",
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{
"uri": "/2012/12/05/citigroup-to-cut-more-than-11000-jobs/",
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"summary": "Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.",
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{
"uri": "/2012/10/26/citigroup-fined-2-million-over-facebook-ipo/",
"title": "Citigroup fined $2 million over Facebook IPO",
"byline": "Christina Rexrode",
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"prettyDate": "October 26, 2012",
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"summary": "The top securities regulator in Massachusetts charges that an analyst there leaked confidential information about Facebook's initial public offering.",
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