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1000outofits12,000workforce.

SovereignBancorpwillbesoldtoSpanishbankBancoSantanderSA.soon

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SECChairmanChristopherCoxacknowledgedtherewere“multiplefailures”attheSECforthelargestPonziSchemeinUShistory.Healsoblamedhisagencyregulatorsforadecade-longfailuretoinvestigateMadoffandtoavoidtheschemeearlier.Sohestartedtopushtheresponsibilitytoothers.PeoplerevealedthatMadoff’sniecewasmarriedtoaformerhigh-rankingSECattorneynamedEricSwanson.Couldthisexplainwhytheschemecanlastsolong?Whenpeopletalke...[阅读全文]
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2.8percentofitsworkforce36,208[阅读全文]
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Let’sseewhatGSandMS‘searningreportforthe4thquarterof2008:GS:aworse-than-expectednetlossof$2.12billion/$4.97asharecomparedtoaprofitof$3.22billion/$7.01ashareoneyearago;Firstlosesincebecomingapubliccompanyin1999MS:agreater-than-expectedlossof$2.37billion/$2.34pershareHowisGSbitedsohard:SlowdowninmergersandacquisitionsUnderwritingbusinessTradingandprincipalinvestmentsbusinessFixed-income,currenci...[阅读全文]
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Fromtoday'sinterestratecutnews,seeFedcutstargetforkeyratetorecordlow.WeseetheFedfeelpanicandstartaggressivepolicytheyshouldadopt1yearago!Thefederalrateisinarangeof0to0.25percentnow,whichisthelowestinrecord!BenBernankewilluse"allavailabletools"or"avarietyofunconventionalmethods"todrivethebanktoloanmoneySowill"allavailabletools"preventthefreefallofUSmarket?Idon'tthink...[阅读全文]
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FromnewsAllegedMadofffraudhasworldwideexposureUSisalwaysproudoftheirpoliticandfinancesystem,andtryingtomarketthemaroundtheworldinthepastcentury.Let’sseehowthe$50billionPonzischemecreatedbyMadoff,whowascalled“wellrespectedininvestmentcommunity”inUSnewspapers,lastmorethan40yearsinonemodernizedsocietyregulatedbyallkindsoflaws.Whoshouldweblamefor--Madoff,theSEC,orthesystem?Firstlet’strytoseethel...[阅读全文]
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Ithired44,000globally.[阅读全文]
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Thejobcutsamountsto10percentofitstotalworkforce![阅读全文]
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Fromtoday'snew,Fedmullsinterestratecut,maybetoall-timelowWhatpercentagewilltheFedtherate:0.5percent,three-quarters,orevenmore?Markethaspricedinatleasthalf-pointcut.Itwillbethelowestonrecordssinceitistrackedin1954Astotheprimerate,nowisat4percent,anditwillbe3percenteventually.Itisgoodorbadtoencouragepeopletospendbyborrowingmoneyatamuchlowerrate?What’sotherchoiceoftheFed:A)$700Bfinancebailout,inje...[阅读全文]
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下周主要大事如下:BushAdminwillpullmoneyfrom700BfinancebailoutforcarmakersFedwillmeetonMondayandTuesdayagaintolower0.5pointinterestmarketiswaiting.Thesurvivors--GSandMSwhosurvivedthroughforbiddingshortstemporarilybySECandconvertedtobankholdingcompanysothattheycouldspendtaxpayer'smoneylawfully,willreportlossincomingweek.我的读解125BisthenumberGMwanttoseek,but15Bisjustonewarm-up!!Bernakehasnobulle...[阅读全文]
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