Mary Schapiro is joining the consulting firm Promontory and says she won't lobby government officials on her clients' behalf. What will she do?
FORTUNE -- On Tuesday, the bank consulting firm Promontory Financial Group announced that it had hired Mary Schapiro, who stepped down as the head of the head of SEC four months ago.
Schapiro is a particularly high-profile hire for the firm, but she's among many there who are former MOREStephen Gandel, senior editor - Apr 2, 2013 2:51 PM ET
A study by a Princeton University economics professor letting Wall Streeters off the hook for the financial crisis has a dubious premise.
FORTUNE -- If you believed poor mortgage lending and worthless securities were about to cause the biggest housing bust in American history, would you buy a house? I guess not.
That's the somewhat flimsy premise of a recent study by one Princeton economics professor and two others from the University MOREStephen Gandel, senior editor - Apr 1, 2013 1:22 PM ET
How the Oracle of Omaha turned an 18% rise in Goldman's shares into a 64% return for Berkshire Hathaway shareholders.
FORTUNE -- We knew Goldman Sachs was wounded in the financial crisis. It may have been in more trouble than is understood.
That's the sense you get from Warren Buffett's recently inked deal to turn the warrants Berkshire Hathaway received as part of its $5 billion investment in Goldman (GS) at the MOREStephen Gandel, senior editor - Mar 28, 2013 7:30 AM ET
Amidst the Fed's efforts to boost the economy and hot market for risky debt, CFOs say bring on the downgrades.
FORTUNE -- More and more execs don't mind being junk.
Earlier this year, executives at CenturyLink (CTL), one of the nation's largest telecommunications companies, faced a decision. Pay down the company's debt and bolster its credit rating, or use CenturyLink's cash to buy back shares, issue more debt and pretty much ensure MOREStephen Gandel, senior editor - Mar 25, 2013 12:52 PM ET
Proposed limits on banker bonuses would cause the slow death of what continues to be - despite overregulation and higher taxes - a very profitable industry for Europe.
By Cyrus Sanati
FORTUNE -- The European Union and Switzerland would be wise to rethink recently proposed policies restricting bonus payouts. The new rules, which cap bonuses for banking employees in the EU and for all employees of publicly-traded companies in Switzerland, could MOREMar 5, 2013 11:31 AM ET
New York City bean counters would like you to believe that Wall Street bonuses have plummeted since 2006. In fact, the reality is much different, at least for those who are left in the industry.
By Cyrus Sanati
FORTUNE -- Wall Street compensation may look shoddy compared to the boom years, but it's really not as bad as the numbers suggest. Estimates released Tuesday by New York State show bonus payouts MOREFeb 28, 2013 8:34 AM ET
FORTUNE -- At JPMorgan Chase's annual investor day on Tuesday, CEO Jamie Dimon answered one analyst's question by saying, "That's why I'm richer than you."
Zing. The line got a bunch of laughs. And it quickly became a headline for articles recounting the Q and lack of A between Dimon and the Credit Agricole analyst Mike Mayo, who has the reputation of being one of the few analysts to be tough MOREStephen Gandel, senior editor - Feb 27, 2013 5:32 PM ET
A year ago CEO Jamie Dimon was still talking growth for his mega-bank.
Update: 2/27/13, 10:30 AM.
FORTUNE -- An encounter with a whale can really change a fella.
A year ago, at JPMorgan's investor day, CEO Jamie Dimon said he believed his mega-bank was still too small. He said his firm would continue hiring and opening branches, even as the economy remained slow.
This year, it appears Dimon's tune has changed.
JPMorgan Chase (JPM) MOREStephen Gandel, senior editor - Feb 26, 2013 12:28 PM ET
With one year left, Goldman Sachs looks like it will come up woefully short of producing a big payout for its CEO and other executives.
FORTUNE -- Lloyd Blankfein may soon have to walk away from a $10 million payday.
Two years ago, Goldman Sachs set up a special bonus plan for its CEO and four other top executives that would produce an eight figure payout should the firm hit specific profit MOREStephen Gandel, senior editor - Feb 12, 2013 1:57 PM ET
Economist at JPMorgan says big banks aren't the reason why lending hasn't recovered faster. He's wrong.
FORTUNE -- Apparently, Wall Street still hasn't learned that those who live in glass houses shouldn't throw stones. Particularly when said glass house can be seen from space. And it's protected by the government.
This week, an economist in JPMorgan Chase's (JPM) asset management unit, Michael Cembalest, took a look at why lending hasn't rebounded faster MOREStephen Gandel, senior editor - Jan 31, 2013 2:13 PM ET
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