Skip to main content

Opening Bell: 06.18.09

  • Author:
  • Updated:

Bailout Bonus At Bank of America (NYP)
"Well-regarded" investment bank vice-chairman Fares Noujaim and "well-connected" West coast banker Harry McMahon were both offered millions to stay at BofA. People (the Post) are upset about this.
Sir Fred Goodwin bows to pressure (Times Online)
Perhaps to avoid having the windows of his car/house smashed in again, the ex-RBS chief "has agreed that his annual pension be cut from £703,000 to £342,500."
Insurance Fraud Sends Cash To North Korea (Washington Post)
"For Kim Jong Il's birthday, North Korean insurance managers prepared a special gift. In Singapore, they stuffed $20 million in cash into two heavy-duty bags and sent them, via Beijing, to their leader in Pyongyang, said Kim Kwang Jin, who worked as a manager for Korea National Insurance Corp., a state-owned monopoly. "
Barbarians In Bankruptcy Court (WSJ)
"Wall Street has a favorite new spot for the power lunch: bankruptcy court."
JPMorgan's Lee sees S&P 500 retest of '07 record (Reuters)
"The benchmark S&P 500 index .SPX should surge back to its October 2007 record above 1,500 by the end of 2012, provided the U.S. economy sees a V-shaped recovery," JPMorgan Chase Chief U.S. Equity Strategist Thomas Lee said on Wednesday.
Sheila's Bair-ly There (NYP)
Not so down with She-Bair? Then you'll love Obama's regulatory changes.
Jim Chanos: "I'm worried we're erecting another Maginot Line" (CBC)


Getty Images

Opening Bell: 9.7.16

Buffett is back; Blackrock warns on climate change; Short-sellers look for targets of hack attacks; Man arrested for driving car with frying pan instead of steering wheel; and more.