bankers

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Cabbies Among First to See Ripples of Wall Street's Pain

Crashing markets mean fewer fares, smaller tips

(Newser) - New York cabbies will tell you that their jobs are indicative of overall health of the economy—so they’re getting hammered right now. New York looks at one driver’s experience with the bubble-and-bust of recent years, with the halcyon days of bankers tossing him $40 for a $2....

New 'Top-Dog' Careers for Out-of-Work Bankers

I-banking may be dead, but opportunities are out there

(Newser) - Now that the investment-banking party is over, what are all those hotshot bankers going to do? Bloomberg's Matthew Lynn takes a look at potential new "top-dog" careers:
  • African development. The pioneers who nurture African nations’ industry and infrastructure will be rewarded by the continent’s mineral resources and huge
...

NY Billionaire Guilty on Hooker Charges

Epstein starts jail term for hiring teen, who serves him with suit

(Newser) - Manhattan banker and billionaire Jeffrey Epstein pleaded guilty in Florida today to hiring an underage prostitute, and began serving an 18-month sentence. A year of house arrest and a life on the national sex offender list will follow. "They will be tracking you for the rest of your life,...

Mortgage Biz Battles Fed Reforms
Mortgage Biz Battles Fed Reforms
Apr 28, 2008 7:05 AM CDT

Mortgage Biz Battles Fed Reforms

Rules would limit credit for worthy borrowers, bankers say

(Newser) - As the Federal Reserve moves toward stricter lending rules, mortgage providers are firing back, calling the rules too broad and arguing that they could limit loans to borrowers who don't have credit problems, the New York Times reports. Regulation, bankers say, could raise the price of mortgages by increasing paperwork...

London Bankers Drown Sorrows at Easter

As Bank of England mulls a bailout, bankers of England swill pints

(Newser) - As the Bank of England mulled injecting billions more into the nation's shaky financial system, bankers in the city of London swilled pints and reflected on their state of affairs, reports the Independent. "We are meant to be at work but we've come here for some solace," said...

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