Risk-taking returns for banks a year after crisis
Goldman Sachs, JPMorgan Chase and others once more bet heavily on bonds and exotic products, after receiving federal aid. Banks have grown bigger and take on risk amid limited regulatory changes, counterparty risk concerns, and government backstops set to wind down. Profitability rebounds with trading-driven revenue, while compensation remains high and lobbyists resist new rules.
MENTIONED IN THIS ARTICLE
Stevenson Jacobs
New York
Goldman Sachs
Jpmorgan Chase
Wall Street
Lehman Brothers
Lawrence Summers
White House National Economic Council
Vssible
Anks
Simon Johnson
International Monetary Fund
Obama
Treasury
Timothy Geithner
Group of 20 Nations
Pittsburgh
Geithner
Goldman
JP Morgan
Federal Reserve
Treasury Department
Federal Deposit Insurance Corp
U.S
Bear Stearns
Jpmorgan
Merrill Lynch
Bank of America
Wells Fargo
Citigroup
Fannie Mae
Freddie Mac
Inside Mortgage Finance
Johnson
Massachusetts Institute of Technology
Sloan School of Management
Washington
Fraunces Tavern
New York Stock Exchange
Damon Testaverde
Morgan Stanley
Walter Bailey
EpiGroup
Vikram Pandit
Lloyd Blankfein
Germany
Congress
SEC
Morningstar
Timothy Brog
Reader's Digest stays upbeat despite bankruptcy filing
Reader's Digest editor in chief Peggy Northrop says the magazine remains optimistic and business as usual after Reader's Digest Association filed for Chapter 11. Despite declines in circulation from 15 million to about 8.2 million, the publication sees growth online and plans a rapid digest version and potential widgets to spread the brand.
MENTIONED IN THIS ARTICLE
Andrew Vanacore
New York
Reader’s Digest
Peggy Northrop
Reader’s Digest Association Inc
Associated Press
Northop
U.S
comScore
Amazon
Northrop
Information Bureau
Anita Renfroe
Atlanta
Tiffany
Vogue
Vanity Fair
Hal Mandel
Kentucky
Mandel
Rick Edmonds
Poynter Institute
Conde Nast
Empire
McKinsey & Co
Reader’s Digest Association
Ripplewood Holdings LLC
Manhattan
Amazon.com
Ripplewood
Reed Phillips
DeSilva & Phillips
JP Morgan Chase
GE Capital
Merrill Lynch
Reader's Digest
Rachael Ray Launches 64 Charity Pet Contest Big Prize
Rachael Ray plans a March Madness style contest named Matt Madness to award $200,000 to pet charities. Sixty four groups enter via www.rachaelray.com/muttmadness by Sept 30, with rounds online voting. Top entries receive $1,000 each, later winners gain more, culminating in $50,000 for the winner and $25,000 for second.
MENTIONED IN THIS ARTICLE
Sue Manning
Associated Press
LOS Angeles
Rachael Ray
Ray
Rachaelray.com
Food Network
Ainsworth Pet Nutrition Company
Also Mentioned on This Page
Cape Adieu
Ceduna
Australia
Andrew Brooks
Reader's Digest Magazine
Clearfield
Curwensville
Grampian
Curry Creek
Brockway
Pam Mulhollem
United Way