Recently, the government’s Pay Czar, Kenneth Feinberg, “suggested” that outgoing Bank of America (BAC) CEO Ken Lewis should take home $0 in salary for 2009, and receive a bonus of e

Bank of America (BAC) CEO Ken Lewis, the Georgia State grad who hailed from small town Mississippi, finally earned his spot among the ego-driven Ivy League MBAs of Wall Street last year. He had tried

Minyan Morning Memo One to watch: Founded in a garage by two newly minted graduates during the depths of the Great Depression, Hewlett-Packard (HPQ) has come a long way and is now the bigge

Goldman Sachs (GS) made buckets of money in the second quarter and the politicians should be up on their hind legs cheering. They’re not. Earlier this week, Goldman disclosed two new investigat

New York attorney general Andrew Cuomo is getting what he wants out of his latest report on Wall Street's bonuses: lots of attention. Here's what he's not getting: Props for offering a solution to th

Appraisers just can't get it right. During the housing boom, mortgage brokers, real-estate agents, and even borrowers sought out appraisals supporting the highest possible home price. Appra

Editor's Note: The following was posted in real time on our premium Buzz & Banter (click for a free trial). It's being shared here for the benefit of the Minyanville community.This morning's New

Equity markets had their biggest rally this year after Federal Reserve Chairman Ben Bernanke outlined steps to fix the banking industry in a morning address. His remarks, delivered to the Counci

What a day it was for the market. Turnaround Tuesday definitely lived up to the hype.Citigroup (C) came out and said they had 2 profitable quarters through the first 3 months of this year; all the ba

The stock market is on a tear this morning on the heels of a statement by CEO Vikram Pandit that Citigroup (C) has a profit for the first 2 months of 2009. In a letter sent to employees Monday,