Tag Archive for Consequences

Greek election sets up long, hot eurozone summer- Full story

Greek election sets up long, hot eurozone summer (via AFP) World leaders will be keenly watching fresh elections in Greece next Sunday that could herald its exit from the eurozone, with potentially dire consequences for Europe and the global economy. “Events in Greece could trigger financial fright in Spain, Italy, and across the eurozone, pushing…

What to expect from JPMorgan’s shareholder meeting tomorrow | Marketplace Audio

David Brancaccio: The head of JPMorgan Chase, fresh from the disclosure that his traders lost at least $2 billion on a collossal bet-gone-wrong, is expected to have a difficult meeting with shareholders. As it happens, the bank’s annual meeting is tomorrow in Tampa, Fla. And joining me live for some context is Marketplace’s New York…

Dallas Fed Urges Removal of CEOs of Bailed-Out Banks – Businessweek

Slide presentation from Dallas Fed – EXCELLENT! The Federal Reserve Bank of Dallas said taxpayer aid to failing banks should come only after the voiding of all employment and bonus contracts and the removal of chief executive officers and boards of directors. “A set of harsh, non-negotiable consequences” for requesting U.S. Treasury assistance might also include…