Louise Story appears in the following:
Friday, January 23, 2009
Two of the nation's largest and most troubled banks are going through high-level personnel changes. Bank of America has taken over Merrill Lynch, and is now pushing out its chairman John Thain. And under pressure from federal regulators Citigroup has brought in a new chairman, Richard D. Parsons, who used to head up Time Warner. New York Times business reporter Louise Story joins John and Adaora to explain the high level staff shifts and what they might mean for the future of the banks.
For more, read Louise Story's article, Thain Resigns Amid Losses at Bank of America
in the New York Times.
Thursday, December 18, 2008
The profits on Wall Street are long gone. This week, Goldman Sachs, a longtime top performer, reported a quarterly loss of more than $2 BILLION, which is its first quarterly loss since going public nine years ago. While you would expect there would be no bonuses to executives at Goldman and other banks, that is not the case. Executives at banks that ran into the ground took home hundreds of millions. Now there are questions about what role those lavish bonuses played in the banks', and the economy's, collapse. Louise Story is covering this story for our partner the New York Times.
For more on this story, read Louise Story's article in the New York Times, On Wall Street, Bonuses, Not Profits, Were Real