Most Banks Pass ‘Stress Tests’Even accounting for the worst possible scenarios, most of the nineteen financial institutions analyzed by the government seem to be capitalized well enough to survive.
Citigroup Posts $2.5 Billion LossA lot of big news at the banks today — but there’s also crazy stuff going down with Jeff Zucker, Dan Rather, Brooke Astor (from beyond!), and Barack Obama, in our daily industry roundup.
company town
JPMorgan Chase Profits Fall 53 PercentBut they did better than analysts predicted. That, plus the latest on Hamptons real-estate prices, Condé Nast’s upper echelons, and the “You go girl!” spinner, in our daily industry roundup.