MoneyRates Blog

Bank Pay at Bailed-Out Banks Slashed by Half

October 22, 2009

Pay for top executives at bailed-out banks and financial institutions, including Bank of America, Citigroup, and GMAC, has been cut in half by the Treasury’s compensation regulator, Kenneth Feinberg.
Banks that have already paid back bail-out funds, including JPMorgan and Goldman Sachs, will not be affected by the Treasury’s orders.
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Bank Rates Likely to Get Better

May 7, 2009

Rates on bank deposits are set to go higher if the recent statements of leading economists and the Federal Reserve Chairman are to be believed. The economy is still mired in recession, but the pace of contraction has decreased. Any hints of economic growth, when combined with the enormous amount of money flooded into the [...]

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