GE Capital, the one-time pride of General Electronic, has laid off 127 more people in its Connecticut offices.

The company continues to lay off employees, and when all is said and done, GE Capital is expected to have reduced its staff by 37%, according to Layoff Tracker. Here's an expert from the blog's post:

GE Cap… Continue

The pitched battle over regulatory reform essentially boils down to two perspectives. There is the Geithner camp that argues systemic risk should be monitored and minimized when it pops up. And there is the Sheila Bair camp that says the prospect of concentrated systemic risk should be eliminated before it has a chance to surface, much in the way Teddy Roosevelt eliminated the opportunity for trusts to surface.

Whichever side you agree with (I favor Bair's) matters little, because the ultimate… Continue

When the world's financial clearinghouse says the world's banking system has gotten too complicated, then something is wrong.

But that is exactly what the Bank of International Settlements said today in its 250-page annual report/credit crisis autopsy report:

The truth is that as financial institutions grow more complex, the demands on risk management grow much more quickly. A large, integrated financial institution to… Continue

NYTimes and CNBC is reporting that Barklays is committing $4 Million (20 yr naming rights) to a Brooklyn Subway Station. Makes you think who is more desperate - a city strapped for cash or a bank that's desperate for an improved image? Then again you better be careful about what you wish for...the subways have more than a bit of a dark reputation in the Big Apple that can rub off in the wrong way. Come to think of it, you might be able to get a Metro Station right now in DC… Continue