
Leaner times will hit fee vultures
Treasury wants to protect savings — and some market leaders are responding favourably.
Treasury wants to protect savings — and some market leaders are responding favourably.
The political turmoil aside, there are positive signs that the country is heading for better times.
The head of the Wall Street investment bank Merrill Lynch was on Monday night negotiating a severance package tipped to be as high as -million after a risky strategy of betting billions on American mortgage-backed securities came disastrously unstuck.