Items Tagged with 'Northern Trust Corp.'


  • House Democrats Demand TARP Funds Back

    House Committee on Financial Services Democrats, including Barney Frank, issued a letter Tuesday to the CEO of Chicago-based Northern Trust Corp. [stock NTRS][/stock], asking for a return of some of the $1,576,000,000 in TARP funds granted to the bank on Nov. 14. "We are dismayed and angered to learn that Northern Trust recently spent millions of dollars on a PGA golf tournament sponsorship and associated parties at the same time it has taken over $1.5 billion in federal stabilization funding under the Troubled Asset Relief Program," the letter read, in part.
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  • In the Buzz Bin: The R Word

    Today's buzz in most of the financial press is the dreaded "R" word - recession. Obviously, this sort of thing matters to the mortgage finance industry, too; the housing market isn't likely to recover in 2008 or even in 2009 if a recession occurs. Caroline Baum over at Bloomberg takes a look at the state of the dollar and how it will affect monetary policy:
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