Weekly Review Quiz as of 2009-08-06 Finance

Bank Bonus Tab: $33 Billion by Susanne Craig and Deborah Solomon 07/31/2009 http://online.wsj.com/article/SB124896891815094085.html

1. Which of the following statements about nine banks that received government aid is INCORRECT? a) nearly 5000 of their employees received bonuses of more than $1 million last year b) they paid $32.6 billion in bonuses last year c) they received $125 billion in TARP funds d) they had combined losses of $100 billion last year * e) all of the above are correct (none are incorrect)

New Cash Steered to Clunkers by Neil King Jr. and Andrew Grossman 08/01/2009 http://online.wsj.com/article/SB124903908261696593.html

2. On Friday, July 31, the House approved moving $2 billion in stimulus spending into what popular program? a) national park restoration program b) rails to trails c) student loans * d) cash for clunkers e) TARP

Bank Spy Scandal Widens by David Crawford and Matthew Karnitschnig 08/03/2009 http://online.wsj.com/article/SB124925060899599929.html

3. A detective at the center of a bank’s spying affair says the international banking giant's effort to monitor its critics was more extensive than previously disclosed in that it involved a plan to target as many as 20 people, including a number of investors. Which bank is involved? a) UBS * b) Deutsche Bank AG c) Mitsubishi UFJ Financial d) Barclay’s Bank PLC e) Citigroup BofA Hit by Fine Over Merrill by Dan Fitzpatrick and Kara Scannell 08/04/2009 http://online.wsj.com/article/SB124931920883302049.html

4. Bank of America has agreed to pay $33 million to the SEC to settle a civil lawsuit alleging that it mislead investors during its acquisition of a) Lehman Brothers * b) Merrill Lynch c) Wachovia d) Bear Stearns e) Countrywide Financial

Schmidt Resigns His Seat on Apple's Board by Jessica E. Vascellaro and Yukari Iwatani Kane 08/04/2009 http://online.wsj.com/article/SB124930285423801287.html

5. Google Inc. Chief Executive Eric Schmidt resigned from which company’s board as the company face regulatory scrutiny over their board ties and as their businesses increasingly overlap?

* a) Apple b) IBM c) Dell d) Microsoft e) HP