Obama: ‘Most Ambitious Overhaul Since the Great Depression’
September 15, 2009
Text from President Obama's address to Wall Street on the financial crisis and the regulatory response.
September 15, 2009
Text from President Obama's address to Wall Street on the financial crisis and the regulatory response.
Cuomo Scrutinizes BofA’s Firing of GC
September 9, 2009
New York’s Attorney General Andrew Cuomo and other federal investigators are examining why the bank’s executives did not tell shareholders about billions of dollars worth of bonuses as well as huge losses at Merrill Lynch before the deal.
September 9, 2009
New York’s Attorney General Andrew Cuomo and other federal investigators are examining why the bank’s executives did not tell shareholders about billions of dollars worth of bonuses as well as huge losses at Merrill Lynch before the deal.
Obama’s Corporate Governance Agenda
August 17, 2009 by Judy Warner
The SEC voted to approve an NYSE proposal to eliminate broker discretionary voting for all elections of directors, whether contested or not.
August 17, 2009 by Judy Warner
The SEC voted to approve an NYSE proposal to eliminate broker discretionary voting for all elections of directors, whether contested or not.
The First TARP Bankruptcy
July 17, 2009 by Joseph McCafferty
Bankruptcy for CIT Group Inc. is more likely after denial for additional relief from the Federal Reserve, Treasury, and FDIC.
July 17, 2009 by Joseph McCafferty
Bankruptcy for CIT Group Inc. is more likely after denial for additional relief from the Federal Reserve, Treasury, and FDIC.
Madoff’s Accountant Waives Indictment
July 16, 2009 by Joseph McCafferty
Bernard L. Madoff’s accountant, David G. Friehling, agreed to waive an indictment, a move that result in him pleading guilty in an investigation into the multibillion-dollar fraud.
July 16, 2009 by Joseph McCafferty
Bernard L. Madoff’s accountant, David G. Friehling, agreed to waive an indictment, a move that result in him pleading guilty in an investigation into the multibillion-dollar fraud.
Fed Leans on BofA to Recast its Board
July 16, 2009 by Joseph McCafferty
Bank of America has been placed under a regulatory sanction that requires the firm to redesign both its board and its policies towards risk and liquidity.
July 16, 2009 by Joseph McCafferty
Bank of America has been placed under a regulatory sanction that requires the firm to redesign both its board and its policies towards risk and liquidity.
JPMorgan ‘Back to Playing Hardball’
July 15, 2009
After repaying the U.S. government $25 billion, JPMorgan Chase is adamantly fighting the government’s proposed legislation on derivatives and telling the Treasury Department it is fed up with the value of warrants that the government holds in the company.
July 15, 2009
After repaying the U.S. government $25 billion, JPMorgan Chase is adamantly fighting the government’s proposed legislation on derivatives and telling the Treasury Department it is fed up with the value of warrants that the government holds in the company.
Six Months In, Rattner Leaves Auto Czar Post
July 14, 2009 by Joseph McCafferty
Steven Rattner, chief architect of the bailouts of General Motors and Chrysler, is leaving the Obama administration after less than six months serving as auto czar.
July 14, 2009 by Joseph McCafferty
Steven Rattner, chief architect of the bailouts of General Motors and Chrysler, is leaving the Obama administration after less than six months serving as auto czar.
DoJ Investigating Credit-Default Swaps
July 14, 2009
The Justice Department is looking into the credit-default swaps market that was so integral to the disintegration of Wall Street last year.
July 14, 2009
The Justice Department is looking into the credit-default swaps market that was so integral to the disintegration of Wall Street last year.
UBS in Talks with U.S. on Tax Case
July 13, 2009 by Joseph McCafferty
UBS and the governments of the U.S. and Switzerland are in talks to settle a major tax-evasion case that could require the Swiss bank to reveal some of the 52,000 account-holder names the U.S. has brought.
July 13, 2009 by Joseph McCafferty
UBS and the governments of the U.S. and Switzerland are in talks to settle a major tax-evasion case that could require the Swiss bank to reveal some of the 52,000 account-holder names the U.S. has brought.
Madoff’s Trustees Gets $15.5M
July 13, 2009 by Joseph McCafferty
Baker & Hostetler and partner Irving Picard, who was appointed trustee of the Madoff firm last year, asked a bankruptcy judge to approve nearly $15.5 million in fees for its work in the case.
July 13, 2009 by Joseph McCafferty
Baker & Hostetler and partner Irving Picard, who was appointed trustee of the Madoff firm last year, asked a bankruptcy judge to approve nearly $15.5 million in fees for its work in the case.
Geithner: Growth Through Risk
July 13, 2009
The economy is set for a turnaround, says Treasury Secretary Timothy Geithner, but there are still significant risks to face down.
July 13, 2009
The economy is set for a turnaround, says Treasury Secretary Timothy Geithner, but there are still significant risks to face down.
DoJ Looking Into Telecom Antitrust
July 7, 2009 by Joseph McCafferty
The Department of Justice is conducting a review of a potential antitrust law violation on the part of the telecommunications industry, questioning whether some companies are abusing their market power.
July 7, 2009 by Joseph McCafferty
The Department of Justice is conducting a review of a potential antitrust law violation on the part of the telecommunications industry, questioning whether some companies are abusing their market power.
GM to Unveil a Leaner, Greener Company
July 7, 2009 by Joseph McCafferty
General Motors CEO Frederick “Fritz” Henderson plans to introduce a greener, more customer-focused company with a leaner management team.
July 7, 2009 by Joseph McCafferty
General Motors CEO Frederick “Fritz” Henderson plans to introduce a greener, more customer-focused company with a leaner management team.
UBS Must Release Names of Tax Evaders
July 1, 2009
The Justice Department said Swiss bank UBS has “systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans in evading taxes and must reveal the identities of 52,000 of those clients.
July 1, 2009
The Justice Department said Swiss bank UBS has “systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans in evading taxes and must reveal the identities of 52,000 of those clients.
Financial Firms Trim Lobbyist Spending
July 1, 2009 by Joseph McCafferty
U.S. financial firms have made cuts to their administrative lobbying budgets, having spent $104.7 million in the first three months of the year, down 8 percent from the same three months in 2008.
July 1, 2009 by Joseph McCafferty
U.S. financial firms have made cuts to their administrative lobbying budgets, having spent $104.7 million in the first three months of the year, down 8 percent from the same three months in 2008.
China Calls for New Global Currency
June 26, 2009
The People’s Bank of China renewed its call for a new global currency today, calling for the International Monetary Fund (IMF) to manage more of its members’ foreign-exchange reserves.
June 26, 2009
The People’s Bank of China renewed its call for a new global currency today, calling for the International Monetary Fund (IMF) to manage more of its members’ foreign-exchange reserves.
AIG Looks to Spin Off Two Units
June 25, 2009 by Joseph McCafferty
AIG announced today that it will reduce its federal debt by $25 billion through the offering of preferred stakes in two units it plans on spinning off.
June 25, 2009 by Joseph McCafferty
AIG announced today that it will reduce its federal debt by $25 billion through the offering of preferred stakes in two units it plans on spinning off.
Fed Prepares to Deliver Economic Prognosis
June 24, 2009
The Federal Reserve resumed a two-day meeting today that is expected to end with a statement emphasizing the U.S. economy’s delicate state.
June 24, 2009
The Federal Reserve resumed a two-day meeting today that is expected to end with a statement emphasizing the U.S. economy’s delicate state.
The Oracle of Goldman?
June 23, 2009
Warren Buffett and his company Berkshire Hathaway Inc. are expected to maintain their $5 billion investment in Goldman Sachs Group Inc. until at least 2011.
June 23, 2009
Warren Buffett and his company Berkshire Hathaway Inc. are expected to maintain their $5 billion investment in Goldman Sachs Group Inc. until at least 2011.