AIG Sues Greenberg, Says He Raided Fund
June 15, 2009 by Joseph McCafferty
American International Group is taking former CEO Maurice R. Greenberg to court, accusing him of ransacking a trust that it says was set to pay top performers.
June 15, 2009 by Joseph McCafferty
American International Group is taking former CEO Maurice R. Greenberg to court, accusing him of ransacking a trust that it says was set to pay top performers.
Second Round of Stress Tests Possible
June 9, 2009
A report to be released today by the Congressional Oversight Panel is expected to recommend a second round of “stress tests” for the country’s beleaguered bank sector.
June 9, 2009
A report to be released today by the Congressional Oversight Panel is expected to recommend a second round of “stress tests” for the country’s beleaguered bank sector.
Second Round of Stress Tests Possible
June 9, 2009
A report to be released today by the Congressional Oversight Panel is expected to recommend a second round of “stress tests” for the country’s beleaguered bank sector.
June 9, 2009
A report to be released today by the Congressional Oversight Panel is expected to recommend a second round of “stress tests” for the country’s beleaguered bank sector.
FDIC Looking to Polish Citigroup Brass
June 5, 2009
The Federal Deposit Insurance Corp aims to make some substitutions among the upper echelon of managers at Citigroup, including the replacement of chief executive Vikram Pandit.
June 5, 2009
The Federal Deposit Insurance Corp aims to make some substitutions among the upper echelon of managers at Citigroup, including the replacement of chief executive Vikram Pandit.
FDIC Looking to Polish Citigroup Brass
June 5, 2009
The Federal Deposit Insurance Corp aims to make some substitutions among the upper echelon of managers at Citigroup, including the replacement of chief executive Vikram Pandit.
June 5, 2009
The Federal Deposit Insurance Corp aims to make some substitutions among the upper echelon of managers at Citigroup, including the replacement of chief executive Vikram Pandit.
New GM Board: All the President’s Men
May 28, 2009 by Joseph McCafferty
A restructured board of directors at General Motors will be vastly under the presidential influence, as the Obama administration and other associated regulators would have control over the nominations of the vast majority of board members.
May 28, 2009 by Joseph McCafferty
A restructured board of directors at General Motors will be vastly under the presidential influence, as the Obama administration and other associated regulators would have control over the nominations of the vast majority of board members.
GM Inches to Bankruptcy
May 27, 2009
Automaker General Motors has failed to pass a bond exchange proposal that could have sustained the company’s debt, suggesting that a bankruptcy filing is just around the corner.
May 27, 2009
Automaker General Motors has failed to pass a bond exchange proposal that could have sustained the company’s debt, suggesting that a bankruptcy filing is just around the corner.
AIG to Seek Liddy Successors
May 22, 2009
American International Group said Chief Executive and Chairman Edward Liddy would step down as soon as a successor is found to take over running the bailed out insurer.
May 22, 2009
American International Group said Chief Executive and Chairman Edward Liddy would step down as soon as a successor is found to take over running the bailed out insurer.
GMAC May Receive $7 Billion from Treasury
May 21, 2009 by Joseph McCafferty
The Treasury Department is prepared to use $7 billion in bailout funds for GMAC, the General Motors Finance arm, in the first installment of a new government aid package that could total up to $14 billion.
May 21, 2009 by Joseph McCafferty
The Treasury Department is prepared to use $7 billion in bailout funds for GMAC, the General Motors Finance arm, in the first installment of a new government aid package that could total up to $14 billion.
BofA Working to Repay TARP ASAP
May 21, 2009 by Joseph McCafferty
In a surprise move, Bank of America insiders said the bailed out company plans to pay back the $45 billion in TARP funds by the end of this year.
May 21, 2009 by Joseph McCafferty
In a surprise move, Bank of America insiders said the bailed out company plans to pay back the $45 billion in TARP funds by the end of this year.
Regulators Want BofA to Update Board
May 15, 2009 by Joseph McCafferty
Regulatory pressures are mounting throughout the financial services industry, and Bank of America is no exception, with regulators pushing the big bank to rework its board to better include directors with increased experience in banking.
May 15, 2009 by Joseph McCafferty
Regulatory pressures are mounting throughout the financial services industry, and Bank of America is no exception, with regulators pushing the big bank to rework its board to better include directors with increased experience in banking.
Congress Takes AIG’s Liddy to Task
May 14, 2009 by Joseph McCafferty
U.S. lawmakers yesterday reprimanded AIG CEO Edward Liddy for not being more forthcoming about the insurance company's long-term plans to pay back American taxpayer funds.
May 14, 2009 by Joseph McCafferty
U.S. lawmakers yesterday reprimanded AIG CEO Edward Liddy for not being more forthcoming about the insurance company's long-term plans to pay back American taxpayer funds.
Liddy to Testify to Oversight Committee
May 12, 2009
AIG CEO Edward Liddy plans to testify to a U.S. House oversight committee Wednesday to discuss the future of the insurance company and defend it and its employees from recent criticism.
May 12, 2009
AIG CEO Edward Liddy plans to testify to a U.S. House oversight committee Wednesday to discuss the future of the insurance company and defend it and its employees from recent criticism.
Soros: Stimulus Having Intended Effect
May 11, 2009
Billionaire investor and economic thinker George Soros told a Frankfurt newspaper that the economy’s downward motion is easing up and that the various stimulus packages are beginning to having their intended effect.
May 11, 2009
Billionaire investor and economic thinker George Soros told a Frankfurt newspaper that the economy’s downward motion is easing up and that the various stimulus packages are beginning to having their intended effect.
JPMorgan CEO Predicts More Consolidation
May 5, 2009 by Joseph McCafferty
Though the big mergers may have already come and gone, the CEO of JPMorgan Chase foresees one or two more big bank consolidations before the recession is through.
May 5, 2009 by Joseph McCafferty
Though the big mergers may have already come and gone, the CEO of JPMorgan Chase foresees one or two more big bank consolidations before the recession is through.
BofA and Citigroup in Capital Hunt
May 4, 2009
With the “threat” of additional government funding looming, Bank of America and Citigroup are on a do-or-die mission to raise significant amounts of capital rather than face additional federal ownership.
May 4, 2009
With the “threat” of additional government funding looming, Bank of America and Citigroup are on a do-or-die mission to raise significant amounts of capital rather than face additional federal ownership.
Hedge Funds Lock Horns With Obama
May 1, 2009
Following President Barack Obama’s remarks against hedge funds yesterday, managers struck back, defending their decision making in the midst of the crisis.
May 1, 2009
Following President Barack Obama’s remarks against hedge funds yesterday, managers struck back, defending their decision making in the midst of the crisis.
Banks Score Better on Stress Tests
April 28, 2009 by Joseph McCafferty
Executives at the nation’s top largest banks are lobbying regulators to raise their already favorable scores.
April 28, 2009 by Joseph McCafferty
Executives at the nation’s top largest banks are lobbying regulators to raise their already favorable scores.
Cuomo Wants BofA-Merrill Deal Investigation
April 24, 2009 by Joseph McCafferty
New York attorney general Andrew Cuomo wants regulators to take a look at the roles played by the Treasury and Federal Reserve in pushing the merger between Bank of America and Merrill Lynch last year.
April 24, 2009 by Joseph McCafferty
New York attorney general Andrew Cuomo wants regulators to take a look at the roles played by the Treasury and Federal Reserve in pushing the merger between Bank of America and Merrill Lynch last year.
Ailing Chrysler May Get New Leadership
April 17, 2009 by Joseph McCafferty
A merger deal between Chrysler and Fiat, facilitated by the U.S. government, would almost certainly result in a clean sweep of Chrysler’s board and chief executive.
April 17, 2009 by Joseph McCafferty
A merger deal between Chrysler and Fiat, facilitated by the U.S. government, would almost certainly result in a clean sweep of Chrysler’s board and chief executive.