If women ran Wall Street, Treasury Secretary Timothy Geithner’s job cleaning up the bloodied financial markets might not be so tough. In opening a Women in Finance Symposium that brought together top female government figures such as Sheila Bair and …
The Obama administration’s pay czar Tuesday slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits. Kenneth Feinberg, a Washington lawyer who …
The Obama administration’s pay czar said his attempts to renegotiate valid pay contracts at bailed-out companies, particularly insurer AIG, has been a “unique challenge,” according to testimony released Wednesday. Kenneth Feinberg, a Washington lawyer appointed by President Barack Obama last …
A watchdog senator Friday asked the Obama administration pay czar to explain why a top AIG executive stands to get a multi-million dollar severance package. Sen. Chuck Grassley sent a letter to pay czar Kenneth Feinberg asking him to explain …
The U.S. pay czar said Monday that he will determine “in the near future” how he will use his power to claw back pay at companies that have taken bailout money but is not currently in negotiations to do so. …
Credit agencies will have to disclose more of their ratings history, and creators of financial products will have to share data with all credit raters, under rules adopted by U.S. regulators Thursday. The U.S. Securities and Exchange Commission approved those …
U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said Thursday. At a Senate Banking …
The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe’s financial stability was at stake in the rescue of the insurer. The identity of those being …
The Federal Deposit Insurance Corp.’s powers could be expanded if Congress decides to shift insurance companies from state regulation to federal regulation, FDIC Chairman Sheila Bair said Wednesday. Bair said the FDIC could start providing guarantees for insurance companies, much …
The Securities and Exchange Commission should get more power to police credit derivatives even though it failed to use its existing authority to rein in risky behavior that contributed to a global financial crisis, a former SEC chief told Congress …
