Reauthorization of the U.S. Export-Import Bank was left off a list of items that the No. 2 Republican in the House of Representatives expects his party to take up in September, raising new questions about the bank’s future. The charter …
The largest and riskiest U.S. financial firms could be forced to hold up to twice as much capital as called for in the international Basel III accord, under one plan the Federal Reserve is considering. Fed Governor Daniel Tarullo said …
Federal Reserve officials Tuesday launched a vigorous defense of their dealings with American International Group, calling for a congressional audit and denying any inappropriate action with respect to payments the bailed-out insurer made to banks. Fed Chairman Ben Bernanke invited …
The U.S. pay czar Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent. Kenneth Feinberg, charged with reworking pay contracts for the 25 highest-paid …
Federal Reserve Chairman Ben Bernanke Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises. Finance ministers from the …
U.S. Federal Reserve Chairman Ben Bernanke Tuesday defended the government’s latest bailout of embattled insurer AIG, telling irate lawmakers that he was also angry, but that the failure to act could have triggered an economic disaster. Bernanke, in testimony to …
The U.S. government dramatically boosted its bailout of insurer American International Group Inc. and eased the terms of its loans to the company on Monday after an initial rescue plan failed to stabilize the company. Under the new plan, the …
U.S. banking regulators said Friday they will seek to resolve rival acquisition proposals by Citigroup Inc and Wells Fargo & Co for Wachovia Corp. In a surprise announcement, Wells Fargo agreed to buy Wachovia for more than $16 billion, four …
Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that destroyed their rivals as Wall Street braced for a week of political wrangling over a proposed $700 billion bailout for troubled banks. Morgan …
