Posted by Reuters: Business News on January 28, 2012
WASHINGTON (Reuters) – The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.
Posted by Reuters: Business News on July 19, 2011
NEW YORK (Reuters) – Stocks jumped about 1 percent on Tuesday on strong earnings from IBM and Coca-Cola, offsetting investor disappointment in results from big financial firms.
Posted by Reuters: Business News on February 14, 2011
WASHINGTON (Reuters) – The top government auditor for bailouts of U.S. financial firms and automakers on Monday resigned his position as the $700 billion Troubled Asset Relief Program winds down.
Posted by Reuters: Business News on February 5, 2011
DETROIT (Reuters) – U.S. regulators will propose that major financial firms defer at least half of bonuses paid to top executives for at least three years, the Wall Street Journal cited sources as…
Posted by Reuters: Business News on October 8, 2010
(Reuters) – The U.S. banking regulator is expected to propose new rules for seizing and dismantling large financial firms on the verge of collapse, the Wall Street Journal reported, citing people…
Posted by Reuters: Business News on August 16, 2010
WASHINGTON (Reuters) – The Federal Reserve and other top regulators said on Monday reverse mortgages pose “compliance and reputation risks” for lenders, and offered guidance to financial firms on how to avoid such pitfalls.
Posted by Reuters: Business News on May 13, 2010
WASHINGTON (Reuters) – Federal prosecutors in New York are conducting a broad criminal investigation into whether major Wall Street financial firms misled investors, a person familiar with the matter said on Thursday.
Posted by Reuters: Business News on May 6, 2010
WASHINGTON (Reuters) – The Senate Thursday rejected a proposal that would split up the six largest banks in an effort to ensure that large financial firms do not threaten the economy if they fail.
Posted by Reuters: Business News on March 3, 2010
WASHINGTON (Reuters) – U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called “Volcker rule” from the Obama administration.
Posted by Reuters: Business News on February 24, 2010
WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner on Wednesday repeated his call for Congress to pass financial reform legislation that curbs risk-taking by big financial firms and ensures they can absorb their own losses.
