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By Charles Paikert
March 5, 2009
(InvestmentNews)—Financial advisers who worked for Houston-based Stanford Group stepped into the legal fray surrounding the $8 billion alleged...
By Neil Roland
March 4, 2009
Federal banking regulators knew as far back as 2002 about problems at First National Bank Holding Co.’s banks in Arizona, California and Nevada, but failed to act until shortly before their demise...
By Aaron Elstein
March 3, 2009
(Crain’s)—A big British pension-fund adviser and manager is coming to shake things up at some large U.S. banks....
By Neil Roland
March 3, 2009
In the most direct evidence yet tying UBS Chairman Peter Kurer to oversight failures at the Swiss bank, the U.S. Justice Department last month criticized as inadequate an internal investigation that...
By Aaron Elstein
March 2, 2009
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By Neil Roland
February 25, 2009
The Internal Revenue Service is investigating a number of foreign banks’ compliance with the so-called Qualified Intermediary program, which was adopted in 2000 to help the agency track U.S....
By Neil Roland
February 24, 2009
In a pointed criticism of the Obama administration’s handling of the financial bailout, the head of a congressional oversight panel said the new Treasury Department plan “lacks crucial details,”...
By Neil Roland
February 24, 2009
Northern Trust bank in Chicago should return millions of dollars it spent sponsoring a professional golf tournament last week at the same time it was receiving $1.5 billion in federal bailout money,...
By Neil Roland
February 23, 2009
Citigroup, McGraw-Hill, and Merrill Lynch had directors who sat on too many other corporate boards and who received an unusually high percentage of disapproval votes from shareholders, a research...
By Ronald Fink
February 23, 2009
Citigroup’s widely reported proposal to have the Treasury convert its preferred shares in the bank to common equity would bring its capital well over the threshold that some analysts believe the...
By Doug Halonen
February 23, 2009
Corporations required to disclose details about plan-provider fees. The catch? Plan providers still not required to pony up that info....
By Neil Roland
February 17, 2009
In one of the biggest civil fraud cases ever brought, Texas financier R. Allen Stanford was accused by regulators today of masterminding an $8 billion offshore fraud and misleading investors about...
By Aaron Elstein
February 17, 2009
(Crain’s)—Ezra Merkin, the prominent New York financier who funneled billions of dollars to Bernard Madoff, was warned by a...
By Ronald Fink
February 16, 2009
Statute passed during S&L scandal yards better than Treasury's latest plan, says ex-Fed official....
By Neil Roland
February 13, 2009
Executives at companies receiving federal assistance would face stiffer limits on bonuses and severance under the stimulus bill than they would under President Barack Obama’s earlier order....
By Matthew Quinn
February 12, 2009
Insurer Hartford Financial Services Group revealed in a regulatory filing on Thursday that because of credit ratings downgrades it no longer has access to the Federal Reserve’s Commercial Paper...
By Neil Roland
February 12, 2009
A stringent plan to regulate hedge funds’ leverage, capital and risk management that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator....
By Neil Roland
February 11, 2009
Both the U.S. Office of Thrift Supervision and House Financial Services Committee Chairman Barney Frank today called for a moratorium on foreclosures until the Obama administration details its $50...
By Neil Roland
February 11, 2009
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By Neil Roland
February 10, 2009
The Obama administration’s new $50 billion bailout for struggling homeowners drew immediate criticism from a senior Democratic lawmaker who said the amount was too little and the plan was taking too...
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