Fed Moves To Stamp Out Conflicts Of Interest, Interest In Regional Directorships
Remember that whole nasty incident with former New York Fed Chairman Stephen Friedman? The Fed sure does. And it’s taking steps to make sure no one on the boards of its 12 regional banks can have those...
View ArticleU.K. Says It Was Ready To Pour Taxpayer Money Into Banks Before It Was Needed
The British government is getting a much-needed from the country’s National Audit Office. It’s pissed off anyway. The NAO concludes that “the Treasury was justified in using taxpayers’ money” and that...
View ArticleNorthern Rock Shares Still Less Than Worthless
The current owners of Northern Rock today announced their plans for the nationalized bank. The former owners? There will be no compensation for their shares under their Christmas tree. Andrew Caldwell,...
View ArticleSheila Bair Isn’t Gonna Lie To You: She Had Actual Dreams About Burning...
Sheila Bair, who served as chairman of the Federal Deposit Insurance Corp during the crisis and its aftermath, levelled fresh attacks at Mr Geithner, the Obama administration, fellow financial...
View ArticleH.M. Treasury Calls An Independent Scotland The Worst Thing It Can Thing Of
The British government is fighting dirty in its bid to win next September’s referendum on Scottish independence, with a new Treasury report calling Caledonia Cyprus without the beaches or Turks. An...
View ArticleEuropean Leaders Ready To Pull As Many All-Nighters As It Takes To Get This...
At least until summer vacation starts. Two days from now. The Bank for International Settlements, a group representing central banks including the Federal Reserve and the European Central Bank, warned...
View ArticleBonus Watch ’13: Bailed-Out Greek Banks
Bringing their country to its knees is finally paying off for Greece’s bank executives. The plan developed by the Greek government and its international creditors to recapitalize the country’s banks...
View ArticleTop Executives Of Defunct Irish Bank Caught Using The Term ‘Moolah’ As...
John Mack isn’t the world’s only banker unafraid of a little salty language when dealing with a regulator. In a transcript published by the Irish Independent on Thursday, Anglo’s then-chief executive,...
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