John Reed, Former Citigroup CEO, APOLOGIZES For Creating Monster Of A Bank
It may be the most direct apology of the financial crisis. Former Citigroup chairman and CEO, John Reed, has apologized to a Bloomberg reporter fo...
It may be the most direct apology of the financial crisis. Former Citigroup chairman and CEO, John Reed, has apologized to a Bloomberg reporter fo...
AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business
WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...
The Huffington Post | Ryan MCCarthy | Posted 11.02.2009 | Business
The Treasury Department and the House Financial Services Committee chairman Barney Frank (D - Mass.) last night unveiled a sweeping new bill that atte...
Reuters | Posted 10.23.2009 | Business
WASHINGTON, Oct 23 (Reuters) - The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior...
bloomberg.com | Michael Mckee and Scott Lanman | Posted 10.15.2009 | Business
Oct. 15 (Bloomberg) -- U.S. regulators should consider breaking up large financial institutions considered "too big to fail," former Federal Reserve C...
nytimes.com | Posted 10.05.2009 | Business
The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the "too big to fail" doctrine and shrink the shadow bankin...
Reuters | Rolfe Winkler | Posted 11.15.2009 | Business
For the big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks -Citigroup, JPMorgan Chase, Bank o...
bloomberg.com | Alison Fitzgerald and Christine Harper | Posted 11.11.2009 | Business
One year after the demise of Lehman Brothers Holdings Inc. paralyzed the financial system, “mega-banks,” as Fine’s group calls them, are as inte...
nytimes.com | ERIC DASH | Posted 10.19.2009 | Business
The thrust of the plan is to have banks, particularly those deemed too big to fail, maintain larger capital cushions -- a move bankers have traditiona...
nytimes.com | JULIE CRESWELL and STEPHEN LABATON | Posted 08.14.2009 | Business
The CIT Group is one of the nation's biggest lenders to small businesses. But a debate is swirling in Washington over whether it is large enough -- or...
The Huffington Post | Ryan McCarthy | Posted 11.09.2009 | Business