- New rules for Wall Street must clear final hurdles
From big banks' exotic trades to the credit cards in people's wallets, a few contentious issues could upend a delicate political equilibriu...
13 Jun, 2010, 03.27 PM IST
- Bernanke named world's most powerful person in finance field
US Federal Reserve Chairman Ben Bernanke has been named as the world's most powerful person in finance by business magazine Forbes.
12 Nov, 2009, 09.20 PM IST
- Obama endorses US House financial overhaul bill
President Barack Obama on Tuesday endorsed a bill in the U.S. House of Representatives that would give the government unprecedented power t...
28 Oct, 2009, 06.25 AM IST
- US wants firms to pay for failures
The US Treasury Department and a senior House Democrat have decided against making financial firms pay upfront the costs of dismantling the...
27 Oct, 2009, 03.36 AM IST
- US House votes to restrict Wall Street pay
The House of Representatives voted on Friday to slap restrictions on how Wall Street executives are paid after nine banks that took US gove...
01 Aug, 2009, 02.52 AM IST
- US lawmaker wants tougher rule for Wall Street pay
The proposal by Rep. Barney Frank, a Democrat, which was under consideration Tuesday by the House Financial Services Committee, would give ...
29 Jul, 2009, 02.42 AM IST
- Obama's New Deal to herald sea of change in US banking
President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bail...
03 Feb, 2009, 02.47 AM IST
- US deposit insurer likely to steer
The Federal Deposit Insurance Corp (FDIC) may manage the so-called bad bank that the Obama administration is likely to set up as it tries t...
29 Jan, 2009, 12.07 AM IST
- Obama may have to expand bailout funds: Media
With banks unable to stem tn dollars in losses, fund set up to stop financial crisis; TARP need fresh injection of cash. Top 10 US bank fai...
25 Jan, 2009, 02.40 AM IST
- Paulson, lawmakers clash over scope of bailout package
Treasury secretary Henry Paulson rejected using the government’s financial-rescue program as a “panacea” for economic difficulties, clashin...
19 Nov, 2008, 12.15 AM IST
- Bush scrambles to save $700 bn US bailout plan
President George W Bush scrambled on Friday to bring rebellious members of his own party behind a multibillion-dollar government bailout of...
26 Sep, 2008, 09.11 PM IST
- Paulson agrees to put limit on executive pay: Report
Reversing his position, US Treasury Secretary Henry Paulson has agreed to put some limits on the pay packet of executives of bankrupt finan...
25 Sep, 2008, 03.48 PM IST
- Congress, Bush team agree on bailout terms
Bush administration has agreed to include mortgage aid and strong congressional oversight in the plan. Global icons crash | US mortgage cri...
23 Sep, 2008, 12.50 AM IST
- US government will stabilize Fannie, Freddie: Rep. Frank
A top House Democrat confirmed Saturday that the government is planning to intervene to stabilize troubled mortgage finance companies Fanni...
07 Sep, 2008, 01.35 AM IST
- Bush threatens housing aid veto
President Bush threatened Wednesday to veto Democrats' broad housing rescue package, saying it won't help struggling homeowners.
07 May, 2008, 10.06 PM IST
- Bush pushes $150 bn economic aid package
President Bush said Saturday "the kind of spending projects that would have little immediate impact on our economy" should not be part of a...
19 Jan, 2008, 10.03 PM IST
- Nardelli's exit deal may speed up law on execs' pay in US
Home Depot chief executive officer Robert Nardelli’s "egregious" $210 million severance package may be the catalyst for legislation that tr...
05 Jan, 2007, 02.42 AM IST