Tag:
best practice
Latest Headlines
Latest Headlines
Big agreement between banks and states unlikely soon
We're seeing more state attorneys general take action in the mortgage crisis. Michigan recently joined Oregon in suing Bank of America's troubled Countrywide unit, seeking to recover big losses in their pensions. Arizona and Nevada have already sued Bank of America, alleging a litany of abuses in
Fannie Mae, Freddie Mac's role in foreclosure fiasco
The role of Fannie Mae and Freddie Mac in the foreclosure fiasco has been largely overlooked-until now. The Washington Post weighs in with a thoughtful look at how they "shaped the practices being challenged in courtrooms around the country. They picked law firms that could foreclose fast and
New VP-governance to change Goldman Sachs?
Are we about to see some big moves by Goldman Sachs (NYSE: GS ) to get more shareholder friendly? The troubled bank has hired Bess Joffe as vice president-governance . She worked for five years at the London proxy firm Hermes Equity Ownership Services.
She worked with underperforming com
Citigroup bent on eliminating all unnecessary costs
The New York Times posts a telling memo from John Havens, the head of Citi's institutional clients group about expenses. It's fair to say that the perks bankers once enjoyed are going away. Blackberry purchases now require pre-approval. Citi is also cutting back on management consultants and c
Hedge funds to set standards
The movement to set private industry hedge fund  standards took a step forward today. "Best practice" guidelines, from two committees formed by the President's Working Group on Financial Markets have been issued. The guidelines seek new standards governing disclosure, asset
