Laid-off bank workers get benefits intended for others
The ranks of unemployed back office workers at banks--these folks are definitely not the fat cats--is growing. And many will be pleased to know that they apparently qualify for government assistance
Former Comptroller of the Currency John Dugan Returns to Covington
WASHINGTON--(BUSINESS WIRE)-- Covington & Burling LLP is pleased to announce that former Comptroller of the Currency John C. Dugan is rejoining the firm as a partner. Mr. Dugan will chair the
Regulators Recommend Getting Top-Rated Auto Insurance Provider
LOS ANGELES, Nov. 23, 2010 /PRNewswire/ -- Though consumers may be so focused on finding the cheapest price for coverage that they end up overlooking the need to fully vet an auto insurance provider,
CapitalSource Reports Third Quarter 2010 Results
Net Income of $78 Million or $0.24 Per ShareCHEVY CHASE, Md., Oct. 29 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: CSE) today announced financial results for the third quarter of 2010. Net
Ford Motor CFO Lewis Booth Cites Key Role of Liquidity at Treasury & Risk Magazine's 2010 Alexander Hamilton Summit
NEW YORK, Oct. 28 /PRNewswire/ -- The most important lesson to be learned from the financial crisis and economic downturn is the key role that liquidity plays for corporations, and the need to have
Fitch: CDS Spreads Performed Unevenly as Indicators of Default Risk During Crisis
NEW YORK--(BUSINESS WIRE)-- During the recent financial crisis, credit default swap (CDS) spreads indicated an elevated risk of default that, for some sectors, was ultimately not borne out by
Rabobank Acquires Deposits, Certain Assets and Liabilities of Butte Community Bank and Pacific State Bank
Transaction Significantly Expands Rabobank’s Presence in Central Valley Rabobank to Continue Tradition of Community-Involved Banking ROSEVILLE, Calif.--(BUSINESS WIRE)-- Rabobank, N.A. tonight
MICA Tells Congress Private Mortgage Insurance is the Future of Housing Finance
WASHINGTON, July 29 /PRNewswire-USNewswire/ -- Testifying before Congress today, Mortgage Insurance Companies of America (MICA) pledged to play a critical role in the future of housing finance by
Economist proposes Goldman Sachs Amendment
Is bank charter arbitrage a problem? A novel laureate economist wants the government to pass a law that he has dubbed the Goldman Sachs Amendment, which would force banks "to choose whether they want
Ken Lewis to detail use of TARP funds
Is it too late for Ken Lewis, CEO of Bank of America? Many are calling for his head. The bank has been forced back to the government trough with its hand out. And the last-minute machinations of
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