Tag:
Public Opinion
Latest Headlines
Latest Headlines
Retail complaints against banks soar
The OCC says complaints from retail customers of the 1,500 banks it regulates will hit 80,000 this year, according to the Associated Press . If that's accurate, it would be the highest in the 15 years the OCC has tracked complaints and more than double the 2008 total. Complaints are also pourin
Bonus anger still lingers on Main Street
The G20 seems bent on regulating banker bonuses. It has proposed a cap on the size of the bonus pool banks can award. It also called for a longer-term time horizon for pay and clawback rights, should subsequent events necessitate them. Banks that do not comply with the new international rules will
SEC to give shareholders more say over directors?
Is the time ripe for some big reforms that would give shareholders more power to nominate and ultimately vote in new corporate directors? Corporate boards have fared poorly in the court of public opinion as of late. The best example of that may be the Bank of America shareholder vote that stripped
Bear Stearns arbitration causing headaches?
The trial of former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin is set to begin in Brooklyn in September. It will be a huge media event, and in some ways--fairly or not--it will be a trial of all that went wrong on Wall Street.
But Fortune notes there's a wrench in the
Mortgage modification a tricky issue for banks, lawmakers
While the top banks are more than willing to publicize their efforts to temporarily halt home foreclosures, they've been less willing to take longer-term action. A reality that many regulators have obviously come around to. A new Obama Administration effort to cut back on the number of expecte
