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By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com |
May 3, 2012
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
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By Arthur D. Postal, PropertyCasualty360.com |
April 13, 2012
Federal Reserve Board Chairman Ben Bernanke characterized American International Group as part of a “shadow banking” system that played a key role in the catastrophic economic downturn of 2007-2009.
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By Arthur D. Postal, PropertyCasualty360.com |
April 19, 2011
Treasury Undersecretary Neal Wolin lashed out at those seeking to delay or otherwise impede implementation of the Dodd-Frank financial services reform law, vowing that the administration will “move forward…quickly, carefully and responsibly.”
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By Susanne Sclafane, PropertyCasualty360.com |
February 21, 2011
The long-anticipated flood of FDIC lawsuits against directors and officers of failed banks has started, according to experts who explained the delay and the coverage issues during two recent seminars.
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By Susanne Sclafane, PropertyCasualty360.com |
February 14, 2011
If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said earlier this month.
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By Susanne Sclafane, PropertyCasualty360.com |
February 11, 2011
The long-anticipated flood of FDIC lawsuits against directors and officers of failed banks has started, according to experts who explained the delay and the coverage issues during two recent seminars.
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By Susanne Sclafane, PropertyCasualty360.com |
February 7, 2011
If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said last week.
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By Arthur D. Postal, PropertyCasualty360.com |
February 1, 2010
Had the U.S. government not taken action to bail out AIG, it would have proven to be an economic catastrophe for the nation, said Treasury Secretary Timothy Geithner and his predecessor, Henry Paulson.
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By Arthur D. Postal, PropertyCasualty360.com |
January 28, 2010
Former Treasury Secretary Henry Paulson and current Secretary Timothy Geithner both told a congressional committee that if action was not taken to bail out American International Group it would have been a catastrophe for the nation.
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By Arthur D. Postal, PropertyCasualty360.com |
January 27, 2010
Former Treasury Secretary Henry Paulson and current Secretary Timothy Geithner both told a skeptical congressional committee today that if U.S. action was not taken to bail out AIG, Group it would have been a catastrophe for the nation.
