Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (12/28/2009)
* WASHINGTON (12/29/09)--Several top executives from the nation’s biggest banks will testify before the Financial Crisis Inquiry Commission next month about their roles during the economic crisis (American Banker Dec. 28). Scheduled to testify include Jamie Dimon, chairman/CEO of JPMorgan Chase and Co.; John Mack, chairman of Morgan Stanley; and Lloyd Blankfein, chairman/CEO of Goldman Sachs. Brian Moynihan, who will become CEO of Bank of America Jan. 1, has not confirmed his appearance. The commission was formed to determine the causes of the nation’s financial crisis and will hold several hearings throughout 2010 ... * WASHINGTON (12/29/09)--The Federal Housing Finance Agency Thursday announced that it is curbing executive compensation at Fannie Mae and Freddie Mac. Average pay at the enterprises will be 40% less than before Fannie and Freddie entered into conservatorship, the agency said. Beginning Jan. 1, base salary for executive officers will not exceed $500,000 a year, except for five positions including the enterprises’ CEOs and chief financial officers plus the chief operating officer of Freddie Mac. Before the enterprises were placed into conservatorship, 16 employees had salaries above $500,000 ...


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
11 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
13 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
13 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
13 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
14 hours ago