Boardroom Agenda
Records Reveal Fed Difficulty During Heat of 2008 Financial Crisis
Federal Reserve policymakers, in a tense meeting on one of the darkest days of the financial crisis, worried Lehman Brothers' failure would wreak havoc on a teetering financial system but feared ...
Falling Prices Advantage Large Reinsurers, Pressure Smaller Firms
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers ...
Republican Plan Includes Asset Tax for Largest Insurers, Banks
The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress's top Republican ...State Farm $3M Gift Creates Wilson Chair at American Enterprise Institute
State Farm has donated $3 million to the conservative, pro-business think tank American Enterprise Institute (AEI) in Washington, D.C. to create a research chair in the name of the late political ...
Retiring CEOs Issue Optimistic Earnings Forecasts, Study Finds
Retiring chief executive officers issue earnings forecasts more frequently during their final year of employment, and these forecasts tend to convey good news—to be optimistically biased—than ...
USAA CEO and President Robles Retiring in 2015
On Friday, USAA CEO and President, Maj. Gen. Josue "Joe" Robles Jr., U.S. Army (Ret.), announced that he will retire from USAA in the first quarter of 2015. "It has been my privilege to work at USAA ...
Federal Reserve Releases Transcripts from 2008 Financial Crisis Meetings
The board of governors of the Federal Reserve System has released transcripts, presentations and other historical materials from the Federal Open Market Committee meetings of 2008 that took place ...
The FSB Objective: Never Waste a Good Crisis
We have had the benefit of more than six months since the designations were announced by the Financial Stability Board (FSB), and we now also have the Oct. 9, 2013 statement by the International ...