Government
Dodd-Frank Failed to Dispel Too-Big-to-Fail, Say 2 Fed Presidents
Two Federal Reserve district bank presidents said the 2010 Dodd-Frank Act hasn't eliminated creditor expectations for federal bailouts of financial firms, perpetuating the idea that large banks are ...
BofA Rebuffs AIG Mediation Bid on $8.5 Billion Mortgage Deal
Bank of America Corp. said it won't renegotiate its $8.5 billion mortgage-bond settlement with investors after American International Group Inc., which opposes the deal, sought mediation. Bank of ...
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...
Europe Strikes Deal To Push Cost Of Bank Failure On Investors
The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that ...
Colleges Could Face Lawsuits Following Supreme Court Affirmative Action Ruling
The U.S. Supreme Court's decision on affirmative action may force universities to re-examine their admissions policies and face waves of litigation about race-based admission. In a 7-1 ruling Monday, ...BP Steps Up Spill Payments Protest With Ad Campaign
BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by placing advertisements in leading newspapers ahead of a July 8 appellate ...
SEC Commish Urges Selective Use Of New Settlement Policy For ‘Bad Actors’
The U.S. Securities and Exchange Commission should focus its new policy of seeking admissions of wrongdoing on cases such as those involving bad actors who have a high risk of being repeat offenders, ...
Judge Narrows Greenberg Lawsuit Versus U.S. Over AIG Bailout
A federal judge has allowed former American International Group Inc. Chief Executive Maurice "Hank" Greenberg to continue his multibillion dollar lawsuit against the United States over the insurer's ...