Government
Fed’s Plosser Favors Too-Big-To-Fail Firms Holding More Capital
Federal Reserve Bank of Philadelphia President Charles Plosser called for the largest financial institutions to hold more capital to help prevent a repeat of the recent financial crisis, and renewed ...
Financial Firms’ Living Wills Risk Clash of Nations Over Assets, Warns AIG’s Benmosche
American International Group Inc. Chief Executive Officer Robert Benmosche said that living wills, designed to help unwind struggling financial firms, may lead to international disputes. Comparing ...
Oregon Insurance Commissioner Savage Leaving Post; Cali To Replace Him
Oregon Insurance Commissioner Lou Savage is leaving the Insurance Division to work on legal reform in emerging democracies overseas after nearly two years at the post. Laura Cali, the division's ...
Obama Orders Patent Changes to Combat Abuses
President Barack Obama announced a series of actions aimed at protecting technology, finance and retail companies from lawsuits and demands for fees by businesses that abuse the patent system. The ...
FDIC to Define Non-Bank Financial Firms Under Resolution Powers
The Federal Deposit Insurance Corp. board will vote on rules defining whether a non-bank company is engaged in financial activity to an extent that would subject it to the agency's liquidation in the ...
AIG, Prudential Named ‘Systemically Important’ by Financial Stability Council
American International Group Inc., Prudential Financial Inc. and a unit of General Electric Co. were identified by U.S. regulators as potential risks to the financial system in a step toward putting ...
Vote on Systemically Risky U.S. Non-Banks Expected
U.S. regulators plan to vote next week on whether to label some non-bank companies a potential risk to the financial system, a move that would put them under heightened Federal Reserve supervision, ...