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SEC continues Pequot probe

WASHINGTON — A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of two key senators. He was slated to receive the same amount this year, ...

From MARCY GORDON, Monterey County Herald,  21 Nov 2009

Related Topics: Microsoft Corporation,  Securities and Exchange Commission,  Arlen Specter,  U.S. Senate,  Mary Schapiro

Small Florida bank shuttered, 124th this year

WASHINGTON - Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. ...

From MARCY GORDON, Atlanta Journal Constitution Vendor,  20 Nov 2009

Related Topics: FDIC,  Federal Deposit Insurance Corp.,  CIT GROUP INC,  Henry Paulson,  United States Department of the Treasury

New questions arise in Pequot trading probe

WASHINGTON - A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of two key senators. ...

From MARCY GORDON, Atlanta Journal Constitution Vendor,  20 Nov 2009

Related Topics: Microsoft Corporation,  Securities and Exchange Commission,  Arlen Specter,  U.S. Senate,  Mary Schapiro

SEC told to improve ways it chooses probe targets

The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 ...

From MARCY GORDON, Taiwan News,  19 Nov 2009

Related Topics: Securities and Exchange Commission,  Bernard Madoff

Companies push for derivatives exemption

As Congress crafts legislation to impose new oversight on complex instruments blamed for hastening the financial crisis, a major sticking point has emerged over companies that use the derivatives to hedge risk. Some lawmakers want to exempt ...

From MARCY GORDON, Taiwan News,  18 Nov 2009

Related Topics: U.S. Congress,  Ford Motor Company,  Boeing,  Caterpillar Inc.,  General Electric

Democrats, GOP at odds over BofA, Merrill Lynch deal

WASHINGTON — A senior House Democrat said Tuesday the government didn't force Bank of America to take over Merrill Lynch, but Republicans charged that a committee inquiry was covering up the role of an Obama administration official. last December on ...

From MARCY GORDON, Monterey County Herald,  18 Nov 2009

Related Topics: Bank of America,  U.S. Republican Party,  Merrill Lynch,  U.S. Democratic Party,  Kenneth D Lewis

Dems, Republicans spar over BofA-Merrill merger

"The government pushed us hard to do this deal," Bank of America director Charles "Chad" Gifford said after persistent questioning by lawmakers at a hearing Tuesday. The House Oversight and Government Reform Committee is focused on the $45 billion ...

From MARCY GORDON, San Francisco Chronicle,  18 Nov 2009

Related Topics: Bank of America,  Edolphus Towns,  U.S. Republican Party,  Darrell Issa,  Barack Obama

Dems, Republicans at odds over BofA, Merrill deal

decisions after being tapped for the Treasury post last November. Brian Moynihan, bank of America president of consumer and small business banking, testifies on Capitol Hill in Washington, Tuesday, Nov. 17, 2009, before the House Oversight and ...

From MARCY GORDON, Long Beach Press-Telegram,  17 Nov 2009

Related Topics: Bank of America,  Merrill Lynch,  U.S. Republican Party,  Barack Obama,  U.S. Democratic Party

Rep. Towns: gov't didn't force BofA, Merrill deal

WASHINGTON A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch and bank executives knew they had little chance of legally being able to back out of the deal. House Oversight Committee Chairman Edolphus ...

From MARCY GORDON, San Diego Union-Tribune,  17 Nov 2009

Related Topics: U.S. Democratic Party,  Bank of America,  Merrill Lynch,  Edolphus Towns,  Kenneth D Lewis

Ex-BofA exec says had no role in Merrill bonuses

WASHINGTON The former top attorney of Bank of America Corp. will testify to Congress Tuesday that he wasn't involved in crafting the bank's agreement to let Merrill Lynch pay billions of dollars in bonuses to its employees, before being abruptly fired ...

From MARCY GORDON, San Diego Union-Tribune,  17 Nov 2009

Related Topics: Bank of America,  Merrill Lynch,  U.S. Congress,  Kenneth D Lewis,  John A. Thain

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