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Fed proposes bank-pay guidelines

Washington : DC : USA | about 1 month ago  
Views: 36
  • To match FINANCIAL/PAY-FED-POLITICS
    To match FINANCIAL/PAY-FED-POLITICS
    Source: Reuters
To match FINANCIAL/PAY-FED-POLITICS
The Federal Reserve on Thursday moved to limit risky pay practices at all the nation's banks even as the Treasury's executive paymaster announced drastic cuts in pay for the biggest government bailout recipients. Altogether, the pay curbs represent an unprecedented move by the government to rein...
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  • News Source: The News Journal | about 1 month ago
    The Treasury Department on Thursday ordered Bank of America, Citigroup and five other companies that received billions of dollars in government bailouts to halve total compensation for their top executives, beginning with pay received in November.
  • News Source: Seattle Times | about 1 month ago
    The Federal Reserve joined the Treasury Department on Thursday in imposing new limits on executive pay, extending the government's control over compensation at taxpayer-owned companies to institutions that are merely government-regulated. The...
  • News Source: Denver Post | about 1 month ago
    The Federal Reserve joined the Treasury Department on Thursday in imposing new limits on executive pay, extending the government's control over compensation at taxpayer-owned companies to institutions that are merely government regulated. The...
  • News Source: The Mercury News | about 1 month ago
    The Federal Reserve announced Thursday that it would crack down on pay packages that encouraged bankers to take excessive risks, but officials acknowledged that the plan might not reduce the biggest paychecks on Wall Street. Though unlikely by itself...
  • News Source: Chicago Tribune | about 1 month ago
    In the same way that the government took an extraordinary step to save the domestic auto industry by becoming a shareholder in General Motors Corp. , the Federal Reserve on Thursday moved to exert greater oversight of the financial system by...
  • News Source: Channel NewsAsia | about 1 month ago
    The Obama administration on Thursday took an axe to executive salaries at firms rescued by taxpayer bailouts, cutting cash payments by 90 per cent amid a public backlash at bloated Wall Street bonuses. In a dramatic government swipe at big business,...
Blogs
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  • Blog Source: washingtonindependent.com
    On Wednesday, the Obama administration announced plans to slash pay for the top 25 executives at the seven companies that received “exceptional” funding under the Wall Street bailout bill. The average compensation for those 175 ...
  • Blog Source: www.washingtonexaminer.com
    ... decision and said Americans' values are offended by excessive paychecks for executives whose companies were bailed out by taxpayers. He urged Congress to pass legislation to give shareholders a voice in executive pay packages. ...
  • Blog Source: topics.oneriot.com
    Administration plans big pay cuts at bailout firms. The Obama administration will order companies that received huge government bailouts last year to slash the salaries of their top executives by an. ...
  • Blog Source: www.politicalwrinkles.com
    White House slashes pay for Wall Street executives The Obama administration stunned Wall Street on Wednesday by ordering massive pay cuts for top. ... “We are currently in discussions with Mr. Feinberg's office regarding executive compensation,”
  • Blog Source: ac360.blogs.cnn.com
    Officials in Washington today launched their biggest offensive yet in the war on runaway pay practices in the financial industry, targeting everyone from corporate executives to high-flying traders of complex securities. The Federal Reserve
  • Blog Source: blog.taragana.com
    “I think the fact that the government has given so much in TARP money is going to make these executives think and think again” before they say no to Washington's demands to substantially lower executive compensation, Warren said. ...
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