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The House Oversight and Government Reform committee formally announced Friday that consumer banking head Brian Moynihan and directors Chad Gifford and Thomas May will be joined by former Bank of America general counsel Tim Mayopoulos. Moynihan briefly...
Tags: Bank of America, Capitol Hill, Merrill Lynch & Co., Brian Moynihan, Hill Ken Lewis, Ken Feinberg, New York City, Ken Lewis (executive), Primary dealers, Merrill Lynch, Business Finance
Treasury Department's pay czar Kenneth Feinberg said he would be "disappointed" if executives left their jobs due to pay cuts he imposed. Feinberg lowered the boom on the top 25 executives at seven firms that received extraordinary assistance from the...
Tags: Kenneth Feinberg, pay czar, Ken Feinberg, pay cut, Treasury Department, Washington, corporate governance
The Federal Reserve announced a proposal Thursday to set guidelines on the pay policies of U.S. banks. The central bank said it will examine 28 major banks and smaller, regional banks to make sure their compensation polices "do not undermine their safety...
Tags: Federal Reserve, Kenneth Feinberg, Ken Feinberg, Treasury Department, financial crisis