Matthew Staver/Bloomberg News Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City. Thomas M. Hoenig and Ben S. Bernanke have had some very public disagreements at the Fed this year, most notably about whether the low interest rates that Mr. Bernanke supports will drive the United States toward recovery or into a [...]
Banking regulators on Monday put off proposing how the government would use its new authority to dismantle large, collapsing financial companies, saying they need more time for industry and other regulators to weigh in, Reuters said. The board of the Federal Deposit Insurance Corp. had tentatively planned to vote on Monday on issuing an interim [...]
By SUSANNE CRAIG and PETER LATTMAN For 16 years, Marshall A. Cohen served as a director of the American International Group, stepping down just months before the company’s near-collapse in 2008. Several months later, Mr. Cohen was again in demand, joining the board of Gleacher & Company, a New York investment bank. Gleacher expanded its [...]
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