Showing All 4 Matching Links Found
Tag(s) Selected: 
American Bankers Association
American Bankers Association
Search:  :
|
|
American Bankers Association
|
Search: :
|
|
| 11/27/2011 |
Secret Fed Loans Gave Banks $13 Billion Banks worldwide earned an estimated $13 billion by taking advantage of below-market rates on emergency U.S. Federal Reserve loans from August 2007 through April 2010. Roll over the bars below to explore details for each. To compare results with banks' net income or losses for the same timeframes, click the corresponding button. Worldwide total is the sum for 190 firms with available data; those banks lost a combined $21.6 billion. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue. (Bloomberg) | |||
| + Show URL & ALL Tags | ||||
| ||||
keywords: American Bankers Association, Ancel Martinez, Andrea Priest, Anil Kashyap, Anthony Coley, Bailouts, Bank Of America, Barack Obama, Barney Frank, Basel, Bear Stearns, Ben Bernanke, Berkeley, Bloomberg Lp, Brad Miller, Byron Dorgan, California, Center For Economic And Policy Research, Center For Responsive Politics, Charlotte, Citigroup, Clearing House Association, Countrywide Financial, Dallas, David Jones, Dean Baker, Dodd-frank Wall Street Reform Act, Dow Jones, Federal Reserve, Financial Crisis, Financial Crisis Inquiry Commission, Financial Services Forum, Financial Stability Oversight Council, Gary Stern, George Mason University, George W Bush, Gerald Hanweck, Glass-steagall Act, Goldman Sachs, Government Transparency, Graham Fisher & CO, Henry Paulson, Howard Opinsky, Jamie Dimon, Jerry Dubrowski, John Dearie, Jon Diat, Joshua Rosner, Jpmorgan Chase, Judd Gregg, Kenneth Lewis, Lehman Brothers, Mark Lake, Merrill Lynch, Minneapolis, Morgan Stanley, Neil Barofsky, New York, New York City, New York University, Nobel Prize, North Carolina, Occupy Boston, Occupy California, Occupy Oakland, Occupy Seattle, Occupy Wall Street, Oliver Williamson, Phillip Swagel, Police, Realtytrac, Richard Fisher, Richard Shelby, Scott Alvarez, Sherrill Shaffer, Sherrod Brown, Switzerland, Tea Party, Ted Kaufman, Timothy Geithner, US Bureau Of Labor Statistics, US Congress, US Department Of The Treasury, US Freedom Of Information Act, US Supreme Court, United States, University Of California, University Of Chicago, University Of Maryland, University Of Wyoming, Vikram Pandit, Viral Acharya, Wachovia, Wall Street, Washington DC, Washington Mutual, Wells Fargo, William English
| ||||
| 6/15/2009 |
Credit Bailout: Issuers Slashing Card Balances He proposed paying half of his $5,486 balance and calling the matter even. (New York Times) | |||
| + Show URL & ALL Tags | ||||
| ||||
| 4/2/2009 |
FASB Eases Fair-Value Rules Amid Lawmaker Pressure The Financial Accounting Standards Board, pressured by U.S. lawmakers and financial companies, voted to relax fair-value accounting rules that Citigroup Inc. and Wells Fargo & Co. say don’t work when markets are inactive (Bloomberg) | |||
| + Show URL & ALL Tags | ||||
| ||||
keywords: American Bankers Association, Arthur Levitt Jr, Bank Of America, Blackstone Group, Citigroup, Edward Yingling, Federal Deposit Insurance Corporation, Financial Accounting Standards Board, First Trust Advisors, Richard Parsons, Robert Herz, Robert Rubin, Securities And Exchange Commission, Spencer Bachus, Stephen Schwarzman, United States, Wells Fargo, William Donaldson, William Isaac
| ||||
| 2/11/1988 |
G.A.O. Urges Caution on a Glass-Steagall Repeal The G.A.O. report makes no specific recommendation on whether Congress should repeal the 55-year-old law. Congress is holding hearings on whether to repeal part or all of the act. Among the issues is whether to give banks new powers to underwrite securities, as well as whether to recommend that the Securities and Exchange Commission regulate all securities operations of banks. (New York Times) | |||
| + Show URL & ALL Tags | ||||
| ||||
keywords: American Bankers Association, Charles Bowsher, Federal Reserve, Financial Crisis, Glass-steagall Act, Robert Dugger, Securities And Exchange Commission, US Congress, US Government Accountability Office, United States
| ||||
