Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (12/28/2009)
* WASHINGTON (12/29/09)--Several top executives from the nation’s biggest banks will testify before the Financial Crisis Inquiry Commission next month about their roles during the economic crisis (American Banker Dec. 28). Scheduled to testify include Jamie Dimon, chairman/CEO of JPMorgan Chase and Co.; John Mack, chairman of Morgan Stanley; and Lloyd Blankfein, chairman/CEO of Goldman Sachs. Brian Moynihan, who will become CEO of Bank of America Jan. 1, has not confirmed his appearance. The commission was formed to determine the causes of the nation’s financial crisis and will hold several hearings throughout 2010 ... * WASHINGTON (12/29/09)--The Federal Housing Finance Agency Thursday announced that it is curbing executive compensation at Fannie Mae and Freddie Mac. Average pay at the enterprises will be 40% less than before Fannie and Freddie entered into conservatorship, the agency said. Beginning Jan. 1, base salary for executive officers will not exceed $500,000 a year, except for five positions including the enterprises’ CEOs and chief financial officers plus the chief operating officer of Freddie Mac. Before the enterprises were placed into conservatorship, 16 employees had salaries above $500,000 ...


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
7 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
10 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
12 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
13 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
13 hours ago