To say former New York Governor Eliot Spitzer is no fan of the Federal Reserve Bank of New York would be an understatement.
Financial Regulatory Forum
By Tom Freke
LONDON, Nov 6 (Reuters) – The administrator of Lehman Brothers’ European arm will proceed with a revised plan to return billions of hedge fund assets after a London appeal court on Friday rejected earlier proposals.
By Kevin Drawbaugh
WASHINGTON, Oct 26 (Reuters) – The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.
By Phil Wahba and Emily Chasan
NEW YORK, Sept 15 (Reuters) – Lehman Brothers Holdings Inc <LEHMQ.PK> said on Tuesday that Barclays Capital Inc <BARC.L> got a $8.2 billion “windfall profit” from excess assets it took control of in the fire sale of Lehman’s U.S. brokerage business a year ago. (more…)
LONDON, Sept 11 (Reuters) – Britain’s financial watchdog said on Friday it would be taking action against firms as the result of a review into the structured products sector.
By Huw Jones
LONDON, Sept 10 (Reuters) – The collapse of Lehman Brothers a year ago has been likened to the 1994 crash that killed Formula One star Ayrton Senna, in the way it has spurred calls for root-and-branch review of risk in the financial sector. (more…)
WASHINGTON, Aug 21 (Reuters) – Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke’s prepared speech to be delivered at the Kansas City Federal Reserve Bank’s conference in Jackson Hole, Wyoming.