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News & Updates

November 1, 2008
Bernanke Says the U.S. Needs to Maintain a Role in Mortgage Securities


By: The Wall Street Journal

Federal Reserve Chairman Ben Bernanke sketched out a blueprint for handling the mortgage-securitization crisis -- an issue both presidential candidates have cited as a priority. Speaking to a mortgage-finance symposium in...


October 31, 2008
Banks Owe Billions to Executives

By: The Wall Street Journal

Financial giants getting injections of federal cash owed their executives more than $40 billion for past years' pay and pensions as of the end of 2007, a Wall Street Journal analysis shows. The government is seeking to rein in...


October 31, 2008
Rules on 'golden parachutes' open to interpretation

By: The Plain Dealer

U.S. regulators and lawmakers say banks that get government bailout money will be limited on paying bonuses and golden parachutes. But the restrictions are fuzzy at best, and meaningless at worst, experts say.

 

 


October 30, 2008
Schering-Plough To Survey Shareholders On Pay

By: Pharmalot

Eager to appease anxious shareholders, the drugmaker quietly disclosed plans to mail a ’say on pay’ questionnaire to shareholders with its 2009 proxy. And the results will be available in the compensation, discussion and analysis...


October 30, 2008
Deutsche dodges loss thanks to accounting rules

By: Reuters

Deutsche Bank (DBKGn.DE: Quote, Profile, Research) dodged a loss in the third quarter of the year thanks to new accounting rules which softened the blow of writedowns that otherwise would have topped 2 billion euros ($2.6...


October 30, 2008
Mutual Fund Regulatory Filings to Be Available to Investors Online

By: U.S. Securities and Exchange Commission

Washington, D.C., Oct. 29, 2008 — The Securities and Exchange Commission has adopted rule revisions to require that mutual funds and other companies seeking exemptions under the Investment Company Act submit their applications...


October 29, 2008
Cuomo Seeks Information About Bonuses From Banks


By: The Wall Street Journal

New York Attorney General Andrew Cuomo on Wednesday asked nine banks that are receiving federal funds as part of the government's financial rescue plan to provide his office with information about expected bonuses and...


October 29, 2008
Shareholder Communications Coalition Launches Campaign for More Transparency and Disclosure in Proxy Matters

By: The Earth Times

The Shareholder Communications Coalition, a Washington, D.C.-based organization, today announced the creation of a new website, www.shareholdercoalition.com, as a part of a broader effort to inform the general public and...


October 29, 2008
Technology managers being fed an accounting alphabet soup

By: Wisconsin Technology Network

As if IT managers don't already have enough to do, there are current activities in the marketplace that affect IT from a compliance and legal perspective. IT leaders, depending on their industry and regulatory environment, should...


October 29, 2008
CEO Cashes Out as Bank Seeks U.S. Loan

By: The Street.com

The top executive at a midsize bank holding company is retiring with a more than $12 million payday, even as the company is applying for a government investment that could restrict such windfalls.


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