| Nov 12, 2013
| 3:40 AM
WASHINGTON -- President Obama on Tuesday will nominate the Treasury Department official in charge of the $800-billion financial bailout fund to be the next chairman of the Commodity Futures Trading Commission, which oversees the complex derivatives...
| Nov 12, 2013
| 7:20 PM
WASHINGTON — President Obama tapped a senior Treasury official to take over as one of Wall Street's top regulators, leading the agency charged with overseeing complex financial derivatives.
Obama said Tuesday he would nominate Timothy Massad to...
| Nov 16, 2013
| 7:31 AM
WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday.
Geithner, who was a major player in the...
| Feb 21, 2014
| 8:24 AM
WASHINGTON -- The Federal Reserve on Friday released transcripts of its 2008 meetings when central bank policymakers were grappling with the financial crisis.
The transcripts from official Federal Open Market Committee sessions are made public after...
| Feb 21, 2014
| 5:35 PM
WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead.
What was clear to them as they gathered for a regularly scheduled...
| Feb 4, 2014
| 9:22 AM
IBillionaire Inc., a company that models investments of the world's wealthiest people, plans to offer an exchange traded fund this spring that will allow the public to "invest like a billionaire," its top executive said Tuesday.
After receiving about $1...
| Jan 25, 2014
| 8:44 PM
WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy.
On one hand, his unprecedented efforts to...
| Dec 16, 2013
| 7:42 AM
AIG announced Monday it is selling its aircraft-leasing business International Lease Finance Corp. for $5.4 billion in cash and stocks to Netherlands-based AerCap Holdings.
The announced sale comes five years after American International Group first...
| Dec 17, 2013
Insurance giant American International Group Inc. announced it would sell a majority of its Century City aircraft-leasing unit to Netherlands-based AerCap Holdings, in a deal valued at $5.4 billion in cash and stock.
The deal for International Lease...
| Jan 31, 2014
The old saying goes that the devil is in the details, and while that's a tired old maxim, it really does apply to the murky world of campaign finance. While Lucifer himself may not show up on anyone's year-end reports,......
| Nov 16, 2012
| 4:17 PM
Delmar Bancorp has no regrets about taking a $9 million investment from the federal Troubled Asset Relief Program, even though some banks have rushed for the exit.
"We did it as an abundance of caution," said Ed Thomas, president of the parent of Bank of...