President Barack Obama won’t nominate a successor to Federal Reserve Chairman Ben S. Bernanke until at least September.
Read More »Bernanke can be deposed in AIG bailout suit, court rules
The government argued that whatever Bernanke has to say is available from other sources, including Board of Governors meeting minutes and the depositions of lower-ranking officials.
Tagged with: Ben Bernanke Federal Reserve
Read More »Patriot allowed to hire Knighthead, Aurelius for offering
Patriot Coal Corp. received formal court approval on July 26 to pay as much as $2 million to Knighthead Capital Management and Aurelius Capital Management.
Read More »Norman named to gender commission
Langdon & Emison attorney Phyllis Norman has been appointed by the Missouri Supreme Court to the Joint Commission on Women in the Profession for a two-year term.
Read More »Former Detroit mayor Kilpatrick to be sentenced Sept. 3
Detroit mayor Kwame Kilpatrick is expected to draw a 20-to-30-year sentence.
Read More »Agencies, Congress turn up heat on debt collectors
The rise in health care-related consumer debt, student loans, shoddy record keeping by creditors and abusive practices by debt collectors are leading federal regulators and lawmakers to crack down on third-party debt collectors and call for tighter rules applying to them.
Tagged with: Consumer Financial Protection Bureau debt collection
Read More »Court upholds Exxon Mobil’s $105 million defeat
A jury’s $104.7 million damage award against Exxon Mobil Corp. for contaminating New York City wells with a gasoline additive was upheld by a federal appeals court.
Read More »Prosecutors: Cohen, SAC capital always sought an ‘edge’
In the 41-page indictment filed Thursday, prosecutors alleged that Steven Cohen and his top managers sought to hire traders and analysts who had the ability to deliver any kind of “edge” over the market.
Tagged with: Steven Cohen
Read More »Obama should honor Lincoln’s popular legacy
There’s no better way to avoid thinking of the people as an abstraction than to meet them, frequently, up close.
Read More »Illinois village teeters on self-destruction
Financial accountability has a way of getting discarded in Washington Park, Ill., much like the clothing slipping off dancers in the eight strip clubs that dominate the town’s economy.
Read More »Fed criticized for oversight of commodity operations
The Federal Reserve faces new pressure to explain why it lets banks trade raw materials and control supplies after congressional witnesses said regulators can’t really grasp what lenders are doing in industrial businesses.
Read More »