Stories tagged with Federal Reserve
AIG will get another $37.8 billion from the Fed
By Laurie Bennett | October 9, 2008 at 7:51am | 0 
The Federal Reserve Board announced yesterday that it would provide as much as $37.8 million to American International Group.
Maurice Greenberg avoids congressional hearing on AIG
By Laurie Bennett | October 8, 2008 at 11:12am | 0
While two former CEOs of American International Group took a beating from Congress yesterday, a third called in sick.
JPMorgan Chase buys Bear Stearns
By Gary Jacobson | March 16, 2008 at 11:38pm | 0
Racing against the clock, JPMorgan Chase agreed to buy once-mighty Bear Stearns for just $2 a share Sunday, “in a fire sale deal clearly aimed at stemming broader panic” in the global markets, according Tom Petruno of The Los Angeles Times.
Kerry Killinger sets the tone at Washington Mutual
By Gary Jacobson | February 2, 2008 at 2:36pm | 3
Troubled Washington Mutual, the nation’s largest savings and loan, has seen its stock price nearly double from its lows over the past month. Takeover speculation has certainly helped, as have the Federal Reserve’s interest rate cuts.
But don’t discount the importance of the message chairman and CEO Kerry Killinger sent when he decided not to take a 2007 bonus that he had earned. Executives at other companies caught in the real estate mess — Countywide Financial and D.R. Horton, for example — have not set the same example of accountability.
