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29 Sep 2008, 2:10 am
The Board is comprised of the Chairman of the Board of Governors of the Federal Reserve System, the Secretary of the Treasury, the Director of the Federal Home Finance Agency, the Chairman of the Securities and Exchange Commission and the Secretary of the Department of Housing and Urban Development. [read post]
28 Sep 2008, 11:30 pm
The board will include the Federal Reserve chairman, the Securities and Exchange Commission chairman, the Federal Home Finance Agency director and the Housing and Urban Development secretary. [read post]
28 Sep 2008, 3:10 pm
It also means seven sets of bank statements that need to be reviewed and seven sets of signature cards that must be signed by the directors (and then re-signed every time the directors change). [read post]
28 Sep 2008, 4:48 am
[www.fdic.gov] Press Releases FDIC Simplifies Coverage Rules for Revocable Trust Accounts FOR IMMEDIATE RELEASESeptember 26, 2008 Media Contact:David Barr (202-898-6992) The FDIC's Board of Directors today adopted changes to simplify the rules for determining the coverage available on revocable trust accounts ??? [read post]
27 Sep 2008, 6:33 pm
The Credit Facility contains customary affirmative and negative covenants, including a requirement to maintain a minimum amount of liquidity and a requirement to use reasonable efforts to cause the composition of the Board of Directors of AIG to be satisfactory to the trust described below within 10 days after the establishment of the trust. [read post]
26 Sep 2008, 9:26 pm
This is the Press Release issued by the FDIC (emphasis added): The FDIC's Board of Directors today adopted changes to simplify the rules for determining the coverage available on revocable trust accounts – commonly called payable-on-death accounts or living trust accounts. [read post]
25 Sep 2008, 7:25 pm
"With independent board leadership at AIG, some of this mess could have been avoided," Ferlauto said. [read post]
24 Sep 2008, 10:29 pm
"This was a convergence of everyone having the same thought at the same time," says Matt Holland, TrueMajority's online director. [read post]
24 Sep 2008, 3:00 pm
Paulson resigned as Chairman of the Board of Directors and Chief Executive Officer, effective June 28, 2006. [read post]
23 Sep 2008, 5:25 pm
In the whistleblower suit, Joe Potena claims the Board of Public Utilities fiscal chief hid a Clean Energy account with more than $80 million in ratepayer funds without Treasury Department notice. [read post]
23 Sep 2008, 4:49 pm
Expanded Director Rights and Increased Equity Ceilings Old Rule Historically, the Federal Reserve has not allowed a minority investor that acquired 10% or more of a Banking Organization's voting shares to have a director on the Banking Organization's board without being deemed to have a controlling influence over the Banking Organization. [read post]
23 Sep 2008, 4:13 pm
Mackell is the Chairman of the Board of Directors for the Federal Reserve Bank of Richmond and President of the Association of Benefit Administrators. [read post]
23 Sep 2008, 3:06 pm
The terms of Fishman's contract, which runs until 2011, suggest that WaMu's directors were willing to pay generously for a CEO they believe can navigate the bank through continued turbulent waters, with a few safeguards for shareholders built in. [read post]
22 Sep 2008, 5:00 pm
Under Delaware law, the compensation of the CEO, who is invariably on the board of directors, ought to involve application of the duty of loyalty. [read post]
22 Sep 2008, 10:58 am
The lawsuit further accuses Solar & Kilcoyne, an accounting firm in Leominster, Massachusetts, of negligence and failing to alert anyone on the nonprofit museum's board of directors about the alleged financial irregularities. [read post]
21 Sep 2008, 1:52 pm
Jerry Grundhofer, the former US Bancorp chief executive, is the only Lehman external director who has recently run a bank. [read post]
20 Sep 2008, 6:32 pm
For example, Reserve Bank of India rules require that a local bank certify that filings have been made and money received for the share transfer. [read post]
20 Sep 2008, 4:50 pm
Common stock owners generally have the right to vote to elect the corporation's board of directors. [read post]
19 Sep 2008, 6:00 pm
: (Wired) The South strikes back against overreaching IP enforcement: (Intellectual Property Watch) WIPO assembly set to appoint new head: (Managing Intellectual Property) Open business systems fill gap in mainstream entertainment industry: (Intellectual Property Watch) Global - Trade Marks / Domain Names / Brands Brand values collapse in the face of global financial turmoil: (IAM), Genericness survey results: (Property, intangible) Reputation as risk: a lesson from the financial markets:… [read post]
19 Sep 2008, 11:12 am
The longtime Sullivan partner was on a roll even before these events unravelled last weekend - Cohen advised Fannie Mae on its seizure by the federal government on 7 September.In March, Cohen represented Bear Stearns's board of directors in the company's hastily-arranged acquisition by JPMorgan Chase. [read post]
