Fed to meet bank execs on pay reviews - News - Muzi.com

Set Home|Subscribe|Premium Home|MyMuzi

Muzi.com : Muzi (English) : News
Fed to meet bank execs on pay reviews

Last updated: 2009-10-30

Fed to meet bank execs on pay reviews
2009-10-30

Event
Global Financial Crisis
Category
US Fed Reserve
Source
(Reuters)

WASHINGTON (Reuters) - Federal Reserve officials are scheduled to meet with bank executives on Monday to discuss executive pay at large financial firms, a Fed spokesperson said on Friday.
They would discuss "the process for the reviews of incentive compensation arrangements at the large, complex banking organizations," the spokesperson said.
The Fed last week issued bank pay guidelines aimed at curbing the type of reckless risk-taking officials say contributed to the crisis that nearly brought down the financial system last year.
Fed Governor Daniel Tarullo told Congress this week that the Fed would supplement those recommendations with "supervisory initiatives to spur and monitor" industry reforms.
One of those initiatives would be a simultaneous review of incentive compensation practices at the 28 largest firms under the Fed's supervision, he said.
(Reporting by Mark Felsenthal; Editing by Nick Macfie)

Global Financial Crisis
Profile2 News2623 Gallery15 Links

Getting a Mortgage in 2010: 10 Things to Know (2009-12-03)
AIG reduces government borrowings by $25 billion (2009-12-01)
Seniors suffer in troubled California subdivision (2009-11-26)
October U.S. new home sales seen rising 2 percent (2009-11-25)
Analysis: Fed under fire as public anger mounts (2009-11-22)
Watchdog: Gov't may have overpaid to bail out AIG (2009-11-16)
Foreclosures dip 3 pct. in October from September (2009-11-12)
Trial of ex-Bear Stearns execs goes to jury (2009-11-09)
Concern over capitalism on Berlin Wall anniversary (2009-11-09)
Big California bank fails, has China branches (2009-11-09)
AIG posts 2nd consecutive quarterly profit (2009-11-06)
IMF warns G20 off cutting economic support too fast (2009-11-06)
Congress set to expand homebuyer tax credit (2009-11-05)
CIT Group's biggest hurdle: Keeping customers (2009-11-02)
Putin tells EU to help Ukraine pay gas bills (2009-11-02)
CIT files for Chapter 11 bankruptcy protection (2009-11-01)
Federal regulators close 9 banks (2009-10-30)
CIT moves closer to pre-packaged bankruptcy approval (2009-10-30)
Fed to meet bank execs on pay reviews (2009-10-30)
Meltdown 101: What to know if your bank fails (2009-10-30)
CIT seen filing for bankruptcy in coming days (2009-10-29)
Brussels targets bailed-out banking giants (2009-10-28)
Ailing CIT gets $4.5 bln loan, rejects Icahn offer (2009-10-28)
Pay czar vows to rework AIG bonuses (2009-10-28)
Senators eye extending home credit to end of April (2009-10-28)

Stories Coverages

NewsGuide Event City People Show Company
ENT Sports BIZ EDU Life Military Politics Society Health

[2009 Tiger Woods Accident]: Woods' fall from grace rekindles role-model debate (10:25 12/4)

[Anti-terror War in Pakistan]: Suicide attackers kill 36 at Pakistan mosque (10:25 12/4)

[Afghan Terror War]: US Marines launch large offensive in Afghanistan (10:25 12/4)

[Vietnam War]: US Marines launch large offensive in Afghanistan (10:25 12/4)

[2008 U.S. Layoff Crisis]: Unexpected drop in jobless rate sparks optimism (10:25 12/4)

[Roman Polanski Rape Case]: Roman Polanski begins house arrest in Gstaad (10:25 12/4)

[2009 White House Party-crasher]: Lawmakers demand testimony by WH social secretary (10:25 12/4)

[2009 Fort Hood Shootings]: Fort Hood unit deploys despite losing soldiers (10:25 12/4)

[2008 U.S. Recession]: Why Rich Consumers Matter More (10:25 12/4)

[2009 US Health Reform]: Senate votes to keep Medicare cuts in health bill (19:41 12/3)

Muzi.com : About | Sitemap | Ads | Contact
All Rights Reserved 1994-2006 - All rights reserved.