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Paul Volcker Profile, Biography, About

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  • TORONTO, June 4- The U.S. "The plot now thickens," Richard Fisher, president of the Dallas Federal Reserve Bank, said.

  • TORONTO, June 4- The U.S. "The plot now thickens," Richard Fisher, president of the Dallas Federal Reserve Bank, said.

  • COLUMN - The case for keeping Bernanke Sunday, 2 Jun 2013 | 4:10 PM ET

    June 2- Whisper it abroad: The U.S. economy is on the mend. Most recent indicators suggest that, five years after the start of the Great Recession, the "L-shaped" recovery is finally heading north. As Winston Churchill said after the Battle of Alamein, "This is not the end.

  • Volcker warns on limits of U.S. Fed's easy money Wednesday, 29 May 2013 | 2:00 PM ET

    NEW YORK, May 29- Former Federal Reserve Chairman Paul Volcker on Wednesday waded into the debate over when to reduce today's ultra-easy U.S. monetary policies, arguing that the benefits of bond-buying are "limited and diminishing" and warning that central banks are too often late in removing stimulus.

  • April 22- Credit Suisse Group AG has agreed to sell a private equity business to Blackstone Group, the latest move by an investment bank to sell a business with illiquid assets in order to appease regulators and bolster its balance sheet.

  • TOKYO/ FRANKFURT, April 18- It is your first day as the new U.S. But playing it could make Ben Bernanke and his global counterparts long for simpler times. "There was a time, not too long ago, when central banking was considered to be a rather boring and unexciting occupation," European Central Bank President Mario Draghi said this week.

  • Harper College has rallied around a number. When President Barack Obama called for 5 million more community-college graduates by the end of the decade to boost U.S. competitiveness, this commuter school 30 miles northwest of Chicago figured out it would need to produce 10,604 additional graduates to do its part.

  • NEW YORK, March 4- Goldman Sachs Group Inc is trying to find ways to keep investing in the profitable, albeit risky, business of buying and selling companies without crossing a rule that will restrict private equity investing, three sources familiar with the new business said over the past week.

  • Volcker urges progress on namesake trading ban Monday, 4 Mar 2013 | 4:47 PM ET

    WASHINGTON, March 4- A fragmented regulatory landscape and obstruction by lobbyists are to blame for a lack of progress in banning banks from betting with their own money, Paul Volcker said on Monday.

  • Occupy the SEC, a subset of Occupy Wall Street that focuses on financial regulators such as the Securities and Exchange Commission, said it wants a federal court to order regulatory agencies to put out final regulations to enforce the Volcker rule, as the ban on speculation by banks is known.

  • *Bank of America and Citi pull back from private equity. "I was skeptical, met with the people and became convinced that they absolutely knew what they were doing and that this was a business we could manage and do well," said Kovacevich, who became CEO of Wells Fargo when it merged with Norwest in 1998, and retired as chairman of the fourth-largest U.S. bank in 2009..

  • PARIS, Feb 12- Paris prosecutors asked a criminal court on Tuesday to fine French energy company Total 750,000 euros for corrupting foreign agents during the U.N. oil-for-food programme for Iraq a decade ago.

  • *Iraq says companies conspired with Saddam Hussein regime. District Judge Sidney Stein in Manhattan said the government of Iraq could not recover damages and other remedies under a U.S. anti-racketeering law because most of the wrongful conduct took place in foreign countries.

  • CHICAGO, Feb 5- Illinois Governor Pat Quinn, already the most unpopular governor in the nation, has his work cut out for him at his annual "state of the state" speech on Wednesday- and this time he probably won't be relying on a python named "Squeezy."

  • PARIS, Feb 5- The chief executive of Total told a French court on Tuesday he had no knowledge that the French oil giant was buying illegally procured oil during the United Nations oil-for-food programme over a decade ago.

  • Wall Street executives fret about talent drain Sunday, 27 Jan 2013 | 12:15 AM ET

    DAVOS, Switzerland, Jan 27- As the titans of Wall Street banks gathered to network, gossip and consider the future of their beleaguered industry in Davos over the past week, one common worry emerged: who is going to take over when we leave?

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