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SAC Capital Was in Talks to Settle Government Probe in Early May; Talks Have Apparently Broken Down: Source

Timothy Geithner

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  • In Role Reversal, Goldman Chief Advises Dimon Wednesday, 15 May 2013 | 6:27 AM ET
    Jamie Dimon

    JPMorgan chief Jamie Dimon is seeking advice from Lloyd Blankfein as he wrestles with the fallout from a big trading loss. Not long ago, he was the one offering guidance.

  • Bernanke Watch: Is He Eyeing the Exit? Monday, 29 Apr 2013 | 7:03 PM ET
    Ben Bernanke, chairman of the Federal Reserve, and Janet Yellen, vice chair of the Federal Reserve

    As the Fed meets this week, all eyes are on Bernanke as Wall Street is buzzing that he will be leaving soon. Who will take his seat? Here's the one name that keeps coming up.

  • This Possible Fed Successor Has Admirers...And Foes Thursday, 25 Apr 2013 | 6:40 AM ET

    Janet Yellen is seen as a logical candidate to succeed the Federal Reserve chief Ben Bernanke, but critics remain wary of her stance on inflation.

  • Europe Risks 'Endless Depression' in Austerity Pursuit Wednesday, 10 Apr 2013 | 12:00 AM ET

    After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".

  • WASHINGTON, April 1- President Barack Obama announced on Monday he had chosen White House economic adviser Brian Deese to be deputy director of the Office of Management and Budget, confirming a Reuters report.

  • WASHINGTON, April 1- President Barack Obama will announce on Monday he has chosen White House economic adviser Brian Deese to be deputy director of the Office of Management and Budget.

  • WASHINGTON, April 1- President Barack Obama will announce on Monday he has chosen White House economic adviser Brian Deese to be deputy director of the Office of Management and Budget.

  • Fed Decision Ahead: Bernanke's Legacy  Wednesday, 20 Mar 2013 | 1:45 PM ET

    If Fed Chairman Bernanke is not nominated again, who might likely take over? Neil Irwin, The Washington Post; Michael Santoli, Yahoo! Finance; Ben White, Politico; and Josh Boak, The Fiscal times, share their opinions.

  • COLUMN-Cyprus gets on with it: James Saft Tuesday, 19 Mar 2013 | 2:59 PM ET

    March 19- Unfair and a bungle it may be, but the plan to levy bank deposits in Cyprus does have its virtues. The levy is a good thing for Cyprus in two ways: it helps to protect future taxpayers; and it will tend to shrink the island's grossly distended financial services industry. To be clear, as originally proposed, the bailout of Cyprus banks is an outrage.

  • Treasury Secretary Jack Lew will press China to take "serious steps" to stop cyber attacks directed at the United States and urge the administration of new Chinese President Xi Jinping to accelerate economic reforms, a U.S. official said on Friday.

  • *Cabinet secretaries to visit China soon in separate visits. WASHINGTON, March 14- President Barack Obama took mounting U.S. concerns about computer hacking straight to China's president on Thursday in a sign of how seriously the United States takes the threat of cyber attacks emanating from China.

  • *Cabinet secretaries to visit China soon in separate visits. WASHINGTON, March 14- President Barack Obama took mounting U.S. concerns about computer hacking straight to China's president on Thursday in a sign of how seriously the United States takes the threat of cyber attacks emanating from China.

  • *Lehman suing JPMorgan in $8.6 billion case. NEW YORK, Feb 28- The former JPMorgan Chase& Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.

  • JPMorgan says London Whale didn't cause Lehman bankruptcy Thursday, 28 Feb 2013 | 11:02 AM ET

    *Lehman suing JPMorgan in $8.6 billion case. NEW YORK, Feb 28- The former JPMorgan Chase& Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.

  • WASHINGTON, Feb 27- The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government's budget.

  • Jack Lew sworn in as U.S. Treasury secretary Thursday, 28 Feb 2013 | 12:54 AM ET

    WASHINGTON, Feb 28- Jack Lew was sworn in as U.S. Treasury secretary on Thursday, a White House official said, after winning bipartisan support in the Senate. Lew, a budget expert and former chief of staff for President Barack Obama, was confirmed by the Senate on Wednesday with 20 Republicans voting for him.

  • UPDATE 1-U.S. Senate approves Lew as new Treasury chief Wednesday, 27 Feb 2013 | 6:36 PM ET

    WASHINGTON, Feb 27- The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget. Some Republicans had expressed misgivings about Lew's perks from previous employers Citigroup and New York University.

  • *Committee votes 19-5 to send nomination to full Senate. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate. With the 19-5 vote, about half of the panel's 11 Republicans opposed Lew's nomination, which could be brought to the Senate floor for a final vote as early as Wednesday.

  • WASHINGTON, Feb 24- A Senate panel will vote this week on the nomination of Jack Lew to be U.S. treasury secretary, the committee said on Sunday. The Senate Finance Committee will meet on Tuesday to vote on Lew, President Barack Obama's pick to replace Timothy Geithner at Treasury, said the panel's chairman, Max Baucus.

  • WASHINGTON, Feb 13- President Barack Obama's choice to be the next U.S. Tax reform took center stage at the Senate Finance Committee's confirmation hearing for Jack Lew, Obama's nominee to replace Timothy Geithner.