LONDON, Aug 9- Ten years ago to the day, the European Central Bank pumped 95 billion euros into the banking system to prevent it from seizing up, marking the start of the global credit crisis. Though the ECB was rightly seen as the vanguard of crisis prevention back then, it soon fell in the slipstream of other central banks-- notably the Federal Reserve and Bank of...
"I still felt that if they were to slash rates more dramatically that they could have saved things," Jim Cramer says.
WASHINGTON, June 6- Ben Bernanke has a plea for U.S. policymakers on behalf of his regulatory heirs: Keep big banks out of bankruptcy court in the event of a future Wall Street meltdown. Bankruptcy court may be the wrong place for banks to meet their maker, the former Federal Reserve chairman said on Tuesday at the Brookings Institution in Washington.
*Greenberg's company Starr plans U.S. Supreme Court appeal. The Federal Circuit Court of Appeals in Washington said Greenberg's Starr International Co had no legal right to challenge the bailout because that right belonged to AIG, which chose not to sue. David Boies, Starr's lawyer, said "we respectfully disagree" with the decision and they would appeal to the U.S....
May 9- A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc during the 2008 financial crisis, in a defeat for former chief executive officer Maurice "Hank" Greenberg. The Federal Circuit Court of Appeals in Washington said on Tuesday that Greenberg's Starr International Co lacked...
The Federal Circuit Court of Appeals in Washington, D.C. reversed a lower court ruling that the government committed an "illegal exaction" by receiving a 79.9 percent AIG stake in exchange for an $85 billion loan from the Federal Reserve Bank of New York. In June 2015, it won a pyrrhic victory when Judge Thomas Wheeler of the Federal Court of Claims ruled that while...
Former Treasury Secretary Robert Rubin talks about the "outstanding" job Timothy Geithner and Larry Summers did during President Obama's term in office.
Four former U.S. Treasury secretaries will discuss key economic issues between the United States and China.
CNBC’s Andrew Ross Sorkin sits down with Bridgewater Associate’s founder Ray Dalio and Former Treasury Secretary Timothy Geithner at the 2016 Delivering Alpha conference.
CNBC's Kate Kelly reports investment titans had warnings for investors at the 2016 Delivering Alpha Conference in New York City.
Former Treasury Secretary Tim Geithner says the current political climate could lead to a "diminished capacity to make sensible economic choices."
Given a menu of all the challenges facing economic growth, the former Treasury secretary believes the U.S. political situation is the worst.
At the Delivering Alpha Conference, Ray Dalio, Bridgewater Associates Founder, and Tim Geithner, Former Treasury Secretary, speak to CNBC's Andrew Ross Sorkin about the U.S. financial system.
At the Delivering Alpha Conference, Ray Dalio, Bridgewater Associates Founder, and Tim Geithner, Former Treasury Secretary, speak to CNBC's Andrew Ross Sorkin about growth in the U.S. and global economy.
Giants of investing, business and policy will talk about the state of markets and the economy at the Delivering Alpha conference.
Former US trading commissioner Bart Chilton channels his inner Dr. Seuss in talking about Dodd-Frank five years later.
Five years after Dodd-Frank, we’re still waiting for Wall Street pay reform, says Sarah Anderson.
Former Treasury Secretary Tim Geithner says a financial crisis will happen again at some point, but reforms undertaken after 2008 can serve to mitigate the damage.
Former Treasury Secretary Tim Geithner, shares his thoughts on the U.S. economy, Janet Yellen's comments on the markets, and his new job in the private sector.
Former Treasury Secretary Tim Geithner, explains why he thinks the U.S. financial system is stronger now that before the 2008 financial crisis, and weighs in on the Dodd-Frank Act.