Hank Paulson

Hank Paulson News

  • Lewis, BofA Reach $25 Million Pact With N.Y. Over Merrill

    Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10 million to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch & Co.

  • Ukraine Aid Measure Approved With IMF Link House Opposes

    The Senate Foreign Relations Committee approved an aid package for Ukraine that will face opposition from Republicans over changes in U.S. funding for the International Monetary Fund.

  • Hank Paulson Regrets Nothing. Still.

    Hank Paulson, the U.S. Treasury secretary from 2006 to 2009,  remains convinced his emergency actions prevented another Great Depression.

  • Rogers Shuns Goldman Glare to Gain Power While Outlasting Corzine, Paulson

    John F. W. Rogers is known on Wall Street for four initials and an enviable fact of corporate geography. The F. and W. stand for Francis and William, though why Rogers uses them both is one of several mysteries he has either gone out of his way to cultivate or never seen fit to explain.

  • Former Treasury Chief Sees Accounting in the Price of Emission: Dumb Question

    How’s climate change a risk to me? This simple question has gone unanswered for too long.

  • Con Edison to Calculate Benefits Of Preparing Utility for Climate Change

    Bloomberg BNA – Electric utility Con Edison will conduct an economic analysis to quantify the benefits of preparing its infrastructure for the impacts of climate change, a company official said Feb. 10.

  • Young Bankers Seek ‘Good Yield’ With Their Own Nonprofits

    The founders of the Resolution Project don’t dwell on generosity or charity when they describe why their nonprofit mentors and funds young leaders. They favor the language of finance.

  • The Bernanke Doctrine

    In a speech this week to celebrate the Federal Reserve’s 100th birthday, Chairman Ben S. Bernanke said one of the central bank’s greatest strengths is its willingness, “during its finest hours,” to stand up to political pressure and make tough decisions. To remind him that those pressures aren’t new, Bernanke keeps in his office one of many two-by-fours that construction industry workers mailed to Paul Volcker to protest the former Fed chairman’s double-digit interest rates.

  • Hank Paulson Roars, Hedge-Fund Manager Despairs in Top 2010 Business Books

    “Mr. President, we’re going to move quickly and take them by surprise,” the U.S. Treasury secretary told George W. Bush . “The first sound they’ll hear is their heads hitting the floor.”

  • Wall Street Spin Machine Mobilizes for Corzine

    The highly compensated Wall Street spin machine never ceases to amaze me. Case in point: defending the indefensible Jon S. Corzine. As soon as the Commodity Futures Trading Commission sued the embattled former chairman and chief executive officer of MF Global Inc., the now liquidated brokerage, the spinmeisters mobilized.

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