American International Group Inc. said a U.S. panel told the insurer it’s under consideration to be labeled a potential risk to the financial system, the first non-bank to report such notification in a process that could lead to tighter capital rules.
Goldman Sachs Group Inc. and Citigroup Inc. are among U.S. banks that may have as long as a dozen years to cut stakes in in-house hedge funds and private- equity units under a regulatory revamp agreed to last week.
The Federal Deposit Insurance Corp. has authorized lawsuits against more than 50 officers and directors of failed banks as the agency aims to recoup more than $1 billion in losses stemming from the credit crisis.
A U.S. Treasury Department program to stimulate job growth by injecting $30 billion into banks for small-business lending has disbursed just $2.4 billion, with lenders and industry groups saying it fell victim to the sputtering economy and overly stringent rules.
Gerald J. Ford , who became a billionaire by purchasing distressed lenders during the savings and loan crisis, will inject $500 million into Pacific Capital Bancorp as the California company struggles to survive.
Senate negotiators will probably offer changes today to the financial overhaul bill to soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients.
Three former executives of Washington Mutual Inc. will together pay $400,000 out of pocket as part of a $64 million settlement with the Federal Deposit Insurance Corp. over the largest U.S. bank failure, according to a person briefed on the matter.