TIAA-CREF, the provider of retirement accounts for teachers and non-profit organizations, named Robert Leary as president of the asset-management business that has been expanding by overseeing funds for institutional investors.
Roger Ferguson, chief executive officer at TIAA-CREF, and W. Michael Hoffman, executive director of the Center for Business Ethics at Bentley University, discuss the university's "Business Ethics and the Financial Service Sector" event. Ferguson and Hoffman talk with Bloomberg's Pimm Fox and Vonnie Quinn on Bloomberg Radio's "Taking Stock."
Federal Reserve Chairman Ben S. Bernanke probably will be succeeded by Vice Chairman Janet Yellen when his term ends Jan. 31, according to a survey last week by International Strategy & Investment Group.
It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
Regulators should consider financial companies’ systemic roles to impose appropriate restrictions on firms whose collapse would cause the most damage, an international group of former and current central bankers said.
President Barack Obama named representatives from business and labor to his Council on Jobs and Competitiveness, including Kenneth Chenault , chief executive officer of American Express Co ., Richard D. Parsons , chairman of CitiGroup Inc., and Richard Trumka , president of the AFL-CIO.