Roger Ferguson News
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Federal Reserve Vice Chairman Janet Yellen is seen by a third of international investors as the most likely to take the helm of the central bank when Ben S. Bernanke’s term ends in January.
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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.
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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."
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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.
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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.
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Andrew Brimmer, an economist who became the first black member of the U.S. Federal Reserve Board when President Lyndon B. Johnson appointed him in 1966, has died. He was 86.
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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.
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Lawmakers concerned that Americans may outlive their savings are looking at ways to make the money last through retirement.
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John Rodwick cuts corners so he has money to spend on his seven grandchildren and cruise around the Rocky Mountains with his wife, Jean, in their blue-trimmed Roadtrek motor home.
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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.
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