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Results: 1-10 of 67

IMF issues biannual Global Financial Stability Report

  • Alston & Bird LLP
  • -
  • Global
  • -
  • October 1 2010

On Wednesday, the IMF released chapters 2 and 3 of their biannual Global Financial Stability Report, which the IMF referred to as the "analytical chapters."

House subcommittee holds hearing on future of housing finance

  • Alston & Bird LLP
  • -
  • USA
  • -
  • September 15 2010

Earlier today, the House Financial Services Committee's Subcommittee on Capital Markets, Insurance and Government Sponsored Entities held a hearing entitled "The Future of Housing Finance: A Progress Update on GSEs" to discuss the primary causes of the financial downfall of Fannie Mae and Freddie Mac and to review the progress in improving the management of the GSEs over the two years since they were placed in conservatorship

Financial Crisis Inquiry Commission holds first public hearing

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 14 2010

Yesterday, the Financial Crisis Inquiry Commission (FCIC) held its first public hearing to discuss the causes of the financial markets crisis

Geithner testifies before Senate Banking Committee regarding regulatory restructuring proposal

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 18 2009

Today, Treasury Secretary Timothy Geithner testified before the Senate Banking Committee at a hearing entitled "The Administration’s Proposal to Modernize the Financial Regulatory System," to discuss the administration’s proposed regulatory overhaul

Seaway Bank and Trust Company assumes all of the deposits of First Suburban National Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 25 2010

On Friday, the Office of the Comptroller of the Currency closed First Suburban National Bank, headquartered in Maywood, Illinois, and appointed the FDIC as receiver

U.K. Insurance Industry Working Group publishes report

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • July 28 2009

Yesterday, the U.K.’s Insurance Industry Working Group, which is co-chaired by the Chancellor of the Exchequer Alistair Darling and Aviva's Group Chief Executive Andrew Moss, published its report on the challenges currently facing the insurance industry

Ireland announces plan to acquire property loans

  • Alston & Bird LLP
  • -
  • Ireland
  • -
  • September 16 2009

Earlier today, Ireland’s government announced additional details of its plan to acquire property loans from struggling banks in order to bring additional liquidity and stability to the troubled Irish financial system

Premier American Bank assumes deposits of Peninsula Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • June 28 2010

On Friday, the Florida Division of Financial Institutions closed Peninsula Bank, headquartered in Englewood, Florida, and appointed the FDIC as receiver for the bank

Ecofin approves compromise regarding financial supervision and economic governance measures

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • September 8 2010

On Tuesday, the Economic and Financial Affairs Council of the European Union ("Ecofin") announced various conclusions reached at its meeting held earlier in the day, including compromises regarding reform of the EU's framework for financial supervision and coordination of member state economic policies

New General Motors emerges from bankruptcy

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 12 2009

On Friday, the new General Motors (GM) began operations with a new corporate structure, and is now primarily owned by the governments of the U.S., Canada and Ontario, along with the UAW Retiree Medical Benefits Trust