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Results: 1-10 of 54

Chairman Bernanke presents semi-annual monetary policy report to Senate Banking Committee
  • Alston & Bird LLP
  • USA
  • February 26 2010

Yesterday, Federal Reserve Chairman Ben Bernanke delivered his semi-annual monetary policy report to the Senate Committee on Banking, Housing, and Urban Affairs


Moody's discloses receipt of Wells Notice
  • Alston & Bird LLP
  • USA
  • May 10 2010

In its Form 10-Q filed late on Friday, Moody's Corporation disclosed that, on March 18, 2010, it "received a 'Wells Notice' from the Staff of the SEC stating that the Staff is considering recommending that the Commission institute administrative and cease-and-desist proceedings against MIS in connection with MIS's initial June 2007 application on SEC Form NRSRO to register as a nationally recognized statistical rating organization under the Credit Rating Agency Reform Act of 2006


Dodd and Shelby announce agreement on portions of legislation
  • Alston & Bird LLP
  • USA
  • May 5 2010

Today, as the Senate continued floor debate on financial reform legislation, Senate Banking Committee Chairman Christopher Dodd (D-CT) announced that he had reached an agreement with Ranking Member Richard Shelby (R-AL) on "provisions for orderly liquidation and emergency liquidity programs in the bill to bring accountability to Wall Street."


FOMC continues commitment to low rates
  • Alston & Bird LLP
  • USA
  • April 29 2010

Yesterday, the Federal Reserve’s Federal Open Market Committee (FOMC) released a statement regarding its view of the present state of the U.S. economy and the likelihood of future changes in the Federal Reserve’s open market activities


SEC announces roundtable on securities lending and short sales
  • Alston & Bird LLP
  • USA
  • September 13 2009

The SEC announced it will hold a roundtable about securities lending on September 29 and a roundtable on short sale issues on September 30


Goldman settles "naked shorting" allegations
  • Alston & Bird LLP
  • USA
  • May 5 2010

Yesterday, a Goldman, Sachs & Co. subsidiary, Goldman Sachs Execution & Clearing, L.P. (GSEC), settled allegations by NYSE Regulation and the Securities and Exchange Commission that GSEC violated Rule 204T of Regulation SHO by "failing to timely close out fail to deliver positions."


Treasury, Federal Reserve, FDIC and OCC issue joint statement regarding Supervisory Capital Assessment Program, Capital Assistance Program and repayments of CPP funding
  • Alston & Bird LLP
  • USA
  • May 6 2009

This afternoon, the Treasury Department, Federal Reserve, FDIC and OCC issued a joint statement addressed a variety of questions arising under the pending Supervisory Capital Assessment Program (SCAP) and its interrelationship with Treasury's Capital Assistance Program (CAP


FOMC issues upbeat outlook
  • Alston & Bird LLP
  • USA
  • September 23 2009

Today, the Federal Reserve's Federal Open Market Committee (FOMC) issued a statement that included a somewhat more upbeat assessment of the prospects for economic recovery than prior FOMC statements


Repurchases of senior preferred stock held by Treasury: a critical decision for CPP participants
  • Alston & Bird LLP
  • USA
  • May 11 2009

The repurchase of senior preferred stock sold to the U.S. Treasury Department under the Capital Purchase Program (CPP) is coming to the forefront as a critical and possibly unavoidable decision for every banking organization that has participated in the CPP


Geithner: "the financial system is starting to heal"
  • Alston & Bird LLP
  • USA
  • May 13 2009

In a speech this morning before the Independent Community Bankers of America (ICBA), while acknowledging that "the process of financial recovery and repair is going to take time," Treasury Secretary Geithner cited several key metrics that indicated that "the financial system is starting to heal"