Keegy United States - bailout - Pay czar leads way: Obama hints at further compensation cuts for Wall St. bailout babies

Pay czar leads way: Obama hints at further compensation cuts for Wall St. bailout babies

President Obama on Thursday hailed his pay czar's haircut for top execs at bailed-out companies and suggested he'd like a scalping on a bigger scale. ...

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Money - ...ily News — October 23

3 Votes vote

Société Générale to Raise Funds to Repay Bailout

Société Générale, the French bank, said Tuesday that it aimed to raise $7.1 billion by issuing new shares in order to pay back aid received from the French government and to buy the 20 percent of Crédit du Nord that it does not already own. ...

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DealBook NyTimes — October 06

3 Votes vote

Banks' Plans to Pay Back Britain Pose a Dilemma

As banks around the world seek to wriggle out of public supervision by repaying bailout money, such efforts by two of Britain's largest banks are creating an awkward problem for the British government. ...

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DealBook NyTimes — October 23

3 Votes vote

ING announces plan to split into two units to Satisfy EU

Dutch ING Group NV (ING.AS) will split itself in two and launch a 7.5 billion euro ($11.3 billion) rights issue as part of a deal with the European Commission. Shares in Belgian financial group KBC (KBC.BR) fall as much as 13.3 percent to 27.33 euros, their lowest point since Sept. 4, with analys ...

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CEOWORLD Magazine — October 27

2 Votes vote

Panel Says Obama Plan Won’t Slow Foreclosures

The Congressional Oversight Panel, created last year to keep tabs on taxpayer bailout funds, said the Obama administration’s program would prevent fewer than half of predicted foreclosures. ...

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NYT > Business — October 10

2 Votes vote

Top Employees Flee Pay-Limited Firms

Remember that plan by Obama’s pay czar to radically limit executive pay at bailed out banks? And how some of us were predicting that they’d just go to companies whose pay was not limited? Well, it didn’t take long. Even before the Obama administration formally tightened ex...

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Outside ...ay | OTB — October 23