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Finance ministers from the Group of 20, meeting in London, failed to agree Saturday on compensating bankers to reward them for long-term performance. The group, after discussing regulation of financial bonuses, decided to ask the Financial Stability Board to draw up a plan for presentation to the G20 summit this month in Pittsburgh, The New York Times reported.
U.S. Treasury Secretary Timothy Geithner said Wall Street banks were not backsliding into bad habits, but regulations needed to be tougher anyway. The big banks are running with much less leverage now, much more conservative liquidity cushions, Geithner told The Wall Street Journal Thursday.
A real estate agent in Westchester County, N.Y., estimated that U.S.
US Treasury Secretary Timothy Geithner, during a debate over plans to overhaul the US regulatory system, urged Congress Friday to end dumb regulation.
The Obama administration is mulling whether to bail out a key small-business lender, a consideration analysts say underscores how fragile the U.S.
U.S. Treasury Secretary Timothy Geithner said in London the U.S.
The Obama administration's 85-page regulatory reform proposal has run into a scatter shot of resistance from U.S.
US Treasury Secretary Timothy Geithner said a stronger regulatory system was needed to prevent an accumulation of financial risk in a modern market place.
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