WSJ: GE Capital, AIG Designated ‘Systemically Important’

The Wall Street Journal reported that members of the Financial Stability Oversight Council voted unanimously to designate GE Capital and AIG as “systemically important.”

July 11, 2013 American International Group | GE Capital | The Journal | Wall Street Journal ABF Journal

WSJ: Hoover Brand Owner Wins Oreck Bankruptcy Auction

The WSJ reported that a Hoover brand owner was the highest bidder at the Oreck bankruptcy auction, squelching the Oreck family’s chance at buying back its namesake vacuum cleaner company.

July 10, 2013 Oreck | Techtronic Industries | The Journal | Wall Street Journal ABF Journal

WSJ: U.S. Suit Against S&P Tentatively Allowed to Proceed

The Wall Street Journal reported that U.S. District Judge David O. Carter said he would tentatively allow the Justice Department’s lawsuit against S&P to move forward.

July 9, 2013 Judge Carter | The Journal | U.S. Suit Against S&P Tentatively | Wall Street Journal ABF Journal

WSJ: Business Feels Pinch of Swift Rate Rise

The Wall Street Journal reported that sharp increases in long-term interest rates, triggered by Fed statements last week, threaten sales of homes, cars and other big-ticket items that have helped drive the recovery.

June 27, 2013 Federal Reserve | Interest Rates | The Journal | WSJ ABF Journal

WSJ: Banks Present Own Crisis Plan to Fed

The Wall Street Journal reported that several large banks submitted their own collective crisis plan to the Federal Reserve in an effort to preempt more stringent regulations.

June 24, 2013 Bank of America | Federal Reserve | The Journal | Wall Street Journal | wells fargo ABF Journal

WSJ: UK Prosecutors Likely to File LIBOR Charges

The Wall Street Journal reported that UK prosecutors are likely to file LIBOR manipulation charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.

June 18, 2013 Citigroup | criminal fraud charges | The Journal | The Wall Street Journal | WSJ ABF Journal

Thain Talks About CIT in Interview with WSJ

In an interview with the Wall Street Journal, CIT Group chief executive officer John Thain talks about what attracted him to CIT and what it’s been like over the past three years to preside over a business he didn’t really know well.

June 7, 2013 John Thain | The Journal | The Wall Street Journal ABF Journal

WSJ: GE to Shrink Finance Arm

The Wall Street Journal reported that GE chief executive Jeff Immelt said at an industry conference in Florida that GE Capital will be reduced to less than half its pre-crisis size by the end of 2014.

May 23, 2013 GE Capital | Jeff Immelt | Shrink Finance Arm The Wall Street Journal | The Journal ABFJ News

WSJ: Vote to Split Dimon’s Roles Fails

The Wall Street Journal reported that shareholders at JPMorgan Chase rejected a proposal to split Jamie Dimon’s dual roles as chief executive and chairman.

May 21, 2013 chief executive | Jamie Dimon | JPMorgan Chase | The Journal | Wall Street Journal ABFJ News

WSJ: Bank Bailout Blues Stall UK Recovery

The Wall Street Journal said that five years after rescuing Royal Bank of Scotland, the British government still hasn’t figured out what to do with it.

May 14, 2013 Bank Bailout Blues | government officials | RBS | Royal Bank of Scotland | The Journal ABFJ News