Tag Archive | "Financial Crisis"

FDIC chief puts blame on Fed for crisis

The Federal Deposit Insurance Corporation laid much of the blame for the financial crisis at the door of the Federal Reserve on Thursday in testimony to an inquiry that causes fresh problems for the central bank

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Wall Street titans face the flak

Four of Wall Street’s biggest names offered both contrition and a defence of their actions as the Financial Crisis Inquiry Commission promised to use its subpoena power to probe the causes of the crisis

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US and UK banks face political heat

Banks on both sides of the Atlantic scrambled to respond to mounting political pressure as public anger over their bonuses grew and US officials worked on a new levy to recoup the government’s losses in the financial crisis

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