The bots are alright? Heard on the Street: Elon Musk’s new Twitter diligence is as questionable as the bots he want… https://t.co/9BUzva0amo— 8 hours 32 min ago via@theofrancis
Wow: Allianz SE subsidiary (U.S.) agrees to pay more than $6 billion in penalties, restitution. https://t.co/DmnEa0grnk— 1 day 4 hours ago via@theofrancis
Now with a link to the verdict itself: A state judge struck down a 2018 California law requiring companies in the s… https://t.co/9pS9jRx2bM— 1 day 23 hours ago via@theofrancis
CEO pay today: Half made more than $14.7 million in 2021. Nine got pay packages of $50+ million, sometimes much mor… https://t.co/uxljOPokiX— 3 days 6 hours ago via@theofrancis
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By Friday evening, the heads of the world's 20 biggest economies -- from the US to South Africa, encompassing 85 percent of global economic activity -- will have dined, met, lunched, met again, and made their pronouncements.
If history is any judge, there may not be much in the way of immediate or lasting results.
Regulators, investors, and policymakers are breathing a sigh of relief about the banks. Profits are up. Bank share prices are surging. And on June 9 Uncle Sam gave 10 banks the go-ahead to pay back $70 billion in bailout funds. "These are early signs of repair and improvement," Treasury Secretary Timothy F. Geithner said in a press briefing.
World leaders are talking bravely about fixing the global financial system. As the Group of Twenty heads toward an important summit in Pittsburgh on Sept. 24-25, they are vowing to bang out a regulatory structure that will keep rich, careless bankers from once again driving their firms to ruin and then getting bailed out by taxpayers.
The Federal Deposit Insurance Corp. isn't the only beneficiary of a plan to refill its coffers. The proposal, which the banking regulator announced on Sept. 29, also offers an intriguing way for financial firms to boost their capital and raise their profits.
Call it pay day in Washington: The Federal Reserve and Treasury made a splash by unveiling sweeping compensation rules, mostly for executives at banks and other financial companies.