Topic: Financial Services Sector

Obama urges senators to support financial reform

WASHINGTON (Reuters) - President Barack Obama urged senators on Saturday to resist pressure to weaken a financial reform bill and called again for an independent consumer watchdog to help prevent future financial crises. As healthcare reform reaches a make-or-break vote in the House of Representatives on Sunday, Obama used his weekly ...
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Lehman Brothers

Lehman Brothers
FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee on the collapse of Lehman Brothers. A report by ...
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Bair says Senate bill must be tweaked

FDIC chairman says loopholes must be filled in Senate overhaul bill to end 'too-big-to-fail'A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that brought the government rushing in to bail out ...
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Regulators shut 7 banks in 5 states; 37 in 2010

Regulators shut banks in Alabama, Georgia, Minnesota, Ohio and Utah; makes 37 this yearRegulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year. The closings follow the 140 that succumbed in 2009 to mounting ...
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