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China Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson effectively put "a gun to the head" of Lewis to close the deal quickly, according to Republicans on the panel. "This transaction took place in a climate of fear and ...
China A congressional hearing on Thursday will examine Lewis' assertion that he was pressured by then US Treasury Secretary Henry Paulson and the Fed to complete the deal and keep quiet about Merrill's condition. Bernanke has said he "absolutely did not" ask ...
China WASHINGTON (Reuters) - Documents made public on Wednesday confirm former US Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil ...
China In addition to former Treasury Secretary Henry Paulson, and Fed Chairman Ben Bernanke, top aides for each could also face scrutiny as part of the investigation, the newspaper said on its website. In a recent probe conducted by New York Attorney General ...
China By Grant McCool and Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co or lose his job, ...
China After six years as the head of TIAA-CREF, Allison retired in 2008 and was asked by former Treasury Secretary Henry Paulson to become conservator of Fannie Mae. In early April, Allison defended Fannie Mae's bonus payments to several thousand employees ...