 |
|
|
|
 |
|||
While there’s been no shortgage of stories that question exactly what banks that receive money under the Treasury’s TARP program plan to do with that money, tracking down the details are a lot more difficult. In part, that’s because the Treasury department’s own website is an embarrassment that makes anyone trying to practice oversight, like [...]
There’s been endless stories written about executive compensation for banks participating in Treasury’s Capital Purchase Program. As the rules clearly spell out, compensation for the five named executives is capped at $500K and there’s additional restrictions on so-called golden parachutes. But I’ve yet to come across anything that looks at some of the perks — [...]
The deadline for banks to apply for the Treasury Department’s Capital Purchase Program is just hours away and as we’ve footnoted before, banks have been busily filing both their applications with Treasury and 8Ks with the SEC announcing their applications and approvals of Treasury funds. The WSJ has a handy list to show you who’s [...]
It’s no secret that banks that are receiving money from the Treasury under TARP have had to agree to limitations on pay for top executives. But it wasn’t entirely clear how the various banks would handle this. And then we spotted this 8K filed by Bank of New York Mellon (BK) late yesterday. In this [...]
Now that the Treasury Department has decided to let banks announce when the agency has decided to pony up money, banks are falling over themselves to issue press releases announcing the news. The funny thing — depending on your sense of humor — is that most of the press releases sound as if they were [...]
