November 10, 2009
Educators and policy makers suggest improved financial literacy for Americans may help economy improve.
U.S. (WiredPRNews.com) – Some are proposing that a lack of functional financial literacy for many Americans has played a role in current economic issues. As reported by BusinessWeek, educators and policy makers are advocating for improved financial literacy in the country after […]
June 11, 2009
The administration will reportedly not impose limits on pay to corporate executives.
Wired PR News – The Obama administration reportedly has no plans to cap the pay of corporate executives. As reported by the Associated Press (AP), despite the belief that excessive compensation has played a significant role in the current financial crisis, such limits will […]
March 19, 2009
The head of the insurance giant stated that executives have begun to return bonuses.
Wired PR News – AIG CEO Edward Liddy testified at a congressional hearing on Wednesday that some executives had begun returning their millions in bonus pay. As reported by the Associated Press (AP), Liddy made limited statements regarding payback of the bonuses, […]
March 17, 2009
The president vows to stop the company from paying out high executive bonuses.
Wired PR News – President Barack Obama has expressed intentions to stop insurance giant AIG from paying out high bonuses to executives. As reported by the Associated Press (AP), Obama stated on Monday that he would attempt to block the company from paying […]
February 14, 2009
JPMorgan and Citigroup make plans to stop foreclosures.
Wired PR News.com – JPMorgan Chase & Co. and Citigroup Inc. have announced plans to stop foreclosures on homes as the current administration works to provide relief for homeowners. As reported by the Associated Press (AP), Chief Executive of JPMorgan, Jamie Dimon, said in a statement released Friday […]
February 10, 2009
Investors react with frustration over the lack of details in Treasury Secretary Geithner’s announcement of the government’s bank recovery plan.
WiredPRNews.com – Investors showed their frustration with continued uncertainty on how the government will restore the financial health of the banking system on Tuesday. As reported by the Associated Press (AP), many investors decided to unload […]
December 30, 2008
A reported 43 banks recently were recently given monies from the $700 billion allocated in a government rescue plan for financial institutions.
Wired PR News.com – The United States Treasury Department released information on Monday regarding recent recipients of the government bailout funds allocated to financial institutions. As reported by the Associated Press (AP), 43 banks […]
