Financial Services
House Passes Financial Reform Bill
A day earlier, Goldman Sachs(GS) said it would spike the cash bonuses of its top management this year, bowing to shareholder pressure. Last month, a slew of AIG execs threatened to resign if their pay was cut, and word emerged Friday that the infamous insurer's general counsel, Anastasia Kelly, would be doing just that, the New York Times reported.
Meanwhile Friday, at a Congressional hearing on Capitol Hill, the Securities and Exchange Commission's enforcement director vowed to pursue charges against Bank of America, stemming from the bonuses paid to Merrill Lynch executives when it acquired the firm in last year's crisis-induced shot-gun deal. -- Written by Scott Eden in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 14.60 |
Oil *
98.16
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DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
1.21 |
10 Yr
1.46%
SPDR Gold
151.62
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-0.21%
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-0.23%
|
-0.35%
|
-7.65%
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Data delayed 20 minutes |
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