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Tag Archives: house financial services committee

GOP: Geithner failed to tell Congress about LIBOR

WASHINGTON — Republican lawmakers are criticizing Treasury Secretary Timothy Geithner for failing to alert Congress four years ago that banks could manipulating a key global interest rate. Geithner defended his actions at a hearing Wednesday of the House Financial Services ...

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Bernanke: Fed’s efforts have helped the economy

WASHINGTON — Chairman Ben Bernanke told lawmakers Wednesday that the Federal Reserve’s efforts to bolster growth have helped lift the U.S. economy out of the Great Recession. But he acknowledged that growth remains weak and the Fed can only do ...

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Dimon: JPMorgan trusted risk models before loss

WASHINGTON — JPMorgan Chase CEO Jamie Dimon says the bank did its best to fully inform investors about its risk strategy several weeks before it suffered a $2 billion-plus trading loss. Dimon told the House Financial Services Committee Tuesday that ...

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Bernanke notes economy better than expected

WASHINGTON — Chairman Ben Bernanke told lawmakers Wednesday that the economy has performed better in recent months than the Federal Reserve had expected. If the trend continues, he said the Fed might have to reassess its outlook for a slow ...

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