If you're out this weekend and you encounter a swarm of tanned suits calling each other mate, it might just be the National Australia Bank executives on holiday attending an all-expense-paid leadership conference in San Francisco.According to the Australian publication Business Day, the trip will cost share-holders hundreds of thousands of dollars, including roundtrip Quantas business class airfares of 14,600 Australian dollars a head (that's $9,466 American). Although
Office of Thrift Supervision
Darrel Dochow
Darrel Dochow, the banking regulator found to have allowed IndyMac Bank to falsify financial records just before the Southern California lender collapsed last summer, confirmed in an e-mail that he will resign his post in March.
In his resignation letter, Dochow notes that upon retirement he will receive a pension amounting to 35 percent of the pay he received while serving as a top banking regulator.
That money will tide him over while he
Will the last vestige of government to leave please lower the flag?Scandal-plagued regional bank regulators' headquarters have been moved from South San Francisco to Dallas, suggesting the Bay Area is simply too corrupt and incompetent a site for serious watchdogs.
Last month, the director of the Office of Thrift Supervision stepped down after it was revealed that the South San Francisco-based West Region office signed off on falsified financial reports. In the scandal's wake, the agency announc
Joyce GoldschmidWarren Hellman, banjo messiah? With just a half-year to go before Golden Gate Park's Hardly Strictly Bluegrass festival, free-concert backer Warren Hellman is combing the wreckage of the global financial collapse, seeking to augment the fortune that keeps his massive three-day music festival stocked with first-rate talent.According to the financial newspaper The Daily Deal, Hellman & Friedman LLC is among the bidders for iShares, an exchange-traded fund business whose owner i
How U.S. financial firms -- including Bank of America -- allegedly abetted a multibillion-dollar fraud, and how U.S. regulators are letting them get away with it
The city and state say the Bank of America stole hundreds of millions -- even billions -- of dollars from the government. But didn't San Francisco finance officials know what was going on? And shouldn't B of A executives be under criminal investigation?
Banking experts qualify the service being hawked in this San Francisco Chronicle ad as a potential Ponzi schemeReaders skimming the ads on page D-2 of the Sunday, July 12 San Francisco Chronicle might have been surprised to see an extraordinary investment opportunity in a quarter-page advertisement running a couple columns below Scott Adams' Dilbert cartoon.
"You can now earn: 1 year -- 11.00 percent," the advertisement announces, urging readers to go to a Web site describing "investment notes"
Don't worry, hypothetical Michigan Tech alum Chris L. Martin! Dennis Herrera has got your back.When Minnesota Attorney General Lori Swanson hogged credit last month for attacking a loophole companies use to prevent consumer lawsuits, observers said San Francisco City Attorney Dennis Herrera was getting the short end of the stick. A July 17 settlement between Swanson's office and the National Arbitration Association upended the U.S. credit card industry by making it harder for companies to avo
On Friday, July 17 The Snitch warned readers that an advertisement published in the previous Sunday's San Francisco Chronicle seemed intended to lure mom-and-pop investors into possible financial disaster.News headlines Monday suggest our warning was valid. Advanta Corp., a bank holding company specializing in small business credit cards announced today it was filing for bankruptcy, throwing into question whether the company would pay in-full investment notes advertised in the Chronicle's bus
foam order.com
