Word: wall
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...more interesting exchanges came when FCIC members asked the CEOs if they thought that Wall Streeters should get a portion of their compensation in the products they were selling to customers, like mortgage bonds or stocks. In late 2008, investment bank UBS instituted such a plan. The executives, however, said forcing banks and other employees to hold on to products they were selling would cause conflicts of interest and limit their ability to do business. Instead, the executives said they instituted so-called clawback provisions, which allow banks to reclaim compensation from bankers who sell products that cause the firm...
...Still, many believe the government needs to do more to rein in risky behavior on Wall Street. Among the proposals that have been promoted by President Barack Obama and Congress are a systemic regulator that would be on guard for markets and participants that were creating unseen risks in the financial system. Last month, the House of Representatives passed a bill that would create a new agency to protect consumers and regulate products like mortgages and credit cards. Even the Independent Community Bankers Association, which has fought new regulations of the financial sector, says the government needs to do more...
...Crimson’s sophomore sprinters claimed a second 1-2-3 finish in the 200-yard butterfly. Nicholas Tan captured the race for Harvard, touching the wall in 1:51.65, while classmates Niall Janney and Ross Ford placed second and third in the event...
Sophomore Rob Newell was Harvard’s third swimmer to claim multiple first-place finishes during the contest. Newell won both the 100-yard and 200-yard backstroke events, touching the wall in 51.91 and 1:51.38, respectively...
Freshmen Greg Roop and Brendan McIntee led the way in the 200-yard freestyle event. Roop touched the wall in 1:42.08, while McIntee who posted a 1:43.48 time...