FORTUNE (NEW YORK) -- News from the Paul Volcker front: No, he has not persuaded the Obama administration to toughen up its policies about the proprietary trading of the big U.S. banks, a move he's been vigorously campaigning for in his job as chairman of the Economic Recovery Advisory Board.
But his powers of persuasion have worked elsewhere: Volcker has just become engaged to his longtime assistant, Anke Dening. The former Federal Reserve boss proposed on Thanksgiving Day and the two then traveled to Germany to visit her relatives. And now they're vacationing in the Turks and Caicos Islands.
A widower, Volcker is 82 and his fiancee younger by perhaps 15 to 20 years--friends aren't sure of her age.
|Bank of America Corp...||13.47||-0.04||-0.32%|
|Ford Motor Co||15.00||-0.06||-0.37%|
|Cisco Systems Inc||23.86||-0.09||-0.38%|
|JPMorgan Chase and C...||53.24||0.95||1.82%|
Apple executives including CEO Tim Cook are due to appear before a Senate subcommittee on Tuesday, as lawmaker study how multinationals keep profits offshore for tax purposes. More
Only a tiny fraction of small businesses must comply with new Obamacare rules. And most of them are already providing insurance to employees. More
While the average African American is feeling more financially secure, many still feel neglected by the financial industry, new research shows. More