Latest news on ‘Governance’
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Administrators sue UBS for $2bn for ‘enabling’ Bernie Madoff’s fraud
guardian.co.uk – The court-appointed trustee charged with recovering assets stolen by US fraudster Bernie Madoff is suing the Swiss bank UBS for $2bn (£1.25bn), claiming that it “enabled Madoff’s Ponzi [...]
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Obama To Make Statement On GM IPO Thursday
WASHINGTON (Dow Jones)–President Barack Obama will make a statement to the press Thursday on the initial public offering of General Motors Co. (GM) and the government is on track to [...]
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Fed’s bond buying plan boosts world stocks
Bloomberg – World stock markets surged Thursday while the dollar slid against the euro after the Federal Reserve confirmed that it will buy $600 billion in government bonds over the [...]
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QE2 is risky and should be limited
By Martin Feldstein
The Federal Reserve’s proposed policy of quantitative easing is a dangerous gamble with only a small potential upside benefit and substantial risks of creating asset bubbles that could [...] -
Rattner nears SEC settlement over charges-reports
(Reuters) – Steven Rattner, the former head of the U.S. auto task force, is close to settling with the Securities and Exchange Commission over charges he took part in a [...]
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Fed says it’s ready to take action to avert deflation
Reporting from Washington and Los Angeles — The Federal Reserve for the first time raised direct concern that the nation’s economy may be headed into a deflation trap and expressed [...]
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Bush Tax Cuts Not Important for US Economy: Summers
CNBC – Maintaining tax cuts for top wage-earners should take a back seat to other more pressing measures, White House economic advisor Larry Summers said, in a signal the administration [...]
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Department of Justice expects to sue oil companies in gulf spill
WASHINGTON — The Department of Justice announced Tuesday that it expected to file suit against the oil companies involved in the massive oil spill in the Gulf of Mexico for [...]
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U.K. Regulators Ding Goldman With $27 Million Fine
Financial services juggernaut Goldman Sachs Group on Thursday was fined 17.5 million pounds, or about $27 million, by regulators in the U.K. because it failed to notify the government about [...]
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SEC Weighs High-Frequency Trading Rules After Plunge
(Bloomberg) — U.S. Securities and Exchange Commission Chairman Mary Schapiro said her agency may impose new rules on high-frequency traders after lawmakers and investors questioned whether market participants who execute [...]
