The investigation into the bank’s ex-employees is a new chapter in the Libor probe
Financial Regulation
Google Reaches Antitrust Deal With E.U.
Avoids billions in penalties but must change its continental web model
Apple Will Refund Parents Whose Kids Splurged On Apps
Company will pay out at least $32.5 million to parents with app-happy kids
Three Traders Charged in LIBOR Scandal
Latest criminal charges in interest rate falsification
Feds Target Wall Street Over Post-Crisis Bonds Trading
It’s the first known probe into questionable mortgage bond sales after the meltdown
Janet Yellen Will Be a Fed Chair for the Real, Everyday Economy
Janet Yellen, vice chairman of the Federal Reserve, was confirmed Monday by the Senate to succeed Chairman Ben Bernanke as the next head of America’s central bank. Her term, which begins Feb. 1, will mark an important shift in
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Big Oil’s Latest Risky Gambit: Moving in on Wall Street’s Turf
The Volcker Rule, finalized just last week, is already having a big effect on the Wall Street—with banks losing commodity derivatives business to non-bank companies like BP, Cargill, and Koch Industries. The regulation prevents …
What Wall Street Can Do to Avoid Overregulation
Complaints and lawsuits cannot solve the problem of overregulation, only ideas can, but for an industry built on ideas for success, Wall Street seems surprisingly short of creativity.
Broadly speaking, Wall Street exists for …
Budget Deal Is a Tipping Point for the US Economic Recovery
Whisper it—we may be at a tipping point in the US economic recovery. The announcement that U.S. budget negotiators have reached a provisional two-year deal to avert another government shutdown (which had been set to happen, …
Everything You Need to Know About the Volcker Rule
You’ve probably heard the term “Volcker Rule” thrown around a lot, especially as five separate financial regulators vote on whether to approve the final rule Tuesday. Here’s everything you need to know about about this …
Europe Fines Banks $2.3 Billion for Fixing Rates
LIBOR benchmark rate at issue
SAC To Pay $1.8B To Settle Fraud Charges
Prosecutors say the company made hundreds of millions of dollars illegally