The fiduciary bill, sponsored by freshman Republican Representative Ann Wagner of Missouri, targets rulemaking efforts at both the U.S. Securities and Exchange Commission and the Department of Labor that would impose a fiduciary duty on certain kinds of financial advisers.
WASHINGTON, Oct 15- Negotiations in Congress to end the fiscal impasse sputtered on Tuesday, leaving both chambers grasping for a way to reopen the government and raise the country's borrowing authority with a Thursday deadline drawing near.
*White House predicted $943 million draw in April. WASHINGTON, Sept 27- The U.S. Federal Housing Administration said on Friday it will draw $1.7 billion in cash from the U.S.
*FHA needs the cash to maintain required capital cushion. *White House predicted $943 million draw in April. WASHINGTON, Sept 27- The U.S. Federal Housing Administration said on Friday it will draw $1.7 billion in cash from the U.S.
Sept 19- The "London Whale" trading scandal, once dismissed as a "tempest in a teapot" by JPMorgan Chase& Co CEO Jamie Dimon, is costing the largest U.S. bank $920 million in penalties and a rare public admission of wrongdoing.
WASHINGTON, July 24- a Republican-sponsored bill that would liquidate Fannie Mae and Freddie Mac and dramatically reduce the U.S. government backstop in the mortgage market was approved by a House of Representatives committee on Wednesday.