Discussing the legal challenges facing the Volcker Rule, with Bart Naylor, Public Citizen financial policy advocate, and Marc Lopresti, Lopresti Group. "Market participants are concerned where the line gets drawn," says Lopresti in regards to the Volcker Rule.» Read More
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m.. WASHINGTON _ Labor Department releases job openings and labor turnover survey for October, 10 a.m.. WASHINGTON _ Senate Finance Committee hearing on President Barack Obama's nominee to head the Internal Revenue Service, 10 a.m..
WASHINGTON-- The Financial Industry Regulatory Authority said Monday that Oppenheimer& Co. Inc. will have to pay $921,000 in fines and restitution for charging customers unfair prices for municipal securities transactions.
SILVER SPRING, Md.-- Specialty drugmaker United Therapeutics Corp. said Monday that it received a subpoena from federal regulators looking into the company's marketing of three drugs used to treat a form of hypertension. United Therapeutics said it intends to cooperate with the investigation. United Therapeutics shares fell 31 cents to $90.66 in trading.
*HSBC considering floating up to 30 pct of UK business- FT. LONDON, Dec 9- HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders. The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm.
Harvey Pitt, Kalorama Partners CEO and former SEC chairman, discusses the "toughened" version of the Volcker Rule and what can be expected from the new regulation. Pitt thinks there will be more restrictions across the board.
Dec 9- Natural gas exploration and production company Rice Energy Inc said it had filed with U.S. regulators to go public. Reuters reported in October that the privately held company, founded by former BlackRock Inc portfolio manager Daniel Rice and his children, planned a stock offering that could value the company at up to $2.5 billion.
Tuesday's vote "ushers in an era of Big Brother banking,'' a banking analyst tells USA Today.
Dec 9- Acura Pharmaceuticals Inc said the U.S. Food and Drug Administration agreed to review the results of a failed mid-stage trial of a painkiller made with the company's technology designed to deter abuse.
LONDON, Dec 9- HSBC Holdings Plc is considering floating up to 30 percent of its British retail and commercial banking arm to help meet UK regulation and unlock value for shareholders, the Financial Times said on Monday. HSBC is Europe's biggest bank with a market value of $200 billion and its UK arm is estimated to be worth about 20 billion pounds.
CNBC's Kayla Tausche explains the Volcker Rule wants to prevent banks from placing outsized trades using their own money. The rule is set to be approved on Tuesday.
CNBC's Kayla Tausche reports regulators are expected to approve a final draft of the Volcker Rule. Cantor Fitzgerald CEO Shawn Matthews, weighs in.
Gallagher is the second SEC commissioner in recent months to call for reforms to public company disclosures. The SEC is close to releasing the results of a study mandated by Congress that examines the regime governing corporate disclosures, known as "Regulation S-K," which could help pave the way for changes to the current rules.
Dec 6- Shares of Barnes& Noble Inc fell as much as 11 percent on Friday, a day after the U.S. Securities and Exchange Commission told the bookseller it had begun an investigation into a restatement of earnings announced on July 29.
The SEC has commenced an investigation into Barnes & Noble's accounting, pushing shares of the bookstore chain sharply lower.
Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.
NEW YORK/ LONDON, Dec 6- Just over three decades ago, Goldman Sachs bought a niche coffee-and-gold trading firm called J. Aron& Company, becoming one of the first banks to enter the commodity markets. On Thursday, Deutsche Bank, one of the five biggest players of the past decade, said it would quit commodities trading under regulatory pressure, cutting 200 jobs.
ATLANTIC CITY, N.J.-- A New Jersey lawmaker introduced a bill Thursday that would let his state's casino regulators oversee foreign Internet gambling companies if they move their operations to Atlantic City.
Dec 6- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, said it would spin off its Lands' End clothing business. The spinoff will be through a prorata distribution of Lands' End shares to shareholders, Sears said in a regulatory filing on Friday.
BUENOS AIRES, Dec 5- Argentina has begun talks with Repsol about compensation to the Spanish oil major for last years nationalization of the South American country's top oil company, YPF, a government official said on Thursday.
*Brazil antitrust watchdog rules against Telefonica. *Telefonica prefers sale of Brazil unit, Fossati against. Telecom Italia's 67 percent stake in TIM Participacoes has become an issue since TIM Brasil's biggest rival, Spain's Telefonica, agreed a deal in September to gradually take over Telecom Italia's controlling shareholder group, Telco.