Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm for sexual harassment and discrimination, according to a lawsuit filed in California's Superior Court.
The head of the SEC told lawmakers on Tuesday that her agency is probing JPMorgan's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk.
Monday, 21 May 2012 | Source: The Associated Press
Mitt Romney and his party raised a sizable $40 million last month, but many donors who backed his primary election challengers have not come to his aid.
Former Goldman Sachs board member Rajat Gupta's insider trading trial began on Monday with the government saying it would call a former top Goldman banker and a current board member as two of its first witnesses.
The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide, The New York Times reports.
Mitt Romney raised almost as much money as President Obama last month, taking in more than $40.1 million in fundraising efforts for his campaign and the Republican Party.
Conflicting signs are emerging in Washington over whether JPMorgan Chase’s surprise trading loss will spur tighter regulation on Wall Street, The New York Times reports.
Saturday, 12 May 2012 | Source: The New York Times
Soon after lawmakers finished work on new financial regulations, JPMorgan lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios. The New York Times reports.
Fitch Ratings cut the bank's credit rating one notch to A-plus from AA-minus late on Friday, citing its recent disclosure of a massive $2 billion trading loss, the result of a failed hedging strategy.
Friday, 11 May 2012 | Source: The Associated Press
Newly released footage from January 2011 shows Wisconsin Gov. Scott Walker describing a "divide and conquer" strategy for going after the state's public employee unions.
United States and British regulators have been in discussions with the bank for almost a month about the trading group that disclosed more than $2 billion in losses, The New York Times reports.
JPMorgan Chase’s $2 billion trading loss, which was disclosed on Thursday, could give supporters of tighter industry regulation a huge new piece of ammunition as they fight a last-ditch battle with the banks over new federal rules that may redefine how banks do business. The New York Times reports.
There are plenty of reasons Facebook's IPO had a disappointing debut on Friday, but new information is emerging on why the stock selloff nearly turned into a run on Monday.... Read More
Tax codes, employment regulations and retirement security are the top three election issues for small business owners, according to payroll service provider Paychex... Read More
It is almost certain that, at the very least, the Fed (not wanting to exacerbate its reputation for throwing taxpayer money at “Too Big To Fail” problems), would have backed JP Morgan off these trades long ago... Read More
These circumstances take on a fantasy-world quality in that many of us continue to believe the bankers are so scary smart about our markets and economy... Read More
A new survey, by Thumbtack.com, shows that while overall tax rates and states and municipalities is an issue for small business owners, local regulations and licensing requirements pose even larger challenges.... Read More