Taco Bell is launching an advertising campaign Friday to fight back against a lawsuit charging its taco filling isn't beef.
Leading hedge fund managers have hit back at calls for tougher regulation of their industry made by Gary Cohn, Goldman Sachs president, in Davos. The Financial Times reports.
Bank of America does not need to raise fresh capital to comply with the new regulations shaping the financial world and the quality of its credit portfolios is getting better, CEO Brian Moynihan told CNBC.
Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.
Over at Barry Ritholtz’s “The Big Picture,” Bill Black has been publishing a series of posts on how mortgage lending should be regulated. Black, who is the author of “The Best Way To Rob A Bank Is To Own One,” does an admirable job at pointing out how pervasive fraud arises and undermines market discipline.
The new disclosure rules for hedge funds proposed by the CFTC and SEC this week are much better than I would have expected. But...
Federal regulators are examining disclosures by Illinois about its unorthodox pension funding method, trying to determine whether the state misled bond investors about the risks. The New York Times reports.
Investment advisers and stockbrokers should be subject to the same fiduciary standard of conduct — putting a customer’s interests above their own — rather than the different governance regimes that currently apply to the two groups, the Securities and Exchange Commission recommended on Saturday. The New York Times reports.
Here's a shocker: Washington imposes lots of dumb rules on its citizens—particularly beleaguered small businesses.
To put it simply and bluntly, Dodd-Frank & Basel III have components that are logically contradictory.
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers, the New York Times reports.
At a time when the Obama administration has vowed to redouble its efforts to create a green economy — and, more recently, to remove regulatory roadblocks and promote growth — companies that sell and install solar panel systems for residential and commercial customers are clamoring to be among the first in line. The New York Times reports.
President Obama, strengthened by his adjustment to GOP gains and his response to the Tucson shootings, saw his approval rating rebound to 53% from 45%, according to a new NBC News/Wall Street Journal poll.
Goldman Sachs executives have long been among the most richly paid on Wall Street in the best of times. They are now poised to reap a windfall that was sown in the dark days of the financial crisis in 2008, the New York Times reports.
Expanding the EFSF is not the right solution, said Andreas Treichl, the CEO of Erste Bank, the Austrian-based bank focused on lending in Eastern Europe. Treichl added that one way or another, Germany will ultimately end up picking up the bill.
New risk retention standards could restrict the availability of credit and hurt the economy if not carefully written, according to a report released on Tuesday by a new council of US regulators.
Barack Obama’s editorial in the Wall Street Journal is sure to land him in hot water with the left and perhaps win him a few supporters on the right.
"The White House is definitely going to be more accommodative of Wall Street, because they see the absolute big enchilada on the ground is unemployment," says one money manager.
The manufacturer of the most popular hunting rifle in the world has been aware of potential safety problems with the gun since before it went on the market—60 years ago. Newly uncovered documents, including memos and drawings by the gun’s inventor, show company officials discussing the potential problem, as well as whether a design change is worth “the high expenditure required to make the conversion.”
US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund, reports the Financial Times.