Politics
Carl Levin
This time it is the turn of Access World, the metal logistics arm of Glencore that was previously known as Pacorini Metals, to feel the regulatory heat. Its U.S. subsidiary has just been hit with a $1.4- million fine plus costs for, the LME alleges, falsifying documents related to its storage of zinc in the U.S. port of New Orleans. Access World has settled with the LME...
Goldman Sachs is in talks with a Russian buyer, among others, about selling its embattled metal warehousing business.
Public pension funds have major stakes in American firms moving overseas to cut their tax bills. But they are saying little about the strategy.
The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.
Authorities declined to comment on a suspect or any other aspect of the investigation, but a senator says the person under suspicion writes a lot of letters to Senate members.
There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.
The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."
WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.
The FMHR traders discuss Senator Carl Levin's remarks on JPMorgan's losses and whether investors should buy Las Vegas Sands on its dip. Michael Binetti, UBS analyst, also weighs in on which retail stocks are a 'buy' or a 'sell.'
Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.
Should the U.S. be doing business with countries that are rich in resources — and friendly —but accused of corruption and human rights violations?
Shielding assets from the tax man or from overly inquisitive regulators is a time-honored strategy for the wealthy. Some turn to secretive financial havens like Switzerland or the Cayman Islands. Or there’s always Fernley, Nevada.
A gallery of protesters and pie-throwers and the public figures they have tormented.
Are hedge funds paying their fair share of taxes? One powerful senator doesn't believe they are giving Uncle Sam his fair share. John Carney, CNBC.com frames the debate.
Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.
