Practice

After years of trying, Sen. Richard Durbin, D-Ill., finally succeeded Thursday in passing a measure that would restrict interchange fees.

FINRA said it would continue to bar individuals who engage in deceit and theft.

A Heisman Trophy winner and former vice chairman of Citigroup Private Bank, has been named to Wilmington’s advisory board.

GE Funding Capital Market Services Inc., a subsidiary of General Electric Capital Corp., does not agree with the Securities and Exchange Commission’s plans to file charges against it in connection with an industry-wide investigation of guaranteed investment contracts and derivatives, but is discussing the matter, including a “potential resolution,” with SEC staff.

Far from serving as the fall guy for the financial crisis, the central bank will emerge with its existing powers intact and enhanced authority over systemically risky companies if the current Senate bill becomes law.

TD Ameritrade released a survey last week looking into how Americans define financial success. More than a third of the respondents (39%) said they define it by being debt-free. Another 29% said that financial success is being able to save money and pay for long-term goals like education and retirement.

The panel ruled in favor of Mesirow, but panel chairman Richard Belmonte wrote a one-sentence dissenting opinion, in which he said the award “is grossly contrary to the manifest weight of the evidence and the applicable Illinois law.”

Elena Kagan urged the high court to reject an endorsement of the Gartenberg standard.

Vanguard Chairman Emeritus Jack Brennan will represent mutual funds on joint committee.

While Senate leaders said they would like to complete a vote on regulatory reform legislation this week, that goal is looking increasingly unrealistic.