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The settlements with Securities and Exchange Commission, the Massachusetts Attorney General and the Massachusetts Securities Division of the Office of the Secretary of State resolves investigations into losses from certain active fixed-income strategies managed by State Street Global Advisors.
February 4 -
WASHINGTON In a speech that amounted to a repudiation of congressional efforts to transform the regulatory system for banks, Federal Reserve Board Gov. Kevin Warsh suggested Wednesday that lawmakers were preoccupied by side issues.
February 4 -
WASHINGTON New initiatives from the Obama administration, including plans to tax large institutions and ban them from proprietary trading, and to offer community banks incentives to increase small-business lending, have run into a wall on Capitol Hill.
February 4 -
The Department of Labor’s new rules for advice in 401(k) plans are currently under review at the Office of Management and Budget and could be released as early as the end of the month.
February 3 -
The company was ordered to pay $12.1 million after being found liable for raiding AG Edwards branches.
February 3 -
Lawmakers sharply criticized the Obama administration's proposed bank tax on Tuesday, telling Treasury Secretary Tim Geithner it is unfair and counterproductive.
February 3 -
WASHINGTON An Obama administration push to ban banks from proprietary trading and limit their growth suffered a setback Tuesday as lawmakers from both parties raised concerns that the so-called "Volcker Rule" would have done little to nothing to prevent the financial crisis.
February 3 -
Companies cite defensive moves ahead of rate rise
February 3 -
The Labor and Treasury Departments have issued a request for information to determine whether annuities belong in 401(k)s. Specifically, the agencies want to know the benefits and the drawbacks to receiving retirement income in installments.
February 2 -
Most RIAs dont see any lost competitive advantage if a fiduciary standard is required for everyone
February 2
