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CFTC ACTS TO HELP PREVENT ANOTHER FINANCIAL CRISIS The Commodity Futures Trading Commission today adopted two proposed rules establishing phased-in effective dates for financial reforms.  The rules relate to... Read More
CFTC PUTS WHISTLEBLOWERS TO WORK TO PROTECT AMERICAN TAXPAYERS Dennis Kelleher, president and chief executive officer of Better Markets, made the following comments today on the Commodity Futures Trading Commission’s... Read More
"We don’t know what exactly was done by Kweku Adoboli, the man accused of being a “rogue trader” at UBS, but the bare facts of his life are significant in themselves. A 31-year-old Ghanaian, who went... Read More
“'If the euro fails, then Europe fails.'  Angela Merkel’s staunch defence of the single currency, made in the Bundestag this month, is widely shared by other European leaders. The German chancellor... Read More
"The European Central Bank still has plenty of ammunition left in its monetary policy bandoleers. The question is whether it will use it." Read the full article at The New York Times
"The governing board of Alabama’s most populous county voted Friday to accept an agreement on how to restructure more than $3 billion of debt, avoiding what could have been the biggest municipal bankruptcy filing... Read More
"Americans’ wealth declined this spring for the first time in a year, as stocks and homes fell in value, a Federal Reserve report said Friday. At the same time, corporations increased the size of their cash... Read More
"The American political discussion has finally turned to the right target: jobs." Read the full story at The New York Times
"The scandal at UBS AG is casting a harsh spotlight on a corner of the financial world—so-called Delta trading—that Wall Street has been counting on to boost revenue in the wake of a financial crisis.... Read More
 "UBS AG's disclosure that a rogue trader blew a $2 billion hole in its balance sheet could not come at a worse time for the European banks, which have spent much of the past two years trying to water down... Read More
"A report from the Securities and Exchange Commission's internal watchdog will recommend that the Justice Department review whether the SEC's former top lawyer broke conflict-of-interest laws, according to... Read More
"... the longtime former J.P. Morgan banker isn't fazed by an industry often characterized by arcane terms and obscure practices. This past spring, he urged investors in meetings aimed at drumming up support for a... Read More
"Officials in Jefferson County, Ala., voted Friday to accept a deal with holders of $3.14 billion of county debt, avoiding at least for now what would have been the largest municipal bankruptcy in U.S. history. ... Read More
"Corporations have a higher share of cash on their balance sheets than at any time in nearly half a century, as businesses build up buffers rather than invest in new plants or hiring.  Nonfinancial companies held... Read More
"An alleged trading scheme at UBS AG went undetected for three years before it was finally discovered, triggering a $2 billion loss, U.K. authorities indicated Friday as they charged a 31-year-old trader at the Swiss... Read More
"Treasury Secretary Timothy F. Geithner delivered an unusually direct plea for action to his counterparts in Europe on Friday, urging leaders to move with more unity to head off a potential new wave of financial crisis... Read More
The Federal Deposit Insurance Corporation took an important step this week toward getting big financial institutions, foreign and domestic, to submit resolution plans — also known as living wills or funeral plans... Read More
"UBS AG's disclosure that a rogue trader blew a $2 billion hole in its balance sheet could not come at a worse time for the European banks, which have spent much of the past two years trying to water down regulatory... Read More
A leading US regulator has warned that the US “cannot be the world’s financial policeman” amid fears over a divergence between global authorities on rules reshaping the derivatives industry. Scott O’... Read More
Wall Street’s self-regulator is stepping up its bid for more power, telling Congress on Tuesday that it is well equipped to replace the Securities and Exchange Commission as overseer of the investment advisory industry... Read More