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"The U.S. government's auditing regulator voted Tuesday to explore whether companies should have to change their outside auditors every several years, with the aim of improving audit quality and auditors'... Read More
"What is it about August? Though it's only Aug. 17, the U.S. economy has already been downgraded twice. One of those downgrades was ridiculous. The other was serious." Read the full story at Wall Street... Read More
U.S. regulators given new powers to dismantle “too-big-to-fail” financial firms are still working to draw up so-called living wills -- a central component of the toolkit needed to prevent future bailouts. While... Read More
Star banker Todd Edgar and his team of nearly a dozen fellow commodities traders are to leave Barclays as part of a stream of cuts designed to shed overheads and put the UK bank on target to hit profit targets….... Read More
"Wondering what the Obama administration is going to do about the jobs crisis? So, it seems, is everybody else. Even the Obama administration." Read the full story at The Washington Post
"So riddle me this: How did we go from blaming “banksters” for all our financial ills to now casting teachers, cops and firefighters as overpaid government slackers who are keeping an economic recovery from... Read More
"The stock market's recent wild swings have unsettled many investors, but they have led to record profits for high-frequency traders following months of disappointing returns, industry analysts and money managers... Read More
"In what can only be described as a triumph of bad policy and craven politics, Congress and the Obama administration have spent the year focused on budget cuts, as the economy has faltered and unemployment has worsened... Read More
"OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.... Read More
"The Federal Reserve’s announcement last week that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow.  But many economists say it will... Read More
"High youth unemployment is not just a North African problem. The looting that ravaged English cities last week happened in a country where one in five young people is jobless. The picture in the US is no better. In... Read More
"They were never going to attract outpourings of sympathy from the general public. But the job cuts that have hit whole echelons of the world’s biggest banks in recent weeks have not only attracted little... Read More
Bank of New York Mellon Corp., facing increasing allegations it improperly charged public pension funds for currency trades, favored other clients with red-carpet treatment and better pricing, a state attorney general... Read More
"Barely two years after the financial crisis ended, Treasury Secretary Timothy F. Geithner and Federal Reserve Chairman Ben S. Bernanke were back at it about a week ago. They were working the weekend phones with their... Read More
"Last week, the Federal Reserve announced it was lowering its forecast for the U.S. economy. The Fed now sees signs that economic growth is decelerating, job creation is soft and that deflation — not inflation... Read More
"Mr Trichet and Ben Bernanke, his governors opposite number at the US Federal Reserve, had both watched with foreboding in the first week of August as weak US economic data led to a stock price slide, while in... Read More
"US consumer sentiment is at its worst for more than three decades, suggesting that a destructive argument about the debt ceiling, a ratings downgrade from Standard & Poor’s and a plunge in the stock market... Read More
"A partial ban on short selling in the eurozone boosted European bank  shares on Friday, but led to confusion among market participants unclear about how the rules would be applied." Read the full story... Read More
"Fuming traders and marketmakers have scrambled to cover short positions and rejig their trading platforms after a late-night announcement that four European countries were banning short selling of financial... Read More
"One of the most volatile weeks in market history sparked a bigger flight to safety than the collapse of Lehman Brothers as global investors parked a record $50bn in money market funds this week, yanking money out of... Read More