Sponsored by
securities and exchange commission

securities and exchange commissionRSS

High-level Fed committee overruled finding on Goldman

A committee that includes senior Federal Reserve officials reviewed and overturned a bank examiner's finding that Goldman Sachs lacked a firm-wide policy to prevent conflicts of interest, according to a top Fed official.... Read more»

Commentary

Washington's cynical misinformation game

In most of our country’s major institutions, we have little tolerance for cheating and lying. Whether it’s the court system, schools, businesses, even our sports teams, we impose stiff sanctions against those who deceive us to gain some advantage. Yet there is one arena in which misleading the public not only is abided but is the norm: politics. In fact, much of what constitutes political discourse in this country is now built on a foundation of dishonesty. ... Read more»

Analysis

The U.S. debt ceiling explained

As you may have heard, the federal government hit its $14.3 trillion debt limit Monday—something the Treasury has been warning Congress about for months. There are a lot of good explainers out there about what this could mean. Some dig into what actions the Treasury might take; others into the oh-so-exciting history of the debt limit.... Read more»

Busy week for Congress weighing financial reform

Major banks with at least $50 billion in assets and any other companies that are designated as systemically important will be subject to stricter regulation to protect the U.S. financial system from another meltdown. ... Read more»

Standard & Poor’s Triple A ratings collapse again. The question is why?

Two weeks ago, Standard & Poor's put out a press release: The credit rating agency warned it was poised to downgrade almost 1,200 complex mortgage securities. So what? Isn't that dog-bites-man at this point?... Read more»

The year in Wall Street investigations

Prosecutors, regulators, Congress and journalists spent the year uncovering financial shenanigans that brought the market to its knees. It's been marked by a few blockbuster settlements and more revealing investigations — as well as by some noticeable inaction. ... Read more»

How Merrill Lynch bankers helped blow up their own firm

Two years before the financial crisis hit, Merrill Lynch confronted a serious problem. No one, not even the bank's own traders, wanted to buy the supposedly safe portions of the mortgage-backed securities Merrill was creating.... Read more»

Chamber seeks cash for anti-regulation effort

Even as it plowed tens of millions of dollars into ads this year to help mostly Republicans notch Congressional victories, the U.S. Chamber of Commerce was initiating a new effort to raise millions more from energy, health insurance, financial services, and other firms to fund a new anti-regulatory campaign. ... Read more»

Tough economy, stock market swings create light times for Az IPOs

Arizona's market for new public companies showed signs of life earlier this year with two companies poised to offer stock for the first time. But the market for public offerings lost momentum as the overall stock market veered down a volatile path and at least one of those companies put the brakes on its plan.... Read more»

Loopholes, unanswered questions in details of Dodd bill

The fine print in the sweeping overhaul of the U.S. financial system proposed by Sen. Christopher Dodd reveals loopholes, ambiguities and unanswered questions about some key players – among them a new consumer protection bureau, credit-rating companies and payday lenders.... Read more»