Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
House Speaker Paul Ryan and other Republican leaders have big plans to save Medicare that would involve a major overhaul to the program, including privatization. Even though most Republicans are on board, Ryan and others in favor of his plans are likely to face significant opposition to such a sweeping overhaul.
Steven Mnuchin, President-elect Donald Trump's pick to lead the Treasury, arrives at Trump Tower in New York on Dec. 12. President-elect Donald Trump's pick to lead the Treasury Department is likely to face a contentious confirmation battle centered on his purchase of a failed subprime mortgage lender that repeatedly has been accused of wrongful foreclosures. The formal vetting process for Steven T. Mnuchin, who served as Trump's campaign finance chairman and worked at investment bank Goldman Sachs for nearly two decades, has not yet begun.
Federal Reserve Chairman Janet Yellen and the Fed can finally expect some help from Washington in 2017, after three years of work to juice up a slow economy. Tax cuts and infrastructure spending planned by President-elect Donald Trump, if backed by the Republican-controlled Congress, would lighten the load for a Fed whose easy-money policies have been the primary economic support for the nation.
Rex Tillerson, chairman and CEO of ExxonMobil, testifies about the company's acquisition of XTO Energy before the House Energy and Environment Subcommittee on Capitol Hill in Washington January 20, 2010. REUTERS/Joshua Roberts/File Photo The tall, enigmatic fellow with shocks of white hair and an oil man's swagger seemed that natural choice for jury foreman, but he told his fellow jurors he wasn't interested in the spotlight.
Platinum Partners founder Mark Nordlicht, wearing a hoodie, exits federal court in Brooklyn, New York, U.S. on December 19, 2016. U.S. Attorney for the Eastern District of New York Robert Capers speaks to media to announce the unsealing of an indictment charging Mark Nordlicht, the Founder and Chief Investment Officer of Platinum Partners and six other individuals with securities fraud, investment adviser fraud and conspiracy in an approximately $1 billion fraud in Brooklyn, New York City, U.S.on December 19, 2016.
Two of Europe's biggest banks have been hit with fines of more than A 10billion for mis-selling toxic mortgages before the financial crisis. US regulators yesterday ordered Deutsche Bank to pay A 5.9billion for its part in the debacle - less than expected - while Credit Suisse agreed to shell out A 4.3billion.
Since the global financial crisis, the world's largest banks have agreed to pay close to $60 billion in fines just to the U.S. Department of Justice for creating and selling toxic mortgage-backed investments. These don't include the tens of billions that the banks have also paid in connection with lawsuits from investors or other federal agencies.
Deutsche Bank sought to reassure staff about its financial strength on Friday, in the wake of a US$7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities. The logo of Germany's largest business bank, Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt, Germany, October 27, 2016.
Treasury Secretary nominee Steven Mnuchin waits after a meeting with Senator Orrin Hatch on Capitol Hill December 8, 2016 in Washington, DC. If confirmed, he is expected to lead Trump's tax reform efforts./ AFP PHOTO / Brendan Smialowski President-elect Donald Trump likes to say he will "drain the swamp" of special interests when he takes up residence at 1600 Pennsylvania Avenue.
Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank's Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was hit hard in September after it acknowledged the Justice Department had been seeking nearly twice as much.
We're here in Detroit to look at what JPMorgan Chase has done with a five-year commitment to invest $100 million in the city. Why is an initiative like this good business for you as well as for Detroit? I would do it for moral reasons alone.
A 30-year financial industry veteran, Mr. Alar is the Principal of West Mountain, LLC, and manages West Mountain Partners, L.P., an -based multi-strategy, multi-manager, fund-of-funds. Mr. Alar will play a key leadership role in delivering value to investors and ensuring Groen is poised for future growth.
The Dow Jones industrial average and Nasdaq hit fresh all-time highs on Tuesday and they look set to continue lighting up Wall Street on Wednesday. 2. Coke's Africa move: Coca-Cola announced Wednesday it's paying nearly $3.2 billion to Anheuser-Busch InBev to buy the beer giant's majority stake in Coca-Cola Beverages Africa.
Yuri Khilov, while head of Deutsche Bank AG's Russia equity trading desk, allegedly engaged in "large-scale" market manipulation from 2013 to 2015, using accounts that he opened in his relatives' names, according to the Russian central bank. Khilov is accused of booking trades in the name of Deutsche Bank's London office and then buying and selling stocks for his relatives within minutes, skimming the profit, the Bank of Russia said in a statement Tuesday.
On November 21, 2016, Thomas J. Sugrue published an op-ed titled, "Jeff Sessions' Other Civil Rights Problem," in the New York Times that I believe unfairly criticized Senator Sessions regarding the so-called "equity funding" case. Before my retirement, I served as an associate justice on the Alabama Supreme Court that decided four appellate matters arising from that case.
President-elect Donald Trump has nominated conservative Republican Congressman Mick Mulvaney to be his budget director. Mulvaney has made it very clear he thinks America's $19 trillion debt is too high and needs to come down.
The relationship many of you have with your retirement investment advisor will change on April 10, 2017. It could result in your advisor charging you higher fees while providing you with less guidance - or in you getting no guidance at all.
Last week, Florida Senator Marco Rubio introduced legislation aimed at raising after-tax pay for low-wage workers in Puerto Rico, while reducing employer costs. Here's how.