Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
In fact, real interest rates around the world are poised to fall in 2017 as inflation outpaces oncoming hikes in benchmark interest rates, creating a technical support that's expected to be a boon for the global hunt for yield. Global markets, in other words, will still be dancing to a looser monetary beat in the coming months in real terms.
HSBC Holdings Plc has made insurance executive Mark Tucker the preferred candidate to be chairman, replacing Douglas Flint, according to two people familiar with the decision, as Europe's largest bank takes the first step to overhaul its top management team. Prudential Plc , is in discussions with the bank, according to the people who asked not to be identified because the succession process is private. Flint, 61, is expected to step down after six years as executive chairman and 21 years at the bank.
It was not a huge bet on European bonds that caused the 2011 demise of Wall Street brokerage firm MF Global, but rather "confusion" created by its accountants about the company's financial condition, former New Jersey Gov. Jon Corzine testified on Thursday. Corzine, who ran MF Global after leaving the governor's office, took the stand in a New York trial pitting the legal remnants of the collapsed brokerage against its accounting firm, PricewaterhouseCoopers.
Former New Jersey Governor Jon Corzine has begun testifying in the $3 billion trial between the brokerage he once ran, MF Global, and its accounting firm, PricewaterhouseCoopers. The legal remnants of the brokerage are suing the accounting firm, claiming that its negligence and malpractice led to the collapse of MF Global.
In this Thursday, Dec. 15, 2011, file photo, former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testifies on Capitol Hill in Washington, before the House Financial Services Committee. The dispute between brokerage firm MF Global, run by former New Jersey Gov. Jon Corzine, and the accounting firm PwC goes to trial Monday, March 6, 2017.
FEDERAL NATIONAL MORTGAGE ASSOCIATION, Plaintiff-Appellee, v. JOHN-MICHAEL KAIO, PERSONAL REPRESENTATIVE OF THE ESTATE OF JOY LEINAALAONAPUA KAIO, Defendant-Appellant, and JOHN DOES 1-10; JANE DOES 1-10; DOE PARTNERSHIPS 1-10; DOE CORPORATIONS 1-10; DOE ENTITIES 1-10; and DOE GOVERNMENTAL UNITS 1-10; Defendants GRANTING DECEMBER 12, 2016 MOTION TO DISMISS APPELLATE COURT CASE NUMBER CAAP-16-0000722 FOR LACK OF APPELLATE JURISDICTION, STRIKING DECEMBER 22, 2016 REPLY MEMORANDUM IN SUPPORT OF DECEMBER 12, 2016 MOTION AS UNAUTHORIZED UNDER HAWAI'I RULES OF APPELLATE PROCEDURE RULE 27AND DISMISSING ALL PENDING MOTIONS AS MOOT Upon review of Plaintiff-Appellee Federal National Mortgage Association's December 12, 2016 motion to dismiss appellate court case number CAAP-16-0000722 for lack of appellate jurisdiction, Defendant-Appellant John-Michael Kaio's December 19, 2016 memorandum in ... (more)
Capital One eyed in anti-money-laundering probe Bank update says fed and state investigators focus on former check casher clients and related issues Check out this story on mycentraljersey.com: http://usat.ly/2lDmYNN Here's what's in Capital One Financial's wallet: Federal and state investigators' requests for information about the U.S. banking giant's anti-money-laundering program. Investigations by the Department of Justice, the Department of the Treasury's Financial Crimes Enforcement Network, and the Manhattan District Attorney's office in New York focus on "certain former check-casher clients" of Capital One's commercial banking business, the company said Thursday in its annual report .
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One month into the Trump administration, and it's clear that there has been a wholesale corporate takeover of the government A day-by-day review of the administration's first month shows that virtually every day there has been a new, extraordinary grant of power to corporate interests and/or another development in Donald Trump's get-rich-quick-scheme known as the American presidency. Poorly attended though it might have been, the inauguration itself was a paean not just to the new president but to his corporate backers.
The Senate confirmed Steven Mnuchin as Treasury secretary in a vote Monday evening, adding the former Goldman Sachs executive to President Donald Trump's Cabinet. The 53-47 vote, which fell largely along party lines, makes Mnuchin the 10th of Trump's Cabinet nominees to be confirmed in three weeks.
Goldman Sachs Group Inc. banker Jim Donovan is under consideration for the No. 2 job at the Treasury Department, said a person familiar with the deliberations, but he's got one big thing working against him.
United States Senator Elizabeth Warren and Tammy Baldwin are seeking information on Goldman Sachs' role in and influence over the economic policies of the Trump administration. "The executive orders released by President Trump on Friday last week raise our concerns about the degree to which Mr. Cohn's advice to President Trump is good for Wall Street, but bad for Americans.
Washington, Feb 11 - After US President Trump signed an order to begin the process of dismantling Dodd-Frank act, Senator Elizabeth Warren on Friday asked investment banking company Goldman Sachs to explain how much influence it has over Trump's economic policies. The market value of investment banking company Goldman Sachs soared by $4 billion as Trump signed the order las week on Friday and former Goldman president Gary Cohn walked away from Goldman Sachs with $285 million to become Trump's top economic adviser.
Washington, Feb 6 - Vermont Senator Bernie Sanders called US President Donald Trump a fraud and accused him of falling short of commitments to middle-class voters, pointing to his Cabinet and senior advisers' ties to Wall Street, the media reported. This guy is a fraud, Sanders, also a former presidential hopeful, told CNN on Sunday.
Vermont Sen. Bernie Sanders accused President Donald Trump of falling short of commitments to middle-class voters, pointing to his Cabinet and senior advisers' ties to Wall Street. "This guy ran for president of the United States saying, 'I, Donald Trump, I'm going to take on Wall Street - these guys are getting away with murder.'
As a member of the professional tax community, my interest in the goings on over at the Treasury Department is a bit more keen than that of most Americans. And as an American expatriate, I am impacted financially in ways which leave my stateside countrymen and -women largely unscathed .
President Trump on Friday took the first step toward unwinding Wall Street reforms put in place during the depths of the financial crisis, sparking outrage from consumer groups across the country. After a meeting with business executives, including the head of JP Morgan Chase & Co.
The wedding assassin: Hitman follows bride and groom as they walk down the aisle during Brazilian weddinga before pulling out a handgun and shooting at guests Trump's first combat casualties: Eight-year-old American daughter of Anwar al-Awlaki killed along with decorated SEAL Team 6 member in botched Yemen raid where almost everything went wrong Pictured: Judy Garland's new resting place after her remains are moved from New York to Hollywood 'to be near her three children' How the US military is botching the online fight against ISIS due to incompetence, cronyism flawed data, and a lack of Arabic speakers Missouri inmate to be executed over 1998 killing of a mother and two young children after he slashed their throats and dumped the bodies in a pond How quickly can YOU spot the typo? Hilarious photos showcase the spelling mistakes on billboards that make drivers do a double take 'Stop ... (more)
Since taking office 10 days ago, President Donald Trump has moved to consolidate power within a small cadre of close aides at the White House. He's added a senior political adviser to the National Security Council and appears to have cut out Cabinet secretaries from decision making on some of his top policies, including the immigration and refugee order that led to protests, legal challenges and temporary detention of some legal U.S. residents this weekend.
Perez applied for a student loan from Wells Fargo online to help cover the costs of her education at the Univ... . Mitzie Perez, a plaintiff in a lawsuit against Wells Fargo, poses for a photo in Los Angeles, Monday, Jan. 30, 2017.