U.S. President Donald Trump met with small community bankers on Thursday to learn more about their difficulties in complying with the tougher Dodd-Frank financial regulations enacted after the 2007-2009 financial crisis. The listening session was aimed at helping the Trump administration craft a legislative plan to ease the regulatory burdens on small banks to try to unlock more small business lending and fuel economic growth, a senior White House official told Reuters.
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Japan Hedge Fund Sees Trump’s Policies Boosting Topix by 15%
Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking a 15 percent increase in the Topix index this year.
Best Buy Has Surged More Than 40% in a Year, Though You Should Now Be Worried
Best Buy reports quarterly earnings on Wednesday. If history repeats, Best Buy should continue to do well as this stock set a bull market bottom in November 2008 in anticipation that Circuit City would fail.
‘Bridge to nowhere’? So far, a middle mile with revenue problem
“Most people sort of forget that there’s a reason nobody has [previously] built fiber in Western Massachusetts. The economics don’t work.
Takata Said Near $1 Billion Air-Bag Settlement With U.S.
Takata Corp. and the U.S. Justice Department may announce a settlement as soon as Friday over air bags blamed for deadly deployments in cars, with a fine as large as $1 billion and possible criminal charges, people with knowledge of the matter said. The company’s shares soared by the daily limit in Tokyo.
Two Day Seminar: FDA’s Medical Device Software Regulation Strategy…
Research and Markets has announced the addition of the “FDA’s Medical Device Software Regulation Strategy: 2-Day In-Person Seminar by Ex-FDA Official” conference to their offering. The growth of the medical software industry outpaces the design of FDA’s regulatory process.
Deutsche Bank to Settle U.S. Mortgage Probe for $7.2 Billion
Deutsche Bank AG said it reached a $7.2 billion agreement to resolve a years-long U.S. investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fueled investor angst. Deutsche Bank will pay a $3.1 billion civil penalty and provide $4.1 billion in relief to consumers under a settlement in principle with U.S. authorities, according to a statement early Friday.
Credit Suisse Nearing U.S. Mortgage Settlement, Reuters Says
Credit Suisse Group AG may reach an agreement as soon as this week to settle a U.S. investigation into its handling of mortgage-linked securities before the 2008 financial crisis, Reuters reported. Switzerland’s second-largest bank is confident it can reach a resolution for less than the $5 billion to $7 billion that the Department of Justice has demanded, the publication quoted an unidentified person familiar with the talks as saying, without specifying when that request was made.