Category: Investment Services

SEC nominee reveals possible Wall Street conflicts

The Wall Street attorney chosen by President Donald Trump to head the Securities and Exchange Commission has worked on many of the kinds of deals the agency regulates and represented some of the biggest financial firms. A financial disclosure report Jay Clayton filed with the government reveals clients that pose potential conflicts of interest for the SEC job.

Trump SEC Pick Made Millions Representing Banks, Hedge Funds

President Donald Trump’s pick to lead the Securities and Exchange Commission has earned $7.62 million since 2015 representing some of Wall Street’s biggest firms, including Goldman Sachs Group Inc. and Bill Ackman’s Pershing Square Capital Management, according to a federal disclosure form. Jay Clayton, the Sullivan & Cromwell partner tapped by Trump, outlined his clients — and his potential conflicts — in a filing to the U.S. Office of Government Ethics that he signed in January.

Foster doesn’t appeared worried about combine ejection

A person with knowledge of the situation tells The Associated Press that linebacker Reuben Foster, a poten… An Oklahoma lawmaker who once likened Islam to a cancer has handed out a form asking Muslims whether they beat their wives. Two people were arrested as protesters clashed with supporters of President Donald Trump during a rally at the Tennessee Capitol in Nashville.

Buffett’s Berkshire more than doubled its stake in Apple

Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc. had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire’s biggest equity holdings, and that U.S. stocks overall were not in “bubble territory.” “Apple strikes me as having quite a sticky product and an enormously useful product to people that use it, not that I do,” said Buffett, chairman and chief executive of Berkshire Hathaway.

The Latest: Buffett says $143B Unilever talks soured quickly

Warren Buffett says the proposed $143 billion offer to acquire Unilever, a deal with links to his company, fell apart quickly because the European company wasn’t interested. Buffett said Monday on CNBC that his Berkshire Hathaway and 3G Capital abandoned Kraft Heinz Foods’ bid for Unilever because they were interested only in a mutually agreed upon tie-up, not a hostile takeover.

Don’t waste money on fees: Buffett

Investor Warren Buffett praised the country’s market system for its ability to allow Americans to continue building “mind-boggling amounts” of wealth. Photo / Supplied Billionaire Warren Buffett used his much anticipated annual letter to Berkshire Hathaway shareholders to reiterate his wariness of high Wall St fees and his positive outlook for the US economy.

What billionaire Buffett said in his annual letter to shareholders

The legendary investor also devoted a portion of his annual shareholder letter to pointing out some of his biggest mistakes Billionaire investor Warren Buffett used his annual letter to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump’s anti-immigrant stance. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” he wrote in the letter to shareholders of his massive Berkshire Hathaway conglomerate.

It’s Getting Late Early: the Left and the Working Class

The accidental genius of Donald Trump’s presidential campaign, particularly with a programmed establishment type like Hillary Clinton to run against, is how in its own way it covered the both right and left flanks. With all Trump’s babbling about carnage and ‘inner cities’ he hit on the traditional rightwing terror of being overwhelmed and slaughtered by the expanding colored hordes.

Elizabeth Warren to Trump’s $285 million Goldman Sachs man: Recuse yourself

Elizabeth Warren is not cool with the eye-popping $285 million Gary Cohn is collecting from Goldman Sachs on his way to becoming President Trump’s top economic adviser. The Democrat from Massachusetts sent Cohn a letter on Friday questioning the “astonishing windfall,” and it’s impact on the former Goldman Sachs exec’s ability not to “play favorites” when he makes decisions about the economy.

Major commercial players split on state of the RE cycle: survey

Major stakeholders are split on whether the market has already hit its peak, according to a survey conducted by one of the country’s largest commercial real estate trade groups. The report from the Commercial Real Estate Finance Council , whose members include giant asset managers like BlackRock and New York developers like Fisher Brothers, noted that 55 percent of respondents at the group’s annual conference concluded that the real estate market has already passed its high point, while another 43 percent said the market is still moving through the middle of the cycle.

In new White House, a look at Trump’s inner circle

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.

Nason, former Treasury official, being vetted for Fed role -sources

David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve’s top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday. In 2008, Nason was a deputy to Treasury Secretary Henry Paulson as U.S. regulators tried to stabilize Wall Street and prevent an economic meltdown after the housing market collapsed.

Who are the 8 richest people? All men, mostly Americans

The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in t… . FILE – In this Monday, Aug. 1, 2016 file photo, Berkshire Hathaway Chairman and CEO Warren Buffett applauds at a rally for Democratic presidential candidate Hillary Clinton in Omaha, Neb.

Jared Kushner

President-elect Donald Trump appointed his influential son-in-law Jared Kushner as a White House senior adviser Monday, putting the young real estate executive in position to exert broad sway over both domestic and foreign policy, particularly Middle East issues and trade negotiations. Trump has come to rely heavily on Kushner, who is married to the president-elect’s daughter Ivanka.

Corzine Agrees to Futures Industry Ban in CFTC Settlement

Jon Corzine has agreed to a lifetime ban from the futures industry to settle a U.S. lawsuit that he failed to properly oversee MF Global Holdings Ltd. as the brokerage spiraled toward failure in 2011. Corzine, an ex-governor and U.S. senator from New Jersey and the former co-chairman of Goldman Sachs Group Inc., also agreed to pay a $5 million penalty from his own pocket to the Commodity Futures Trading Commission, under a consent order approved by a federal judge in New York Thursday.

After Ripping Wall Street, Trump Taps Insider to Police Industry

Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs Group Inc. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street’s top regulator. Trump will pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, the president-elect’s transition team said in a statement Wednesday.

Trump names Wall Street lawyer Clayton as SEC chairman

” President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission. Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets.

Laurence Fink: The Trillion-Dollar Deadhead

Among the current crop of Wall Street financiers, Laurence “Larry” Fink has received the greatest number of awards and plaudits. He is the CEO and Chairman of BlackRock , the world’s largest multinational investment management corporation.

Trump holds Q&A, discussing jobs, Russia, Israel

President-elect Donald Trump applauded the return of 8,000 jobs to the U.S. and hailed his transition discussions with President Barack Obama in a series of comments that amounted to the most detailed interaction he’s had with journalists since before the election. In one of his cameos Wednesday on the front steps of his Mar-a-Lago resort in Palm Beach, Florida, Trump touted plans by a Japanese mogul to bring jobs to the United States.

Trump holds Q&A, discussing jobs, Russia, Israel

President-elect Donald Trump applauded the return of 8,000 jobs to the U.S. and hailed his transition discussions with President Barack Obama in a series of comments that amounted to the most detailed interaction he’s had with journalists since before the election. In one of his cameos Wednesday on the front steps of his Mar-a-Lago resort in Palm Beach, Florida, Trump touted plans by a Japanese mogul to bring jobs to the United States.

Trump takes credit for 8,000 jobs, talks with Obama

After weeks of giving only brief comments to the media, Donald Trump made a series of public statements Wednesday, applauding the return of 8,000 jobs to the U.S. and hailing his discussions with President Barack Obama. In one of his cameos on the front steps of his Mar-a-Lago resort in Palm Beach, Florida, Trump touted plans by a Japanese mogul to bring those jobs to the United States.

Donald Trump’s strong suit doesn’t appear to be consistency

From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their campaign. “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.

Donald Trump’s strong suit doesn’t appear to be consistency

From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their campaign. “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.

Trump adopting same behavior he criticized Clinton for

In this Dec. 13, 2016, file photo, President-elect Donald Trump speaks during a rally at the Wisconsin State Fair Exposition Center in West Allis, Wis. Trump is embracing some of his top attacks on Hillary Clinton as he forms his new administration, engaging in some of the same behavior he used against his rival during the presidential campaign.

Trump adopting same behavior he criticized Clinton for

In this Dec. 13, 2016, file photo, President-elect Donald Trump speaks during a rally at the Wisconsin State Fair Exposition Center in West Allis, Wis. Trump is embracing some of his top attacks on Hillary Clinton as he forms his new administration, engaging in some of the same behavior he used against his rival during the presidential campaign.

Trump exhibiting Clinton-like behavior as president-elect

From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.

Trump exhibiting Clinton-like behavior as president-elect

From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.

The Fed: Here’s who Trump may tap for two open posts at the Fed

Donald Trump is not expected to offer Janet Yellen a second four-year term at the helm of the central bank when her term expires in early February 2018 With two nominations made by President Obama stalled, Trump will get a chance to add a pair of officials to the Federal Open Market Committee. The positions will be of particular importance given that Trump will have a chance to nominate a replacement for Janet Yellen when her term as chair expires in Feb. 2018.

The Italian Banking Crisis

It has been called “a bigger risk than Brexit”- the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.”