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News & Updates

July 17, 2014 Lew: cyberattacks aim to disrupt U.S. financial system

Source: Reuters

The hundreds of cyberattacks against U.S. banks and other institutions in recent years represent a targeted attempt to more broadly disrupt the U.S. financial system, Treasury Secretary Jack Lew said on Wednesday. In remarks on...

July 17, 2014 EUROPE MARKETS: European Stocks Slide After Fresh Russia Sanctions

english.capital.gr - The îStoxxî Europe 600 index slid 0.5% to 341.18, after posting the biggest one-day percentage gain since April on Wednesday. Among notable movers in the pan-European index, shares of Sandvik AB...

July 17, 2014 Green bonds market grows by 60% in a year

Source: The Guardian

The market for green bonds has grown 60% this year compared to 2013, surpassing expectations and leading experts to say a niche has now become mainstream. The climate bonds initiative (CBI) and HSBC said on Thursday that green...

July 17, 2014 Bank of America Takes a Hit With Litigation Costs

Source: The Ledger.com

Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses. The Charlotte, N.C.-based bank earned $2 billion in the second quarter after payments to preferred shareholders, compared...

July 17, 2014 U.S. Treasury urges Congress to act on corporate tax dodge deals

Source: Reuters

Calling for a new sense of "economic patriotism," U.S. Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal...

July 16, 2014 Yellen Tempers Economic Expectations, Promises Fed Support In Congressional Testimony

Source: Forbes

In her semi-annual testimony before the Senate Banking, Housing and Urban Affairs Committee Tuesday, Federal Reserve Chair Janet Yellen drew a somber portrait of current economic conditions. While she pointed to many...

July 16, 2014 China growth picks up as stimulus kicks in, more support may be needed

Source: Reuters

China's economic growth picked up slightly in the second quarter as a burst of government stimulus paid dividends, but analysts said Beijing will likely need to offer more support to meet its annual growth target as the property...

July 15, 2014 SEC Clamps Down On XBRL Filing Holdouts

Source: Information Week

The Securities and Exchange Commission is clamping down on public companies that fail to submit their financial disclosure statements as structured data, agency officials said. The SEC's Division of Corporation Finance sent...

July 15, 2014 A Guide to Yellen Testimony: No Rush to Tighten

Source: BusinessWeek- Bloomberg

Here’s what to look for when Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee at 10 a.m. today and before the House Financial Services Committee tomorrow.

July 14, 2014 What Companies Don't Want You to Know About the Millions They Spend

Source: The Motley Fool

It's long been said that lobbying is the second oldest profession in the world. Certainly, corporate influence over the political process is nothing new. That said, corporate political spending and lobbying may never have...

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