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Source: Tech Crunch
Goldman Sachs has traditionally functioned like a run-of-the-mill investment bank. Minimums to open an account were in the range of $10 million, and returns were not guaranteed.
A group of U.S. regulators issued a proposal on Thursday to restrict incentive-based compensation at big financial companies and prevent executives from receiving outsized rewards for making overly risky gambles.
April 21, 2016 Lew Op-Ed: Why We're Reviewing Asset ManagmentSource: Treasury Secretary Jacob J. Lew
Opponents of financial reform are cheering a court decision to rescind the Financial Stability Oversight Council’s designation of MetLife for heightened regulatory supervision. FSOC designated MetLife after determining that...
Source: The Guardian
Some of the US’s biggest banks still lack a proper plan for bankruptcy, in the event of another major financial crisis, US regulators said on Wednesday.
The U.S. Treasury Department intends to soon issue a long-delayed rule forcing banks to seek the identities of people behind shell-company account holders, after the "Panama Papers" leak provoked a global uproar over the hiding...
December 8, 2015 How Futures Markets View Rate HikesSource: Seeking Alpha
With each coming day, the Federal Reserve raising "rates" from 0.25% to 0.50% on December 16th seems more and more probable. But those with billions of dollars on the line typically don't like to make big bets on what seems...
November 25, 2015 CalPERS shared $3.4 bln in private equity profits over 25 yearsSource: Reuters
The nation's largest public pension, the California Public Employees' Retirement System, said on Tuesday that it had paid $3.4 billion to private equity firms in profit-sharing over the past 25 years - a big step to opening the...
September 16, 2015 More bloodletting to come for European bankers
The Irish Times - The diverging fortunes of European and US banks is reflected in their share performance. The STOXX 600 Banks Index declined 1.5 per cent since the end of 2010, compared with a 39 per cent gain in the KBW Bank...
September 9, 2015 Interest rate rise: Redemption at last for banks?Source: ft.com
Whisper it quietly (especially if you are in the company of politicians or regulators) but banks are finally starting to find life a little easier. The pace of regulatory change is easing, the worst of the misconduct fines seem...
September 3, 2015 Banks should not be able to game accounting rulesSource: ft.com
When it comes to banks, bad accounting practices can contribute to financial instability. Booms flatter their measured profitability, which encourages them to take more assets on to their balance sheets. Thus leverage begets more...
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