Tag Archives: Wall Street

5 Financial News Stories You May Have Missed: The Biggest Brother

5 Financial News Stories

This week: European LIBOR fines, trader eavesdropping, civil money penalties, Credit Unions, and Bitcoin. Continue reading →

Facebook IPO and Loss Causation

When a giant stumbles everyone takes notice, when they happen to be in the field of social media, people tweet, flickr, blog and otherwise talk. When investors lose money in the U.S., they also sue. They sue everyone who they … Continue reading →

5 Financial Stories You Might Have Missed — And a Tap-out

Overdraft Oversight Overboard? The new Consumer Financial Protection Bureau has announced that it will be reviewing overdraft policies and procedures at nine of the nation’s largest banks. One focus of the inquiry Continue reading →

SEC Imposes Record Fine Against U.K. Hedge Fund Manager

SEC building (Reuters)

The SEC has obtained a record fine against a U.K. hedge fund manager—a judgment with serious implications for financial services officers. Continue reading →

Financial Stories You Might Have Missed – And a Note of Irony

A New Class of Exports – Class Action Goes International Countries export when they have a surplus.  Japan produces cars.  France produces wine. America, well, America produces lawyers. In the last 12 years the number of countries that allow class actions … Continue reading →

5 Financial News Stories You May Have Missed — And Holy Foreclosures

This week: hedge fund premiums, banking gambles, Madoff, Mets, an AME Church,foreclosures, and a White-hot development Continue reading →

5 Financial News Stories You May Have Missed – With Another Iceland Phenomenon

Bjork in 2012

1. Nada De Novo ~ Not a Single New Bank in 2011 While banks continue to fail at an alarming rate (12 just since the beginning of this year), an even more disturbing revelation came to light this week: 2011 … Continue reading →

5 Financial News Stories You May Have Missed – And a Penalty Flag

1.The Dog Ate My Regulation. The Fed is Late Delivering the Volcker Rule. When the financial reform was being discussed shortly after the credit crisis, former Fed Chairman Paul Volcker suggested that federally insured banks should not be allowed to … Continue reading →

5 Financial Stories You May Have Missed – And a White Hot Development

1. Is SEC “Breaking the Buck” and the Money Markets? Money markets funds are funny animals. They are mutual funds, but unlike most funds they are extremely short term and invest in US Treasury bills and commercial paper.  But what makes … Continue reading →

5 Financial News Stories You May Have Missed — With a Lot of Private Information

This week: Bank of America, Wells Fargo, Citibank, JP MorganChase, Ally Bank, Wegelin & Co., Fidelity Investments, Sarbanes-Oxley, Dodd-Frank, Facebook, SEC Continue reading →