Government
Global Watchdogs Seeking Public Comment On LIBOR Fix
Global regulators will ask the public for more comments before publishing a report on how to fix financial benchmarks after the LIBOR interest-rate rigging scandal, U.S. derivatives regulators said ...Bernanke To Congress: Fed Stimulus Benefits Clear
Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond ...U.S. Comptroller Defends Settlements with Banks, Hits Critics
A top U.S. bank regulator on Tuesday offered a lengthy defense of entering into settlements with banks, taking a swipe at critics who have questioned whether regulators are aggressive enough in ...
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...Gupta Must Repay $6.22 M To Goldman Sachs For Legal Expenses, Rakoff Rules
On Monday, a federal judge ordered former Goldman Sachs Group Inc. director Rajat Gupta to reimburse $6.22 million to help the Wall Street bank cover its legal expenses related to his criminal ...
White House To Revive Push For Cyber Security Legislation
A senior adviser to President Barack Obama said the White House will soon renew efforts to push cybersecurity legislation through Congress, although he foresees an uphill battle given the failure of ...Trial Over Deepwater Horizon Disaster Under Way; BP In Court For Biggest U.S. Oil Spill
A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and ...
U.S., Japan Agree On Approach To Trans-Pacific Partnership Talks
The United States and Japan on Friday agreed on language aimed at giving Japanese Prime Minister Shinzo Abe political cover to bring the world's third-largest economy into negotiations on a U.S.-led ...