Government
U.S. High Court Puts 5-Year Occurrence Limit On SEC In Levying Fraud Penalties
On Wednesday, the U.S. Supreme Court limited the authority of the Securities and Exchange Commission to seek civil penalties over conduct that occurred more than five years before investigators took ...U.S. House Republican Focused On Tax Reform
The top U.S. Republican tax legislator on Tuesday renewed a vow to try overhauling the complex federal tax code this year, but he said no actual legislation would be forthcoming soon. Dave Camp, ...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 ...