Search Results for: US Fed
BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
May 21st, 2014
BNP Paribas SA (BNP), France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions. The stock ...
Roberts Reunites High Court Majority After Obamacare Vote
May 19th, 2014
The U.S. Supreme Court’s conservative majority is back to being the conservative majority. Two years after the court upheld President Barack Obama’s health-care law and a year after it bolstered gay rights, the five Republican-appointed justices are voting together ...
SEC Warns Investors About Marijuana-Related Investments
May 19th, 2014
The U.S. Securities and Exchange Commission cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two ...
SocGen Ex-Trader Kerviel Taken in by French Police at Border
May 19th, 2014
Jerome Kerviel, the former Societe Generale SA trader facing prison for a record banking loss, was taken charge of by French police after prosecutors said his failure to turn himself in would have made him a fugitive. More than ...
SEC Charges Unregistered Securities Salesman
May 16th, 2014
The U.S. Securities and Exchange Commission has charged a Tiburon, Calif.-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered with the SEC as a broker-dealer or associated with a registered broker-dealer. Behrooz Sarafraz has ...
Canada’s international transactions in securities
May 16th, 2014
Canadian investors acquired $7.9 billion of foreign securities in March, the largest such outflow of funds since November 2012. Meanwhile, foreign investors reduced their holdings of Canadian securities by $1.2 billion, the first monthly divestment this year. This activity ...
Credit Suisse Said Close to Guilty Plea, $2.5 Billion Accord With U.S.
May 16th, 2014
Credit Suisse Group AG (CSGN) is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar ...
Bitcoin consumer platform debuts at Circle
May 16th, 2014
Starting Friday at 5:30 a.m. ET, Bitcoin start-up Circle is launching a Web platform that will allow consumers to purchase Bitcoin in any amount they choose and then use that Bitcoin to spend on online shopping, at restaurants and ...
Tax Reform Is Not a Fantasy
May 15th, 2014
U.S. companies are stockpiling a record amount of foreign earned profits abroad, roughly $2.1 trillion. The amount of cash held overseas by U.S. multinationals is up 93 percent since 2008. And Uncle Sam receives a near-zero return on foreign ...
When Education Doesn’t Pay
May 14th, 2014
When I was in business school, back at the turn of the millennium, a team from my New Venture Strategy class proposed an innovative way to pay for school: sell shares of your future income to investors. I was ...
