NEW YORK - It was around Mile 25 of the Brooklyn Marathon that it hit me.
NEW YORK - An initial reading of the Volcker Rules has generally left those active in the collateralize loan obligation (CLO) market breathing a sigh of relief. The final draft of the new banking legislation largely preserves CLO structures and origination mechanisms but may spur banks to divest some CLO debt and equity holdings and CLO managers to dump high-yield bonds.
LONDON - What if 3 percent is the new 8 percent?
WASHINGTON - U.S. producer prices fell for a third straight month in November, pointing to a lack of inflation pressure that could give the Federal Reserve pause as it weighs the future of its bond-buying stimulus.
Thu, Dec 12 2013
- After rapid gains, some of the hottest housing markets in the United States look like they are starting to roll over.
NEW YORK - Investors in U.S.-based funds pulled $6.51 billion out of stock mutual funds in the week ended Wednesday, marking the biggest weekly outflows this year, on worries the U.S. Federal Reserve could scale back its bond purchases as soon as next week, data from Thomson Reuters' Lipper service showed on Thursday.
CHICAGO - Peregrine Financial Group's bankruptcy trustee plans to return up to $41 million to former customers of the failed futures brokerage in the second payout since the firm collapsed 17 months ago.
WASHINGTON - A U.S. Treasury official on Thursday called on the Senate to ratify five tax treaties the United States has signed with other nations but that have languished without a vote since 2011.
WASHINGTON - The U.S. Treasury Department's insurance office called for a bigger federal government role in insurance regulation, including new standards for mortgage insurers, and said state officials should improve oversight of the entire industry.
- The top U.S. securities regulator is stepping up scrutiny of "reverse churning," a practice in which brokerage firms trade very infrequently in accounts they manage for fixed fees, according to an official.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.