Analysts question SEC as credit agencies' policeman
NEW YORK (Reuters) - Credit rating agencies' blunders in the global credit crisis highlight the need for more effective regulation, but the Securities and Exchange Commission may not prove an effective policeman, market analysts say.
Big shareholders ask Goldman to cut bonuses: report
(Reuters) - Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.
Bank bill delayed in House, Senate divided
WASHINGTON (Reuters) - Progress toward tighter U.S. financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition.
FACTBOX: Keys to House panel's "too big to fail" bill
WASHINGTON (Reuters) - The U.S. House Financial Services Committee on Thursday delayed a final vote on a bill addressing systemic risk in the economy and what to do about financial firms viewed as "too big to fail."
Extended U.S. jobless aid rise clouds labor picture
WASHINGTON (Reuters) - The number of unemployed U.S. workers seeking emergency relief under federal programs rose at the end of October, the government said on Thursday, clouding the picture of the weak jobs market.
Fed officials play down impact of weak dollar
HONG KONG/SINGAPORE (Reuters) - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling. | Video
Lehman expects reorganization plan in 1st quarter
NEW YORK (Reuters) - Lehman Brothers Holdings Inc , the U.S. investment bank whose September 2008 collapse sharply accelerated a world financial meltdown, said on Wednesday it expects to have a reorganization plan outline ready by the end of March 2010.
Prime broker ranks shaken up for good by crisis
NEW YORK (Reuters) - Last year's market meltdown loosened Wall Street's decades-old grip on the prime brokerage business, and ferocious competition over supporting hedge funds means the old ranks may be shaken up for good.
Blankfein apologizes for role in crisis: report
NEW YORK (Reuters) - Goldman Sachs Group Inc chief executive Lloyd Blankfein said his firm "participated in things that were clearly wrong" in the lead-up to the financial crisis, Bloomberg News reported on Tuesday.
China, U.S. eye pact to help troubled banks: sources
HONG KONG (Reuters) - Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday. | Video
Guinea on alert after attack on junta chief
CONAKRY (Reuters) - Guinea raised security levels in the capital Conakry Friday, residents said, after junta leader Captain Moussa Dadis Camara was wounded in an attack carried out by his own soldiers.
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