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FASB may look at repo accounting after SEC review

The Financial Accounting Standards Board, which sets U.S. accounting rules, will consider whether to change repo accounting methods, after U.S. securities regulators finish a review of current practices at U.S. banks and financial firms.

Goldman earnings beat overshadowed by fraud probe

Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain's market watchdog launched its own probe.

Goldman's top lawyer lays low but packs punch

He keeps a low profile, but Richard Klapper, the lead lawyer defending Goldman Sachs Group Inc against civil fraud charges by the U.S. Securities and Exchange Commission, is no pushover.

Republicans soften opposition to financial reform

Republican lawmakers on Tuesday took a more conciliatory tone toward Democratic proposals to crack down on Wall Street as the U.S. Senate delayed debate on a financial reform package until next week.

Time to tear down the wall around Goldman?

On a day when Goldman Sachs Group Inc should have been celebrating another quarter of blockbuster profits, executives were instead fielding dozens of questions about the civil fraud charges the company faces.


Congress scrambles to pass funding bill before Friday deadline

WASHINGTON The U.S. Congress was racing on Thursday to approve a massive spending bill and send it to President Donald Trump for enactment before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.