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Showing 61 - 70 of 108 results for "US Congress"

More US investment banks close prop desks

JOHN MCDULING  |  FRIDAY, 1 OCT 2010
... over US$3 trillion in FUM. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed by the US congress and signed into law by President Obama in July, incorporated the "Volcker Rule", which prohibits investment banks from engaging ...

Spoiling for war

BENJAMIN ONG  |  FRIDAY, 1 OCT 2010
... when it is in its best interest to do so. Here was the Chinese Foreign Ministry's response, "We firmly oppose the US Congress approving such bills. "We urge the US congressmen to be clearly aware of the importance of China-U.S. trade and economic relations ...

Seven US banks close in a week

RUTH LIEW  |  MONDAY, 26 JUL 2010
... assets of Sterling Bank. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the US Congress to maintain stability and public confidence in the nation's financial system. FDIC insures deposits, examines and supervises ...

US Congress passes Wall Street reforms

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2010
US Treasury Secretary Tim Geithner said the Dodd-Frank reforms approved by the US Congress this week will ensure that banks, not taxpayers, will pay for future bank failures, and protect consumers from Wall Street greed. Yesterday the 'Wall Street Reform ...

US financials a big play: Bennelong SGI

MICHELLE BALTAZAR  |  THURSDAY, 15 APR 2010
... Whittall. FDIC, which stands for Federal Deposit Insurance Corporation, is an independent institution created by the US Congress to oversee the banks, maintain stability in the US banking system and bear some of the burden of the losses incurred by these ...

Wall Street beauties

BENJAMIN ONG  |  THURSDAY, 15 APR 2010
... Technology earnings results topped market estimates. These beauties gave substance to Big Benny's testimony before the US Congress' Joint Economic Committee where he testified that improving business and consumer indicators "will be sufficient to promote ...

Positive spin to bad news

BENJAMIN ONG  |  THURSDAY, 25 FEB 2010
... testified last night. Perhaps we could also use his soothing words for the market's good cheer. Ben Bernanke told the US Congress that, "The FOMC continues to anticipate that economic conditions -- including low rates of resource utilization, subdued ...

Market Wrap - Morning

AAP  |  THURSDAY, 14 JAN 2010
... mostly higher on Wednesday, following the lead of financial stocks as the heads of several big banks testified before US Congress about the financial crisis. Stocks fluctuated for much of the morning but strengthened as the questioning of bank officials ...

Liar, liar, hedge funds on fire

MICHELLE BALTAZAR  |  WEDNESDAY, 25 NOV 2009
... the next Madoff. Professor Stephen Brown, a top academic who presented at a hearing on financial services before the US Congress in 2007, said his latest research on hedge fund due diligence found that the sector has turned lying to investors into a ...

Best laid plan

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2009
"Don't worry, I've got a plan," Ben Bernanke, the US Federal Reserve chair, reassured the US Congress. The longer I observe the financial markets, the more confused (amused?) I get. When equities and commodities went on their upward trek starting in ...