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Author Archives: Bloomberg News

NYSE fined $4.5 Million for shoddy rules

New York Stock Exchange rules governing everything from how traders connect their computers to when prices are disseminated to floor brokers were either inadequate or ignored by the exchange operator over five years ending in 2012, regulators said Thursday.

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Criminal charges against banks run risk of sparking new crisis

As U.S. Justice Department prosecutors angle to bring the first criminal charges against global banks since the financial crisis, they’ll have to stare down warnings of uncontainable collateral damage.

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Fannie Mae bill delayed indefinitely amid Democrats’ rift

U.S. Senate Banking Committee leaders indefinitely delayed consideration of a bipartisan bill to wind down Fannie Mae and Freddie Mac as rifts among the panel’s Democratic majority threaten to stall the measure. Sen. Tim Johnson, the South Dakota Democrat who ...

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Fannie-Freddie fate hangs on Senate action this week

A U.S. Senate plan for Fannie Mae and Freddie Mac, the most thorough yet for winding down the two mortgage financiers, faces a first test this week with its authors making last-minute changes to gather more support.

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Investors push for new trustee standards in Fannie-Freddie bill

The Association of Institutional Investors, whose members include Pacific Investment Management Co. and Fidelity Investments, is pushing lawmakers debating an overhaul of the U.S. home-loan market to create an “unambiguous fiduciary standard” for certain mortgage-bond trustees.

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SAC Capital judge urged by U.S. to accept $900M penalty

SAC Capital Advisors’ plea agreement to pay a $900 million penalty should be accepted, U.S. prosecutors told a judge as they seek the biggest criminal fine ever imposed for insider trading following a six-year probe of the firm.

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