The Internal Revenue Service collected $5.7 billion in 2011 from penalties, meaning that Americans took out about $57 billion from retirement funds before they were supposed to.
Read More »SEC sees illegal or bad fees in 50% of buyout firms
U.S. regulators found illegal collections of fees or severe compliance shortfalls in more than half of the private-equity firms it has examined since 2012, a Securities and Exchange Commission official said.
Read More »Buffet: SEC pay disclosure rule harms investors
Warren Buffett, the world’s third-richest man, said requiring disclosure of more executives’ salaries could hurt shareholders.
Read More »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.
Read More »Stress test shows Fannie, Freddie would need bailout in downturn
Fannie Mae and Freddie Mac could require an additional bailout of as much as $190 billion in a severe economic downturn, according to the results of stress tests released by the regulator for the U.S.-owned companies.
Read More »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.
Read More »Fed considers aligning bankers’ pay with stability
The Federal Reserve is considering a requirement that the biggest banks add their bonds to pay packages for top executives.
Read More »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 ...
Read More »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.
Read More »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.
Read More »FCC to consider rules on Internet-traffic speeds next month
U.S. regulators next month are to consider draft rules to keep Internet service providers from slowing or blocking access to websites, the head of the Federal Communications Commission said Wednesday.
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