SEC Proposes Capital, Margin Rules for Swap DealersOctober 17, 2012Large swap dealers would need
to hold more capital, post collateral against riskier trades and
take steps to protect their customers' money under new rules
proposed by U.S. securities regulators on Wednesday.
Merrill Lynch's Brokerage Defections ContinueOctober 17, 2012Merrill Lynch Wealth Management's main
brokerage force shrank by 75 financial advisers in the third
quarter, a sign the company continues to struggle in its
industry's war for talent.
Bloomberg's Vault Cloud Service Goes LocalOctober 17, 2012Vault, a cloud-based enterprise information management solution, now has a version called Local Vault that meets regulatory requirements to keep data in a local jurisdiction.
Reauthorization Fight Looms for CFTC in 2013October 16, 2012In what promises to be a fierce fight over the direction of Wall Street regulation, Congress could revisit position limits and other controversial aspects of derivatives regulation in 2013, when lawmakers take up reauthorization of the CFTC.
Second-Tier Banks Need Capital Top-Up By 2016October 11, 2012Nationally important banks
will need to hold extra capital from 2016 to cushion the impact
on their domestic economies if they hit trouble, but the global
banking watchdog will leave it up to national regulators to say
how much more.
Obama Not 'Anti-Business'—Carlyle's RubensteinOctober 11, 2012Carlyle Group LP co-founder David
Rubenstein said President Barack Obama's economic plans are not
anti-business, countering criticism from his Republican rival
Mitt Romney, who like Rubenstein is a veteran of the private
NY Mortgage Trial Could Have Broad Impact on Wall StreetOctober 10, 2012A Michigan bank accused of misstating the quality of home loans it repackaged into mortgage-backed securities is set to go to trial in a case that could affect pending lawsuits against some of Wall Street's biggest firms.
Julius Baer to Cut 1,000 Jobs After Merrill DealOctober 09, 2012Swiss private bank Julius Baer will cut around 1,000 jobs as it seeks to rein in costs following its purchase of Bank of America Merrill Lynch's international wealth management business.