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The tense meeting, first reported by the Wall Street Journal, took place at the Treasury department Friday afternoon and was attended by top regulators from all the major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed...
The Securities & Exchange Commission (SEC), concerned about the exponential growth of hyper-frequency trading, announced on Tuesday, Aug. 4, that it was considering a ban on one form of this activity, known as flash trading. But it has said nothing about an even bigger element of high-frequency trading, known...
"We're living in a situation of massively heightened criminality and insecurity and we're also living in situation where, due to failures in the criminal justice system, security services have resorted to extrajudicial killings as way to manage rising crime," says Muthoni Wanyeki, executive director of the Kenya Human...
The Gojra tragedy has sparked outrage across Pakistan. The government has ordered a judicial commission to investigate what happened and Parliament unanimously passed a resolution condemning the violence. Islamabad's gestures, however, have done little to assure Pakistan's estimated 3 million Christians, who are 60% Catholic and 40% Protestant...
On Monday, the bank agreed to pay $33 million to settle Securities and Exchange Commission charges that Lewis and other executives misled the bank's investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch. In a separate development on Monday, the bank also announced that...