Ex-SEC chief Schapiro to join a private consultancy firm: WSJ
Former Securities and Exchange Commission (SEC) chairman Mary Schapiro will join a private consulting firm as a managing director, the Wall Street Journal said, following a tumultuous four years rehabilitating the agency's battered reputation.
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Found 1 month ago on channel
Reuters
UBS in settlement talks with SEC over mortgage bond deal: WSJ
UBS AG is in talks with the Securities and Exchange Commission to settle allegations the bank defrauded investors in a mortgage bond deal that soured during the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.
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Found 1 month ago on channel
Reuters
Easy-Money Era a Long Game for Fed
The Outlook: Economists surveyed by The Wall Street Journal expect more than another year of bond buying, more than two more years of rock-bottom short-term interest rates, and a Fed portfolio of securities holdings that'll remain bloated more than a decade after the financial crisis started.
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Brookfield's Brazilian unit on SEC radar: WSJ
The securities regulator is looking into a bribery charge leveled against the Brazilian unit of Canada's Brookfield Asset Management , the Wall Street Journal reported, citing people familiar with the plans.
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Found more than 1 month ago on channel
Reuters
Bank Robbers Going the Way of Blacksmiths?
Perhaps there really is no such thing as easy money. Based on declining bank robbery statistics, criminals seem to be realizing that it’s hard to make a living by following in the footsteps of Bonnie and Clyde. In 2009, there were no fewer than 22 bank robberies in a trio of counties centered on Augusta, Georgia. “It felt like we were the bank robbery capital of the world that year,” Capt. Troy Elwell, of the Aiken County Sheriff’s department, recently told the Augusta Chronicle. Last year, however, there were “just” eight bank robberies reported in the same area. In fact, the paper noted, the number of bank robberies around the country has been falling steadily for years: According to the FBI, bank holdups have dropped nearly every year since 2003, when nearly 7,500 robberies were reported nationwide with $77 million taken. In 2011 – the last complete year for data – about 5,000 banks reported robberies with $38 million stolen. The trend continued into 2012 with an especially ...
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