Receiving Wide Coverage ...
Same Old: The Bank of England decided once again to leave its benchmark interest rate unchanged at 0.5%, even as the British economy appears to be gaining steam. The British central bank under the stewardship of Governor Mark Carney also left its stimulus program unchanged continuing to hold about $628 billion in government bonds it has purchased over the past five years.
While the central bank didn't revise its growth forecast or inflation targets, it did signal it was nearing the point where it would gradually begin to lift rates. Analysts anticipate the bank to raise the key interest rate during the first half of next year.
Reversing Rackoff: Wall Street and the regulators who oversee financial institutions secured a victory yesterday after a federal appeals court overturned a 2011 decision by Jed Rakoff. Rakoff had rejected a settlement deal between the Securities and Exchange Commission and Citigroup believing that the bank got off with a little more than a slap on the wrist. But a three-judge panel of the United States Court of Appeals for the Second Circuit thought otherwise, concluding that Rakoff "abused" his discretion and applied an "incorrect legal standard to the case.
Goldman Seeks M&A Gold in Asia: Amid a surge in deal volume, Goldman Sachs is ramping up its mergers and acquisitions team in Asia, starting with appointing a new vice chairman of investment banking, Richard Campbell-Breeden.
Wall Street Journal
It's about to get a
U.S. regulators are planning to
New York Times
The Dutch financial services company ING Group is moving ahead with a long-anticipated
Following a string of public losses, Britain's Serious Fraud Office has been struggling to restore its tattered reputation, but that