Washington

N.C. pension fund gets jump on tax-reform savings for participants

PENSION FUNDS -

PENSION FUNDS -

North Carolina Retirement Systems officials didn't want participants to have to wait until February to start seeing tax-reform benefits.
Big shadow hangs over big data

OPINION -

OPINION -

Big data if misused could betray investors and traders enamored with its potential.
Rate angst sends Dow down 670 points as bonds sink

MARKETS -

MARKETS -

The Dow industrials tumbled 670 points, as the worsening bond rout stirred angst that the Fed will accelerate its rate-hike schedule.
Commentary: Trump administration could block investor access to courts

INDUSTRY VOICES -

INDUSTRY VOICES -

Confidential arbitration — unlike public trials — silences victims, conceals the extent of wrongdoing and allows firms to escape accountability.
Fed leaves rates unchanged; at least 3 hikes still expected this year

Washington -

Washington -

The federal funds rate remained unchanged after the Federal Open Markets Committee decided Wednesday to keep it at a range of 1.25% to 1.5%.
Treasury market absorbs the most punishing January since 2009

Markets -

Markets -

The U.S. Treasury market is delivering investors a loss of historic proportions to start 2018.
Trump calls for $1.5 trillion infrastructure package in State of the Union

WASHINGTON -

WASHINGTON -

President Donald Trump called on Congress to pass legislation that would spur at least $1.5 trillion in infrastructure spending.
Commentary: Seizing the cash repatriation opportunity

INDUSTRY VOICES -

INDUSTRY VOICES -

A sudden influx of cash presents a rare opportunity for corporate treasurers – but they need to start acting now.
MetLife finds accounting issue, boosts pension, annuity reserves

PENSION FUNDS -

PENSION FUNDS -

MetLife said it has reached out to regulators after determining that it didn't have enough money set aside to pay some annuity and pension customers.
Deutsche Bank, UBS and HSBC to pay $46.6 million to settle CFTC spoofing charges

REGULATION -

REGULATION -

Deutsche Bank, UBS and HSBC will pay a combined $46.6 million to settle CFTC charges that the three banks engaged in spoofing.
William McDonough, N.Y. Fed chief in twin crises, dies at 83

Obituary -

Obituary -

William J. McDonough, who was the president of Federal Reserve Bank of New York for a decade, has died. He was 83.
Deregulation reform ramps up, could include SEC

REGULATION -

REGULATION -

The Trump administration is considering subjecting independent federal agencies to more scrutiny of their rulemaking processes and outcomes.
Trump's SEC mulls big gift to companies: blocking investor suits

Regulation -

Regulation -

The SEC might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing.
Schlumberger readies $125 million pension contribution for this year

Contributions -

Contributions -

Schlumberger Ltd. plans to contribute about $125 million total to its postretirement benefit plans in 2018.
4 companies disclose $3.1 billion in pension contributions in fourth quarter

Contributions -

Contributions -

Four companies made discretionary contributions totaling $3.1 billion to their respective U.S. defined benefit plans in the fourth quarter.