Washington

Gotbaum's legacy

July 21, 2014 | 12:01 am
SEC investigating hedge funds in House committee insider-trading probe

SEC investigating hedge funds in House committee insider-trading probe

Some of the country’s largest hedge funds are being investigated by the SEC as part of an insider-trading probe.

July 17, 2014 | 05:41 pm
SEC money market rules vote set for July 23

SEC money market rules vote set for July 23

Much-anticipated reforms for money market funds from the Securities and Exchange Commission will be decided at an open meeting July 23 in Washington.

July 17, 2014 | 02:59 pm

Delphi retirees impatient with PBGC

A group of Ohio legislators is pushing the Pension Benefit Guaranty Corp. to determine the pension benefits for 20,000 former employees of Delphi Corp. after a five-year wait.

July 16, 2014 | 04:11 pm
House passes pension funding changes in Highway Trust Fund legislation

House passes pension funding changes in Highway Trust Fund legislation

More generous pension funding calculations for defined benefit plans were approved Tuesday by the House, 367-55, as part of legislation extending the Highway Trust Fund.

July 15, 2014 | 05:39 pm
Headwinds remain despite progress, Yellen tells Senate panel

Headwinds remain despite progress, Yellen tells Senate panel

Federal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday that “the economy is making progress, and eventually, if we continue, the day will come when I think it will be...

July 15, 2014 | 02:45 pm
PBGC's Gotbaum to resign in August

PBGC's Gotbaum to resign in August

Joshua Gotbaum will resign in August as director of the Pension Benefit Guaranty Corp. In a letter sent to PBGC colleagues Friday, Mr. Gotbaum said that with three children in college, he promised...

July 11, 2014 | 02:06 pm

Senate's pension smoothing extension shorter than House proposal

The Senate Finance Committee called for pension funding stabilization, or smoothing, as part of a funding package for the Highway Trust Fund approved Thursday.

July 10, 2014 | 03:54 pm
Credit Suisse seeks sentencing delay until decision on asset management waiver

Credit Suisse seeks sentencing delay until decision on asset management waiver

Credit Suisse is asking for its sentencing in a tax evasion case to be moved to at least Nov. 1 to give the U.S. Department of Labor enough time to decide whether to grant the bank a waiver to...

July 09, 2014 | 04:21 pm
Fed likely to end bond-buying program after October meeting

Fed likely to end bond-buying program after October meeting

The Federal Open Market Committee's bond-buying program is likely to end after its October meeting, said minutes released Wednesday of the group's June meeting.

July 09, 2014 | 04:07 pm
Pension smoothing part of Highway Trust Fund deal

Pension smoothing part of Highway Trust Fund deal

The House Ways and Means Committee late Tuesday proposed pension smoothing as part of a funding package for the Highway Trust Fund, which is projected to run out of money within weeks.

July 09, 2014 | 02:23 pm
PBGC puts reportable changes program on hold

PBGC puts reportable changes program on hold

Pension Benefit Guaranty Corp. declared a six-month moratorium Tuesday on a program that required employers to guarantee more pension assets in the event of major operational changes.

July 08, 2014 | 03:45 pm

GAO urges Form 5500 improvements

Federal pension regulators could do more to improve the reporting of investment and fee information on Form 5500, the Government Accountability Office said in a report issued Monday.

July 07, 2014 | 04:40 pm
Risk from liquidity to regulation a concern for investment execs

Risk from liquidity to regulation a concern for investment execs

Money managers and asset owners are wrestling with how to help employees manage their investments to provide adequate retirement income in a defined-contribution-dominated world, said speakers at...

July 07, 2014
Joint effort with FBI targets cyberthreats

Joint effort with FBI targets cyberthreats

The Center for Financial Stability and the FBI are joining forces to help executives at money management firms and asset owners assess the risk of cyberattacks.

July 07, 2014