Washington

Trump names hedge fund manager as national finance chairman

Trump names hedge fund manager as national finance chairman

Just two days after locking up the Republican presidential nomination, Donald Trump named Steven Mnuchin, chairman and CEO of Dune Capital Management, as his campaign's national finance chairman.

May 05, 2016 | 04:12 pm
Gross latest manager to suggest QE4 ahead

Gross latest manager to suggest QE4 ahead

Bond investors are again examining whether the Federal Reserve may consider additional quantitative easing as global economic weakness and uneven domestic growth hamper policy makers’ efforts...

May 05, 2016 | 10:06 am
Federal Reserve board votes for stays on bank contracts

Federal Reserve board votes for stays on bank contracts

Money managers that have financial contracts with the largest U.S. global banking institutions would not be able to terminate those contracts for 48 hours if the bank failed, under rules proposed...

May 03, 2016 | 03:32 pm

Kroger, UPS challenge Central States reduction plan

A pending plan to cut benefits to members as part of a rescue plan for the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., is facing challenges even before the U.S....

May 02, 2016

Invesco Trust will reimburse some ERISA investors

An Invesco Ltd. subsidiary will pay $10.3 million to settle claims brought by the Department of Labor that its Invesco Short-Term Investment Fund violated the Employee Retirement Income Security Act...

April 29, 2016 | 04:17 pm
UPS faces up to $3.8 billion charge if Central States benefit reductions approved

UPS faces up to $3.8 billion charge if Central States benefit reductions approved

United Parcel Service Inc. argued in an earnings presentation Thursday that the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.,...

April 28, 2016 | 03:21 pm
House votes to disapprove new DOL fiduciary rule

House votes to disapprove new DOL fiduciary rule

The House of Representatives voted Thursday to disapprove the new fiduciary rule released by the Department of Labor.

April 28, 2016 | 04:13 pm
Fed stays on cruise control; no change to rates

Fed stays on cruise control; no change to rates

Members of the Federal Open Market Committee voted Wednesday to keep the current 0.25% to 0.5% target range for the federal funds rate, citing slow economic growth.

April 27, 2016 | 03:45 pm
SEC proposal would track all U.S. equity and options trading

SEC proposal would track all U.S. equity and options trading

An SEC proposal approved Wednesday would create a single database to track all U.S. equity and options trading.

April 27, 2016 | 03:24 pm
PBGC offers sponsors a break on penalties

PBGC offers sponsors a break on penalties

The Pension Benefit Guaranty Corp. will soon offer some relief to sponsors of single-employer plans that are late paying premiums.

April 27, 2016 | 10:00 am
Bond traders do not expect a rate hike as Fed meets

Bond traders do not expect a rate hike as Fed meets

For bond traders, there’s little doubt about the path the Federal Reserve will take on interest rates.

April 26, 2016 | 10:00 am
Supreme Court declines to hear SEC administrative law judge challenge

Supreme Court declines to hear SEC administrative law judge challenge

The U.S. Supreme Court on Monday declined to consider one of the growing number of legal challenges to the Securities and Exchange Commission use of in-house administrative courts.

April 25, 2016 | 03:11 pm
Most dangerous bond market in history divides managers

Most dangerous bond market in history divides managers

Bond investors are taking bigger risks than ever before.

April 25, 2016 | 11:41 am
SEC extends limit-up, limit-down trading pilot program

SEC extends limit-up, limit-down trading pilot program

The SEC on Thursday said it would extend the limit-up, limit-down stock-trading pilot, until April 21, 2017.

April 22, 2016 | 11:40 am
House committee moves to block fiduciary rule

House committee moves to block fiduciary rule

A resolution blocking the Department of Labor's new fiduciary rule was passed Thursday by the House Education and the Workforce Committee with a 22-14 vote.

April 21, 2016 | 12:30 pm