Cornelius Hurley


Cornelius Hurley News

  • Citigroup SEC Accord Revived as Agency Power Strengthened

    Citigroup Inc.’s $285 million mortgage-securities pact with the U.S. Securities and Exchange Commission was revived as an appeals court assailed a judge’s demand for more evidence backing up the regulator’s claims.

  • Breaking Up Banks Is Hard With Traders Hooked on Deposits

    Shareholders of Wall Street banks who agree with former Citigroup Inc. Chief Executive Officer Sanford “Sandy” Weill that the companies should be broken up face an obstacle: bondholders.

  • SEC Registration Captures More Hedge Fund Advisers

    The U.S. Securities and Exchange Commission will oversee hundreds more private advisers at hedge funds and private equity firms than it first predicted, expanding the reach of one of the most controversial requirements of the Dodd-Frank Act.

  • Perry’s Swagger on Bernanke May Raise Doubts Beyond Texas

    In Texas, Governor Rick Perry could comment about secession from the United States and letting college students pack concealed weapons without attracting much attention beyond the state’s borders.

  • No Lehman Moments as Biggest Banks Deemed Too Big to Fail

    There may be no government action more universally reviled in the U.S. than bank bailouts. Republicans and Democrats, financial industry lobbyists and watchdogs, Wall Street executives and President Barack Obama say taxpayers should never again rescue a failing bank.

  • SEC Deadlock on Money Funds May Prompt FSOC Intervention

    Divisions at the U.S. Securities and Exchange Commission could prompt a panel of regulators from other agencies to intervene in a debate over strengthening rules governing the $2.6 trillion money-market fund industry, three people familiar with the situation said.

  • Banking Consultant Promontory to Face U.S. Senate Panel

    In little more than a decade, Promontory Financial Group LLC has evolved into a new kind of Washington player tapped by banks including Morgan Stanley and Citigroup Inc. to resolve regulatory disputes behind the scenes.

  • Order ‘Big Short’ for an Out-to-Lunch Congress

    For all the criticism of the Dodd- Frank Act, one thing the law does right is fill the informational and analytical blind spots that allowed our economy to unwittingly approach the precipice of disaster.

  • Schapiro Hire Shows Promontory as Ex-Regulators’ Go-To Firm

    Mary Schapiro’s decision to join Promontory Financial Group LLC after running the U.S. Securities and Exchange Commission amplifies the firm’s competitive advantage as an employer of former regulators.

  • Hedge Funds Register, FSA Anti-Bribery, CFPB: Compliance

    The U.S. Securities and Exchange Commission will oversee hundreds more private advisers at hedge funds and private equity firms than it first predicted, expanding the reach of one of the most controversial requirements of the Dodd-Frank Act.

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