Michelle Smith

Michelle Smith News

  • SEC’s Gallagher Wants the Fed Back in its Regulatory Box

    Securities and Exchange Commission member Daniel Gallagher says the Federal Reserve is pushing even deeper onto his agency’s turf than Congress intended when it rewrote the rules of financial regulation three years ago.

  • Guinea Bribe-Probe Defendant Cilins Ordered Held Without Bail

    A French citizen with ties to BSG Resources Ltd. who is charged with obstructing a U.S. grand jury investigation into bribes paid to win mining rights in Guinea was ordered held without bail by a federal judge.

  • Banks on Fed Staffer E-Mail List Get Leak of FOMC Minutes

    Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. were among at least 15 financial companies that received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called a mistake.

  • Goldman Sachs, Citigroup, Received Fed Minutes Early

    Banks including Citigroup Inc. and Goldman Sachs Group Inc., along with congressional staff members and trade groups, received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called accidental.

  • Wall Street Junk Kings Selling Debt Poised to Lose Value

    Wall Street junk-bond underwriters, selling debt at a record pace after the securities returned 19 percent last year, say it’s obvious that prices will drop when interest rates rise. So don’t blame the banks.

  • Bernanke Saying He’s Dispensable Suggests Tenure Ending

    Federal Reserve Chairman Ben S. Bernanke said he’s “spoken to the president a bit” about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the economy.

  • Bernanke Said to Minimize Asset-Bubble Concern at Meeting

    Federal Reserve Chairman Ben S. Bernanke minimized concerns that the central bank’s easy monetary policy has spawned economically-risky asset bubbles in comments at a meeting with dealers and investors this month, according to three people with knowledge of the discussions.

  • Sweden’s Banks, Freddie Libor Suit, Cyprus: Compliance

    Swedish regulators should consider raising risk weights on mortgage assets above the 15 percent proposed last year to help the industry pad itself against potential losses, Riksbank Governor Stefan Ingves said.

  • Stocks Rebound From Slump as Pound Slides on Moody’s Cut

    Global stocks rebounded from the worst slump since November as German business confidence rose more than forecast. Treasuries rose for a third day. The pound slid following the close of markets in New York after the U.K. government lost its Aaa rating from Moody’s Investors Service.

  • No One Telling Who Took $586 Billion in Swaps With Fed Condoning Anonymity

    For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank’s emergency-lending programs remains so secretive that names of borrowers may be hidden from the Fed itself.

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