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.
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.
Phil Gramm, the former U.S. senator who helped write the 1999 law that enabled the creation of financial giants such as Citigroup Inc. and Bank of America Corp., said his legislation didn’t make the system any riskier.
Warren Rudman, the U.S. senator from New Hampshire whose dim view of government’s ability to make painful choices was enshrined in the 1985 Gramm-Rudman-Hollings deficit-reduction law, has died. He was 82.
Two German plaintiffs trying to stop the euro region’s future permanent bailout fund said they expect the nation’s highest court to set limits on Germany’s liabilities and tie its approval to popular consent.