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.
The U.S. Energy Information Administration, responding to concern natural gas speculators jumped the gun on market-moving data yesterday, said today that it monitors its data releases closely to ensure the information is distributed fairly.
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to a court filing.
The Commodity Futures Trading Commission, the main U.S. derivatives regulator that pried $1.7 billion in fines and other penalties from the firms it regulates during the past year, is furloughing workers because it doesn’t have enough money to pay them.
Christopher Dodd and Barney Frank , authors of the U.S. financial overhaul, plan hearings on the status of global talks to revise bank-capital standards amid worries that proposed rules are being watered down.
Ex-Galleon Group LLC trader David Slaine, who helped lead U.S. authorities to investigate the hedge fund firm’s co-founder, Raj Rajaratnam, was sentenced to three years of probation for securities fraud.
The U.S. Commodity Futures Trading Commission may propose easing Dodd-Frank Act regulations limiting speculation in oil, natural gas, wheat and other commodities, according to four people briefed on the matter.
A Washington-based lobbying group representing agricultural and energy firms is pressing the U.S. Commodity Futures Trading Commission to stop Dodd-Frank Act rules for swap dealers from beginning to take effect next month.
Barclays Plc saved itself 25.5 million pounds ($40 million) in fines by moving first to settle a probe over the rigging of global interest rates. In return, it has lost three top executives, $5 billion of market value and sparked a government inquiry.