Treasury Secretary Geithner claims the EU law, formed to regulate alternative investment vehicles, would negatively impact US fund managers and banks.
A pension fund for an electrical workers' union filed a lawsuit against the bank in a Delaware court.
As the FDIC seeks cash, pension funds may be asked to help foot the bill to rescue the banking system.
Proposed changes to international accounting standards may increase reported pension costs and remove incentives to hold “risky” assets.
The federal probe clears Florida’s money managers of wrongdoing, without enforcement action recommended.
Spurred by Placement Agent Controversy, CalPERS CIO Voices New Effort; New York’s CIO Eases Placement Agent Ban
Hoping to restore investor confidence, the regulator passes an “alternative uptick rule” after more than a year of debate.
The US Congress and the Securities and Exchange Commission (SEC) could be close to passing legislation and rules that will, among other developments, eliminate flash trading and institute ‘circuit breakers’ for short-sellers, according to financial policy specialist Joseph Engelhard.
Ohio pension funds won class action certification over allegations of accounting fraud, among others; judge ends civil charges accusing BofA of misleading shareholders when it acquired Merrill Lynch.
The regulator seeks to help finance a shortfall in the Nortel UK pension plans.
New regulatory changes would permit Mexican pension funds to directly invest in individual stocks.
The $200 billion pension fund has stepped up its oversight on placement agents or pension-fund middlemen.
The US regulator's decision depends on whether the Financial Industry Regulatory Authority (FINRA) implements strict pay-to-play rules prohibiting activities by registered broker-dealers acting as placement agents.