Executives from American International Group Inc. and Goldman Sachs are testifying today in a two-day FCIC hearing, focusing on the role of derivatives during the financial crisis.
Legal experts say the Supreme Court ruling would likely hit claims from BP’s foreign shareholders in US courts while also negatively impacting the position of US investors.
Takahiro Mitani, president of the world's largest pension fund, says splitting the fund in two would be inefficient.
The death of Senator Robert Byrd and the wavering Senator Scott Brown may delay the approval of Wall Street overhaul rules, which has been a top priority for President Obama.
US regulators are likely to restrict investment advisers from giving money to politicians to win pension business after pay-to-play scandals.
President Barack Obama signs legislation that offers funding relief for DB pensions; broader financial reform bill exits House-Senate committee, awaits final vote.
The state's $132.6 billion fund holds 17.5 million shares of BP, which yesterday closed at $31.71 a share -- down from $60.48 the day of the disaster.
The Alaska Retirement Management Board blamed Mercer for unfunded liabilities.
On Monday, New York's attorney general said in court papers that just because "everybody does it" in Albany, doesn't mean corruption is legal.
The California State Teachers’ Retirement System has joined forces with Amalgamated Bank and Manville Trust to file a lawsuit against Massey Energy for alleged safety misconduct.
The Government Accounting Standards Board will be releasing a preliminary views document later this month that may shock public pension systems and the taxpayers who fund them.
Mounting problems for Goldman: CalPERS claims that when Goldman applied with the fund to become a real estate investment consultant, it misled the fund about it's legal status, specifically stating that it was not "the target of a formal investigation."
Charles Millard, who had been suspected of improper dealings with financial firms doing business with the PBGC, has been exonerated of all charges.
The decision by European lawmakers likely will accelerate a wider regulatory overhaul of financial services.