Obama Signs Reform, DB Plans Expected to Get Relief

President Obama's signature on the Dodd-Frank financial regulation bill gives the Commodity Futures Trading Commission (CFTC) and Securities & Exchange Commission (SEC) oversight of the roughly $600 trillion OTC derivatives market while forcing most swaps to be cleared on a regulated exchange.

State Street Sues Former Execs Over 'Employee Raid'

The firm's suit alleges that three of its former executives violated agreements they signed regarding confidential information they gained about State Street’s securities lending business in the course of their employment.

Japan Pension Wants United Fund

Takahiro Mitani, president of the world's largest pension fund, says splitting the fund in two would be inefficient.