The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
Legal & Regulatory
Ex-JPMorgan traders charged over USD6.2 billion trading losses
Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.
USMD add ownership in USMD Hospital at Arlington
USMD Holdings announced today its acquisition of 17.96% ownership interest in USMD Hospital at Arlington that increased the ownership of the physician-led integrated healthcare system to 45.4%.
Federal Reserve in turmoil after Summers' withdrawal
The meeting of the Federal Reserve this week comes at a time when the next chairman is still unknown.
Certificate of Deposit rate rigging scandal investigation continues with visit to KFIA
The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Latest News
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
James Leigh-Pemberton would take a new position as the new head of UK Financial Investments on Monday according to an internal memo released by Credit Suisse and was seen by Reuters.
DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Economists view that the housing recovery is hindered by increasing mortgage rates. In August, the purchases of previously owned homes declined from the previous month.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.
Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
