Bill by Senate Banking Committee's Jim Demint would scrap the regulatory overhaul that aims to make sweeping changes to oversight of derivatives, consumer lending and business practices at financial firms.
Ex-Charles Schwab Corp. investment company manager Randall Merk agreed to pay a $150,000 civil fine to resolve a Securities and Exchange Commission lawsuit accusing the company of misleading investors in its YieldPlus fund.
The U.S. Securities and Exchange Commission has named Julius Leiman-Carbia as an associate director to lead the agency's national broker-dealer examination program.
President Barack Obama is making his clearest pitch yet for an overhaul of the entire U.S. tax code for individuals and businesses, and the wealthy probably won't like it.
The Federal Energy Regulatory Commission issued a $30 million fine against former Amaranth Advisors LLC energy trader Brian Hunter, who is accused of manipulating the natural-gas futures market in 2006.
Massachusetts plans to regulate expert-network firms, the first state in the U.S. to set rules for an industry that was caught up in the federal government's insider-trading investigation.
Six-month bill rates declined to a record low as the Treasury reduces sales of short-term securities while the Obama administration and Congress wrangle over budget cuts and raising the U.S. debt limit.
Hackers are getting to the bank accounts of small-to-medium size businesses in the U.S. and sending unauthorized wire transfers to Chinese economic and trade companies, according to the FBI.
The U.K. government proposed replacing its current means-tested state pension with a flat-rate payment of about 140 pounds ($225) a week, with the goal of increasing incentives for people to save for their old age.
