No Arrests on Wall Street, But Over 7,700 Americans Have Been Arrested Protesting Big Banks

by The Compliance Exchange on May 23, 2013

No Arrests on Wall Street, But Over 7,700 Americans Have Been Arrested Protesting Big BanksAs Senator Elizabeth Warren (D-MA) has said, the nation’s biggest banks have essentially gained “too big for trial” status, and the federal government has failed to prosecute any executive at a Big Bank for financial fraud.

While Wall Street has escaped prosecutions, thousands of Americans have been arrested in the course of protests against the banks. As of May 2013,that number is … Read More »

Why Thomson Reuters doesn’t stand much chance of displacing Bloomberg’s chat service

by The Compliance Exchange on May 23, 2013

Bloomberg terminals have become pretty much indispensable to investors, and one of the key reasons, besides their news and data, is their private chat feature, where much of Wall Street’s conversation happens. Since the company’s journalists werecaught peeking at data about users’ activities, the users … Read More »

Fed not “that close” to winding down stimulus: Bullard

by The Compliance Exchange on May 23, 2013

Fed not "that close" to winding down stimulus: BullardA senior central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke sent stockmarkets tumbling.

James Bullard, president of … Read More »

Wall Street Seeks Dodd-Frank Changes Through Trade Talks

by The Compliance Exchange on May 23, 2013

Wall Street Seeks Dodd-Frank Changes Through Trade TalksU.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.

While the companies say they are seeking … Read More »

Here’s what Ben Bernanke just did to rock the markets

by The Compliance Exchange on May 23, 2013

Here’s what Ben Bernanke just did to rock the marketsFrom the look of the financial markets, you’d think Ben Bernanke just told Congress he was washing his hands of the feeble US economy and letting markets fend for themselves.

But of course he didn’t.

Fedspeak … Read More »

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