Sweat the Debt, Not the Shutdown
Stock markets are shrugging off the political mess, but will the bond markets be so kind later this month?
Treasury Warns Debt Default Could Trigger 2008-Style Crisis
Treasury warned on the third day of the federal government shutdown that a default could shake the financial system to its core.
PIMCO’s El-Erian Sees Tiny Taper at Fed Meeting, Yellen as Frontrunner
Mohamed El-Erian says he expects a drop of about $10 billion to $15 billion in monthly asset purchases when the FOMC meets Tuesday and Wednesday.
Friedman: ‘Twin Threats’ of Government Shutdown, Debt Default Could Roil Markets
A “volatile September” may be in store, Andy Friedman says, if Congress fails to deal with the looming debt limit crisis.
Same-Sex Marriages Now Recognized for Federal Tax Purposes
The IRS ruling applies regardless of whether a couple lives in a jurisdiction that recognizes same-sex marriage or in one that does not.
Fiduciary Stumbling Blocks Surface
Several potential stumbling blocks have surfaced in the past couple of months that could stymie—or outright derail—release of fiduciary rules by the SEC and DOL.
DOL Fiduciary Redraft Has ‘Left the Station’
The confirmation of Assistant Attorney General Tom Perez as the new secretary for the Department of Labor on Thursday will not hinder the DOL’s release of its fiduciary reproposal, which the department says will come in October.
Senator Aims to Strip DOL’s IRA Fiduciary Power
In yet another attempt by Congress to stymie the DOL's effort to release its fiduciary reproposal, Sen. Orrin Hatch, R-Utah, introduced legislation on Tuesday that would return oversight of IRAs to the Treasury Department.
Administration Delays Obamacare Employer Mandate
The new heath care law has come under fire in recent months for its confusing guidance and expected cost overruns.
Pershing Expands Offerings From BNY Mellon Parent to Advisors, BDs
Chairman Shea says his expanded responsibilities include “unlocking the value of all of BNY Mellon."