Ritholtz: Keep Waiting for Wall Street Crime Crackdown
By what must be the sheerest of coincidences, Barry Ritholtz says, most statutes of limitation on white-collar crimes committed during the financial crisis have expired.
DOJ Finally Concedes It Prosecutes Corporate Crime All Wrong
Years after the 2008 financial crisis, the Justice Department says it wants to focus on individuals who commit corporate crimes rather than on companies.
New Hire Roundup: Morningstar Names HelloWallet Founder Head of Innovation
Meanwhile, Merrill adds a former UBS team in Texas.
S&P to Pay $1.5 Billion Fine to US, States Over Mortgage Bond Ratings
S&P will pay more than a year’s profit to settle suits that it inflated ratings on subprime-mortgage bonds.
Andy Friedman: It Isn’t Over Till the Lame Duck Quacks
Five major issues need to be tackled in the lame-duck session, says Friedman of The Washington Update.
Perez: DOL Continues Fiduciary Redraft Outreach
DOL wants to “understand with granularity” stakeholders’ problems and concerns regarding the revised rule, the Labor secretary says.
DOL Chief’s Potential Departure Wouldn’t Stop Fiduciary Plan
In the unlikely event Labor Secretary Perez replaced Holder as attorney general, "stalwarts" like Borzi would keep DOL’s fiduciary fires burning, observers said.
BofA to Pay $16.65 Billion in Historic Mortgage Settlement
The deal includes $9.65 billion paid to various government agencies, including Justice and the SEC, and $7 billion for struggling homeowners.
BofA to Pay $16.65 Billion to End U.S. Mortgage Probes
The settlement, which includes $7 billion in consumer relief and a $5 billion penalty, is the harshest penalty yet related to the 2008 financial crisis.
15 Best Finance Tweets of the Year: 2013
A Nasdaq crash, a government shutdown, a whale of a JPMorgan PR fail and more: a look back at the year in tweets.