House Seeks 6-Month Halt on SIFI Designations
House Financial Services will vote Thursday on a bill that would bar the FSOC from designating any financial institution as systemically significant for six months.
Funds as SIFIs Would Be ‘Too Burdened to Succeed’: ICI Chief
“It would not take much of a "SIFI premium" to increase the fees of these funds significantly,” says ICI's Paul Schott Stevens.
Some American Funds Clients Vulnerable to Heartbleed Bug
Parent company Capital Group urged 800,000 customers to change account passwords and other information to protect themselves from risk caused by the Heartbleed computer bug.
Yellen: Fed May Pause Tapering if Weakness Persists; Can’t Regulate Bitcoin
Yellen told Congress that the Fed would assess whether the “unseasonably” cold weather has caused the recent uptick in “soft data.”
Yellen: Steady Fed Policy Could Shift With ‘Notable’ Economic Change
Fed Chief Janet Yellen said that while she expects continuity in Fed policy, pausing or increasing bond purchases was not out of the question.
Yellen, Not Debt Ceiling Debate, to Spark Washington Fireworks
While Yellen will face tough critics Tuesday, analysts are optimistic that a debt limit bill will pass prior to the Feb. 27 deadline.
El-Erian’s PIMCO Exit: A Game Changer?
Experts say the CEO wasn't pushed out, but it may prove difficult for PIMCO to fill his shoes at the firm and in the media.
Most Fed Officials Backed Tapering of QE
They saw an improving job market coupled with diminishing economic benefits to further bond buying, FOMC meeting minutes show.
Fed to Start Tapering, Easing QE Program
Chairman Ben Bernanke said that further tapering would “be data dependent,” but the Fed would “probably do a measured reduction” at each meeting.
Pension Advocates Blast Budget’s Premium Hike
“It is simply unacceptable that members of Congress of both parties...view pension plans as a piggy bank," American Benefits Council president says.