Why You and Your Clients Should Care About the Cyprus Bailout
The EU just breached the safety of savings accounts everywhere. Can you say "bank run"?
The Morning After…
Now that the election is over, how can we move the ball forward—for your businesses and your clients—during the coming months and weeks?
4 Post-Election Fiscal Cliff Scenarios
Within a day or two, we'll finally know who voters want in Washington, but we still won't know whether we're headed over the fiscal cliff. Here are four scenarios of what might happen.
Treasury Releases Model Agreement for Foreign Tax Compliance
The Treasury Department released Thursday a model agreement developed with France, Germany, Italy, Spain and the U.K. to implement some provisions of the Foreign Account Tax Compliance Act (FATCA).
The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?
An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress’ time would be better spent increasing the likelihood that the SEC will catch anyone—by, oh, I don’t know, maybe increasing their funding?
New Hire Roundup: Harris Returns to Davis Polk; Citi Private Bank Welcomes Mohammed
This week in new hires, Davis Polk welcomed back Kim Harris and Nevada Mohammed joined Citi Private Bank’s Vancouver office.
Shakespeare Nails the Supercommittee: News Analysis
Of the whole sorry saga, from the debt-ceiling deadline to the supercommittee deficit impasse, Shakespeare seemed to say of our national economic life that it is “a tale told by an idiot, full of sound and fury, signifying nothing."
FSI Members Storm Congress to Lobby for Advisor SRO
Advisors and broker-dealer representatives descended on Capitol Hill on Wednesday to urge about 260 members of Congress to support Rep. Spencer Bachus’ draft legislation calling for one or more SROs to oversee investment advisors.
Obama Chides Congress as He Urges Passage of Jobs Act
Signaling his exasperation with a lack of congressional action in aiding the U.S. economy, President Obama gave a strongly delivered speech Thursday that laid out his vision for the American Jobs Act, a $447 billion plan.
World on U.S. Debt Default: ‘Frightening,’ ‘Huge Panic Globally’
As wrangling in the U.S. Congress continues over the debt ceiling, with Republicans insisting that a taste of default could force the White House to cut spending, the rest of the world looks on in growing horror at the prospect.