FSOC Emphasizes Role of Regulatory Reform in Driving Growth

Recalibrating regulations is a key part of financial agencies' role in promoting economic growth, the Financial Stability Oversight Council said today in its annual report. FSOC's statements reflect the American Bankers Association's long-held views that outdated and unnecessary rules are holding back
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President Donald Trump is finding an unlikely ally in his efforts to overhaul the North American Free Trade Agreement: the political left. Civil-society groups, union leaders and left-wing politicians have opposed almost everything Trump has done. But they're urging him to stand firm in his attempt to
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Dec 13 (Reuters) – Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said. The deal, which is set to be announced on Thursday, will end
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St. Paul, Minn. (AP) — Minnesota Gov. Mark Dayton appointed fellow Democrat Lt. Gov. Tina Smith on Wednesday to replace Sen. Al Franken until a special election in November, setting up his long-time and trusted adviser for a potentially bruising 2018 election. Smith was widely seen as Dayton's top
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Federal Reserve Chair Janet Yellen called the digital currency bitcoin a “highly speculative asset” that “doesn't constitute legal tender.” Bitcoin, the cryptocurrency, has surged about 17 times in value this year, prompting caution from central bankers around the world. “Bitcoin at this time plays a very
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Further key indicators from the report include that the number of properties coming to the market for sale last month continued to remain at record lows, a picture that has been the case for nearly two years now and a significant contributing factor in terms of values. The regional differences in house prices
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The yield on 10-year U.S. Treasury notes fell after the Fed announcement, as did the Bloomberg Dollar Spot Index. Trading at record highs recently, stocks jumped after the Fed's announcement before paring gains. Asked during a press conference about rising asset prices, Yellen said the high
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A pension fund is asking a judge to order Hewitt to relinquish his controlling stake in the national tax-preparation service after an internal review found that while running the company, he had sex in his office and hired relatives of female employees with whom he'd had romantic relationships. Liberty's
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Puerto Rico Electric Power Authority employees fix power lines in Santurce, San Juan, Puerto Rico, on Oct. 19. Photographer: Xavier Garcia, /Bloomberg. Puerto Rico's electrical grid is unlikely to be fully restored until the end of May, the head of the U.S. Army Corps of Engineers said Wednesday
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Republican lawmakers will overturn a key piece of the Affordable Care Act in their tax overhaul, a victory in a long GOP campaign against the health law. Senate Majority Leader Mitch McConnell said the compromise tax bill from House and Senate negotiators will end the health law's requirement that all
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… appear at odds with the SPD proposal. “I don't think that's going to work,” Josef Janning, head of the Berlin office of the European Council on Foreign Relations, told Bloomberg Television. “The Christian Democrats won't do that — they will want a partner that shares responsibility across the spectrum.”
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A provision to treat graduate school tuition waivers as taxable income won't be in the final House-Senate tax package, according to Republican Senator Steve Daines of Montana and one other person briefed on a tentative deal reached Wednesday. The measure, which was included in the House bill
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The Queens of the Stone Age frontman looked upset as he offered a video apology to the photographer he hospitalised at his show. Homme … Shares of PennyMac Mortgage Investment Trust (NYSE PMT) traded down $0.09 during mid-day trading on Tuesday, reaching $15.92. Therefore 20% are
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TORONTO, Dec. 14, 2017 (GLOBE NEWSWIRE) — Canadian Real Estate Investment Trust (TSX:REF.UN) (“CREIT”) today announced its December 2017 monthly distribution in the amount of 15.58 cents per unit (C$1.87 annualized). The December distribution will be payable on January 15, 2018 to
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… is not anti-Boeing. It's pro-American.” Boeing, a major campaign donor, has plenty of friends of its own in Congress. It also spent $13 million to lobby in Washington during the first three quarters of 2017, compared with $1.1 million by Bombardier, according to data compiled by Bloomberg Government.
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He said, in his opinion, the impact of international buyers on the local market is slowing, allowing for local buyers, who maybe have a home somewhere else, to take a stab at buying on the Midpeninsula. Four years ago, “some poor local person was priced out … by a mainland Chinese buyer” who often
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Company of Heroes 2 landed in mid-2013, transporting the World War 2 real-time strategy series over to the Eastern Front. And now that the game has been out for a couple years, Humble Bundle is offering the base title for free via the Humble Store. From now until Saturday, Dec. 16, fans can grab
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Teachers Retirement System of The State of Kentucky boosted its position in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 37.1% during the third …. The Fidelity National Title Group segment consists of the operations of FNF's title insurance underwriters and related businesses.
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The Fed's rate hike that was announced on Wednesday had no immediate impact on mortgage rates, which were basically flat during the week ended Dec. 14, according to Freddie Mac's Primary Mortgage Market Survey. The average rate for a 30-year fixed-rate mortgage (FRM) was 3.93%, down
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NEW YORK , Dec. 14, 2017 /PRNewswire/ — Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the fourth quarter of 2017. This dividend is payable on January 16, 2018 to stockholders of record as of the close of business
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