Six banks have repurchased investments the government made under its taxpayer-funded financial rescue program, paying a total of $626 million including dividends, the Treasury Department said Wednesday. Get the full story »
Inside these posts: Securities
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Fed: Foreign central banks’ U.S. debt holdings fall
Foreign central banks’ overall holdings of marketable securities at the Federal Reserve fell in the latest week, data from the U.S. central bank showed on Thursday. Get the full story »
Huron settles lawsuit for $38M, takes Q4 charge
Huron Consulting Group said it agreed to settle a securities lawsuit for $38 million and expects to take a related non-cash charge of about $11 million in the fourth quarter. Get the full story »
SEC proposes rules for swap dealers
U.S. regulators introduced proposals on Friday that will determine which companies will be forced to hold more cash in order to trade in the lucrative over-the-counter derivatives market. Get the full story »
Report: Wall Street firms find Volcker loophole
U.S. banks have found a way to continue betting their own money on some investments, despite a new law’s restrictions on proprietary trading, the Financial Times reported on Thursday, citing Wall Street executives. Get the full story »
Northern Trust reports 17% drop in 3Q
Northern Trust Corp reported a 17 percent decline in third-quarter profit, falling short of Wall Street forecasts, as the financial services group earned less for loaning out securities.
The Chicago-based company said net income was $155.6 million, or 64 cents per share, down from $187.9 million, or 77 cents, a year earlier. Analysts had expected 71 cents a share, according to Thomson Reuters I/B/E/S. Get the full story »
