Posted: Wed, December 31st, 1969
Last updated: Wed, December 31st, 1969
Stocks fall modestly; talk of Fed slowing its stimulus weighs
Stocks fell modestly on Tuesday, with the S&P 500 retreating from a record close, as investors considered the timing of reduced monetary stimulus from the Federal Reserve and monitored budget negotiations on Capitol Hill.
What the Volcker Rule really means for Wall Street banking
At the heart of the Volcker Rule is the distinction between proprietary trading and trades aimed at market-making or hedging risk.The success of the rules will depend on how effectively regulators have fenced off banned proprietary trading by banks from the permitted market making and hedging.
GE unit to reimburse consumers misled over credit cards
The U.S. consumer financial watchdog ordered a General Electric Co unit on Tuesday to refund up to $34.1 million to customers who it said were misled about healthcare credit cards.
Regulators adopt 'Volcker rule' to curb banks' risky bets
Wall Street banks will need to prove to regulators their trades are done on behalf of clients or to protect against market risks and are not speculative bets for their own profit, under the Volcker rule approved by U.S. officials on Tuesday.
Have you reviewed your 401(k) plan lately?
For many workers, a 401(k) plan is the cornerstone of their retirement plan. With defined benefit plans disappearing, Americans are now charged with making sound financial planning decisions, often with little professional assistance from an adviser.