A Wall Street trade group released a new study on Monday that takes aim at the economic analysis the White House is using to justify new rules designed to curb conflicts of interest and "hidden fees" that brokers charge customers for retirement investment advice.
A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis.
State-appointed managers at Andorra's Banca Privada d'Andorra (BPA) have capped cash withdrawals in an attempt to contain the damage from U.S. allegations the bank laundered money for international criminal gangs.