Financial Regulation

Are Big Bank Stocks A Buy?

Long-term rates are stubborn.<p>Short-term rates, however, are heading higher.<p>The best plays look to be banks with strong trading operations.<p>The …

Stocks

SeaWorld Is Under Investigation for Its Claims About Blackfish

It's already facing an investor lawsuit.<p>In 2013, the CNN documentary <i>Blackfish</i> provoked public backlash against SeaWorld. The film argued that the water park was mistreating its orca whales by confining them in small tanks, <i>Bloomberg</i> reports, though SeaWorld's website denies this. Harry Styles even …

Documentaries

Sears to close more stores amid retail industry tumult

Struggling department-store retailer Sears on Friday said it will shutter another 20 stores – including 18 Sears stores and two Kmart locations – by mid-September, as it continues to respond to an industry-wide shift in consumer shopping habits that’s hitting traditional retailers particularly hard.<p>…

Business

Talking Cyber-Risk with Executives

Explaining risk can be difficult since CISOs and execs don't speak the same language. The key is to tailor your message for the audience.<p>On March 7, …

Cybersecurity

TWO FINTECH BLOCKCHAIN APPLICATIONS: SMART INSURANCE AND ICOS

Things in the blockchain space continue to develop. There’s a log of excitement when it comes to blockchain applications. The government has been …

Bitcoin

Venezuela in talks with Nomura to sell fixed-income securities -sources

CARACAS (Reuters) - Venezuela's central bank is seeking to sell fixed-income securities to Nomura Holdings Inc (8604.T) as a way of raising cash amid an economic crisis, an opposition deputy and a finance industry source said on Thursday, only weeks after a similar deal embroiled the Japanese bank …

Venezuela

Hain CEO seeks to reassure shareholders after probe finds no financial wrongdoing

Hain Celestial founder and CEO Irwin Simon on Thursday sought to reassure weary investors even as a lengthy accounting probe cleared the company of …

Whole Foods

Houston public companies' executive compensation now heavily tied to performance - Houston Business Journal

• Former executive vice president of marketing<br>• Total compensation: $9 million, 4.79 percent of which is salary.<p>Gentle was the highest-paid female …

Governance

2017 Lujiazui Forum opens

The 2017 Lujiazui Forum, a major financial event, opened on June 20 in Shanghai's Lujiazui Financial City.The event was attended by more than 400 …

China

Ryan eases off the BAT

<b>RYAN EASES OFF THE BAT</b> — In his big tax reform speech, House Speaker Paul Ryan made news more for what he didn’t say than what he did. For the most part the speech was more of the same. Ryan reiterated his hope to get tax reform done this year and his desire that it be permanent. But he stayed …

Steven Mnuchin

Get a Warrant

DEEPLINKS BLOG<p>If the federal government wants to compel an online service provider, like Yahoo or Google, to turn over your email, they need a …

Privacy

There’s A Decent Chance Your Local AT&T Store Is Actually Owned By GameStop

When you walk into a store with an “AT&T” sign overhead, you might assume that the employees you’re speaking with work for AT&T. The telecom giant’s …

Mobile

Theranos, Walgreens reportedly reach a deal to settle suit for under $30 million

Theranos is telling its investors that the company finally reached an agreement to settle a lawsuit by Walgreens Boots Alliance, people familiar with …

Wall Street Journal

PSE loses Peñaflor labor case at CA

The Court of Appeals has upheld a ruling that compels the Philippine Stock Exchange to cough up P240,000 in separation pay for a former employee who …

Stock Markets

Why Chipotle Stock Is Tanking (CMG)

Investors betting on a quick turnaround at Chipotle (CMG) were dealt a bitter blow on Monday after the burrito chain confirmed that efforts to repair …

Markets

Crisis-era fraud charges haunt Barclays as rivals move on

LONDON (Reuters) - Criminal charges over Barclays' fundraising in the 2008 financial crisis add to the bank's legal battles in key markets just as rivals are leaving their troubles from that period behind.<p>Britain's Serious Fraud Office charged Barclays Plc and four former executives on Tuesday over …

Jes Staley

Treasury's Bank Plan Tightens Regulations by Loosening Them

All banks are overlevered in a crisis, and it does no good for regulators to cite them for it.<p>The initial reaction to the U.S. Treasury Department’s report on scaling back financial regulation focused on the high-level assertions that excessive and badly designed rules were hurting the economy. The …

Finance

ICOs: New Model of Blockchain Capitalism

ICOs are rewarding not only investors, but also early adopters.

Bitcoin

How to End the IPO Drought

Publicly listed stocks declined by 50 percent from 1996 to 2016.<p>Where has the initial public offering gone? That's a question the capital markets have been asking for some time, and is a leading concern of the Securities and Exchange Commission, too. But this question matters beyond those …

Bloomberg LP

Multi-Million-Dollar Ponzi Scheme

A former pro football player and a former bank executive were sentenced for defrauding dozens of investors who thought they were providing short-term …

Corruption

Drivers Sue Ride-Hail Startup Juno After Its Acquisition By Rival Gett

Drivers for Juno, the two-year-old, “socially responsible” ride-hail startup, filed a class action lawsuit earlier this month against the company and its new owner, Gett. The drivers allege that Juno misled its drivers by promising them equity, a program which was immediately suspended after a …

Uber

Deregulation Rallies Bank Stocks, But Be Aware Of The Risks

Bank shares rally predictably on the prospect of financial deregulation. They did so twice in the past 6 months already.<p>However, financial …

Business

California cannabis businesses urged to get boring by following basic rules

In the wake of the passage last November of Proposition 64, which legalized recreational use of marijuana for adults 21 and older, by some estimates …

Cannabis

Women’s Voices Are Still Not Being Heard

<b>To the Editor:</b><p>“Women Interrupted” (Business Day, June 15) sheds important light on a phenomenon women know all too well.<p>As a member of Congress, I often need to ask, “Where are the women?” Whether it is a hearing on contraception or meetings about health care, women are too often left out and as a …

Opinion

eDirect Technology™

eDirect Technology™<p>Meet the innovations behind<br>our powerful new approach.<p>Using new federal regulations and a proprietary technology stack, we’ve …

Business

Saving Itself For The Right Investors, A Brewer Crowdfunds A Loan

When I reached Marie Fox on Thursday afternoon last week, she and her husband Jamie had a little over 24 hours before they opened the doors of their Gunbarrel Brewing Company in Boulder, Colorado, for the first time. Already that day, she had put volunteers, a retired couple, to work refinishing …

Foxes

A Town's 'Creative Accounting' Leads to a Fraud Conviction

For years, local governments have had little to fear from using dubious accounting practices to shore up their finances on paper. Sure, critics could scream: In 2015 Paul Volcker, a former chairman of the Federal Reserve, sounded the alarm about states and cities that used slippery accounting to …

Corruption

Trump Team's Banking Proposals: Not Too Hot, Not Too Cold, Maybe Just Right

When it comes to financial regulation, there isn’t much gray area these days. Either you think rules are strangling growth and corrupting capitalism, or you consider greed and recklessness so endemic that there can’t be too many rules.<p>Surprisingly, the Trump Administration has planted itself in …

Consumer Financial Protection Bureau

Four Principles for Replacing Dodd-Frank

The effort to repeal the 2010 Dodd-Frank Act and reform American financial regulation seems to be losing traction. Although the House voted 233-186 last week to pass Rep. Jeb Hensarling’s ambitious and substantive Financial Choice Act, it is unlikely to come to a vote in the Senate soon. The …

21st Century

Here's Who Wins From Trump's Bank Regulation Plan

If Donald Trump gets his way in overhauling banking regulation, it would free up some of the billions of dollars in capital that banks were forced to …

Regulation