Tag Archives: Volcker Rule

Financial Daily Dose 1.31.2020 | Top Story: IBM CEO Ginni Rometty is Out After Eight Years at the Helm

BY: Michael D. Reif | January 31, 2020

In a week that’s already seen plenty of C-suite shakeups, we’ve learned that Ginni Rometty is stepping down from her role as CEO at IBM. The company’s cloud computing chief, Arvind Krishna, will take over for her, though Rometty will stay on as executive board chair until the end of the year – NYTimes and … Continue reading

Financial Daily Dose 9.19.2019 | Top Story: Fed Cuts Rates Another Quarter percent

BY: Michael D. Reif | September 19, 2019

As pretty much expected, the Federal Reserve cut interest rates a quarter point again yesterday, its second cut since late July. Fed Chair Powell also indicated in remarks after the FOMC broke that a “‘more extensive’ series of rate cuts would be appropriate,” though, for now, “a growing number of Fed officials expect just one … Continue reading

Financial Daily Dose 8.21.2019 | Top Story: Fed “Tailoring” to Weaken Big Bank Capital Requirements

BY: Michael D. Reif | August 21, 2019

Beyond the revamped Volcker Rule we discussed yesterday, Federal Reserve officials are “slowly, but steadily,” making a series of regulatory changes likely to weaken “capital requirements installed in the wake of the [2008 financial] crisis to prevent the largest banks from suffering the kind of destabilizing losses that imperiled the United States economy.” Most Fed … Continue reading

Financial Daily Dose 8.20.2019 | Top Story: Top Execs Signal Shift in Corporate Priorities Beyond Just Shareholder Gain

BY: Michael D. Reif | August 20, 2019

A survey of the country’s most powerful CEOs by the Business Roundtable shows an interesting shift in how they view their top priority—no longer does advancing the interests of shareholders take the top spot. Instead, the leaders identified investing in employees, delivering value to customers, and dealing “fairly and ethically with their suppliers” as primary … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 26, 2019

More fun for Facebook, just a day after it revealed a coming FTC fine, with the news on Thursday that Canadian privacy commissioners “violated national and local laws in allowing third parties access to private user information through ‘superficial and ineffective safeguards and consent mechanisms’” – NYTimes and WSJ And the Canadians aren’t alone – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 19, 2018

After much deliberation, US Treasury Secretary Steven Mnuchin announced that he, too, will withdraw from the Future Investment Initiative conference in Saudi Arabia next week. His announcement follows over a week of intrigue surrounding the disappearance and likely murder of journalist Jamal Khashoggi and the decisions by Wall Street giants and ministers of Britain, France, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 16, 2018

Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private – NYTimes and WSJ and Bloomberg and MarketWatch US regulators and law enforcement are in the midst of “one … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 22, 2018

The High Court has a daunting lineup of decisions yet to issue this year, but it’s checking one off the list with yesterday’s 5-4 holding upholding the right of companies to use arbitration clauses in employment contracts “to prohibit workers from banking together to take legal action over workplace issues” – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 16, 2018

Commerce Department data released yesterday showed strong across-the-board consumer spending in April, a nominally good sign but one that pushed bond yields higher and sent most equities lower for the day, snapping an 8-day winning streak – WSJ and Bloomberg and MarketWatch Though Comcast may still throw a wrench in things, Fox execs are considering … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 27, 2015

With the Volcker Rule banning proprietary trading just 2 months away [July 21 is the big date], Law360 considers banks’ readiness for implementation and finds many of them struggling, despite many pumping “a huge amount of money into preparing for the . . . Rule’s effective date.” The VR also bars banks from “participating in … Continue reading