Wallstreet & Tech BI News
'Flash Crash' Politicizes U.S. Stock Market - Fri, 3 Sep 2010
Lawmakers pitching remedies
for the U.S. stock market have politicized obscure concepts
such as naked access and high-frequency market-making and
ratcheted up pressure on regulators following the May "flash
crash" that rattled investors.
Four Ex-BofA/Merrill Advisers Sue For Gender Bias - Fri, 3 Sep 2010
Bank of America Corp
was sued Thursday in Manhattan federal court by four female
financial advisers and trainees who accused the largest U.S.
bank of mistreating and firing them because of their gender.
Banks Admit Better Disclosure On Bonuses Needed - Fri, 3 Sep 2010
Banks said they need to be more
open about the size of their bonus pools and the methodology for
paying star bankers, after making progress in other areas of
reforming pay structures.
Obama Struggles With Urgent Task Of Fixing Economy - Thu, 2 Sep 2010
President Barack Obama has
declared fixing the U.S. economy his "central mission" but he
has few tools to bring down nearly double-digit unemployment or
jump-start the faltering recovery this year.
SEC Probes Cancelled Trades In Flash Crash - Thu, 2 Sep 2010
U.S. securities regulator is looking
into a Wall Street trading practice in which unusually large
numbers of orders to buy or sell stocks are placed in a
fraction of a second, only to be canceled almost immediately,
the Wall Street Journal reported on Thursday.
Europe Under Pressure To Approve Financial Regulations - Thu, 2 Sep 2010
European Union officials and lawmakers
are returning from their summer break to face a bulging in-tray
of regulatory measures to approve.
