SEC Fines Barclays $15M for Compliance Omissions
Among other failures, Barclays Capital is accused of executing transactions without client approval.
WTO Downgrades Trade Growth Forecast to 3.1%
Lower import demand in some regions, political conflicts and even the Ebola virus could contribute to slower global trade growth in 2014.
Budget Head Slams Climate Denial As ‘Fiscally Foolish’
Inaction on climate change could cost the United States billions of dollars, says the new White House budget chief.
Philips Announces ‘Dramatic’ Strategic Step
Amid criticism its conglomerate structure is denting profits, Philips will separate its lighting business from its health-care and electronics divisions.
Auditors Can’t Leave Going Concern Evaluation to Management
The PCAOB alerts auditors that they still have a responsibility to independently evaluate whether a company is a going concern.
Basel III Inspires Bank Changes to ECR Products
The need for banks need to stabilize their deposit funding is forcing them to make earnings credit rates more attractive.
Insider Buying Tumbles, But Buybacks Increase
Executives might personally think their company's stock is fully valued, but at the corporate level they are still buying back shares.
Texas Man Fined $40M for Bitcoin Ponzi Scheme
Federal judge affirms that fraudsters "are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency."
Fed Scolds Santander Unit Over $52M Dividend
Santander Consumer USA, a big subprime auto lender that's majority-owned by Santander Holdings, paid a common stock dividend without the Fed’s approval.
Oracle CFO Catz Tapped as Co-CEO
Safra Catz will share chief-executive duties with Mark Hurd, but still focus on manufacturing, finance and legal operations.
New Brokerage Aims to Help Employees Cash Out
CFOs have been wary of platforms that facilitate selling of insider stock pre-IPO, but Battery East thinks it can change that.