Accounting & Tax
Credit & Capital
Risk & Compliance
Ten Banks Hit With Fines Over Toys ‘R’ Us IPO
Research analyst presentations were a key factor in whether the banks received an underwriting role in the planned 2012 deal, says FINRA.
Wal-Mart Found China Operation ‘Out of Control’
An internal review of Wal-Mart stores in China found questionable sales and accounting practices designed to make profits look stronger.
Beyond Basel: Fed Asks for Higher Capital Surcharge
Big banks would have to put aside as much as 4.5% of their total risk-weighted assets, compared with Basel III's maximum of 2.5%.
OPEC Cuts Demand Forecast But Keeps Production Targets
OPEC says crude oil demand will drop to 28.92 million barrels per day in 2015, more than 1 million bpd less than it currently produces.
OECD Links Income Inequality to Weaker Growth
The evidence proves "that addressing high and growing inequality is critical to promote strong and sustained growth," says the OECD secretary general.
Amazon Vents Over Delayed Drone Tests
An executive at the retailing giant tells the FAA the company will take drone research and development abroad if it has to.
Secured Lenders Nervous About Bankruptcy Code Reform
The American Bankruptcy Institute's proposals to change bankruptcy law include some weakening of the power of secured creditors.
401(k) Plans Investing Like Hedge Funds
Some target-date retirement funds are using hedge fund strategies to limit downside risk.
Regulators Crack Down on Auditor Independence Violators
“To ensure the integrity of our financial reporting system, firms cannot play the roles of auditor and preparer at the same time,” said an SEC official.
Teen Apparel Firm Delia’s Files for Bankruptcy
The company, founded in 1993, reported a loss in each of its last five fiscal years.
SEC Commissioner Praises “Bad Actor” Waiver
Instead of being banned from private securities offerings, Bank of America will hire an outside consultant to monitor and report on its behavior.
House Votes to Extend Tax Breaks for Only One Year
The Senate, which was pushing for a two-year extension, takes up the bill next week.
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