At SEC, discontent grows over closed U.S. risk council meetings
WASHINGTON (Reuters) – Criticism is rising within the U.S. Securities and Exchange Commission over the structure of a new regulatory body that assesses risk in the financial markets, with some commissioners saying they are being wrongfully excluded fro…
Microsoft to offer Windows for free on phones, tablets
SAN FRANCISCO (Reuters) – Microsoft Corp is to give away its Windows operating system to makers of smartphones and small tablets for consumers as it seeks to make more of an impact on those fast-growing markets and counter the massive success of Google…
Ex-JPMorgan trader in ‘Whale’ scandal open to facing U.S. charges
NEW YORK (Reuters) – A lawyer for a former JPMorgan Chase & Co trader accused of helping to hide trading losses tied to a $6.2 billion financial scandal said on Wednesday his client was open to leaving France to voluntarily face U.S. criminal charges.
Venture-backed IPOs hit a five-year high in the first quarter
SAN FRANCISCO (Reuters) – Underscoring investor appetite for start-ups, venture-capital backed companies held 36 initial public offerings in the first quarter, more than any quarter for at least five years.
U.S. Treasury says pay will not increase for Ally Financial CEO
WASHINGTON (Reuters) – The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial , the Treasury Department said on Wednesday.
New York judge dismisses lawsuit against Madoff feeder fund
NEW YORK (Reuters) – A New York state judge has dismissed a lawsuit brought by an investor in a fund managed by Tremont Group Holdings, one of the largest feeders of funds into Bernard Madoff’s Ponzi scheme.
U.S. regulators warn banks about rise in cyber-attacks
WASHINGTON (Reuters) – A group of top U.S. regulators on Wednesday warned about the threat of rising cyber-attacks on bank websites and cash machines, urging the industry to put proper measures in place to guard against fraud.
U.S. judge grants class action status to Sprint investor lawsuit
NEW YORK (Reuters) – A lawsuit that accuses Sprint Corp and a former chief executive of the wireless carrier of misleading investors about the financial impact of its 2005 Nextel acquisition will proceed as a class action, a Kansas federal judge has ru…
Greece sees ‘trial and error’ bond foray, full return in 2016
ATHENS (Reuters) – Greece’s first foray into bond markets after a four-year exclusion will be on a “trial and error” basis but the nation expects to fund itself unaided in 2016, its finance minister told Reuters on Wednesday.
Sanofi eyes more acquisitions, sees growth in Africa
PARIS (Reuters) – Sanofi is on the lookout for acquisitions to boost key business units, such as consumer and animal health products, and expects strong growth in the “strategic continent” of Africa, its chief executive told Reuters on Wednesday.
