CFTC to Delay Dodd-Frank Swap Rules
The Commodity Futures Trading Commission (CFTC) will delay some votes on Dodd-Frank swap rules until 2012.
Regulation
Dutch Pension Scheme Sues Deutsche Bank Over Mortgage-Backed Securities
In a complaint filed in New York state Supreme Court in Manhattan, ABP -- Europe's second-biggest pension fund -- has claimed Deutsche Bank made false and misleading statements about underwriting standards and practices, loan-to-value ratios, appraisals and owner-occupancy statistics.
Carlyle Group Files SEC Documents to Go Public
The intensely private Carlyle Group has filed documents with federal regulators to sell stock to the public.
Hat in Hand, U.S. Postal Service Goes to Congress
USPS CEO Patrick Donahoe testified Tuesday that without Congressional approval to change rules on benefits funding, the Postal Service will soon be insolvent.
Credit Suisse: S&P 500 Companies Face Larger Pension Deficits Than During Collapse
An analysis by Credit Suisse shows a combined $400 billion pension deficit for S&P 500 companies.
Pensions File $6.5 Billion Lawsuit Against Sino-Forest
Two pension funds invested in Sino-Forest, the Chinese forestry company battling allegations of fraud, have filed a claim against the firm's management, directors, auditors, and advisers, seeking $6.5 billion in damages.
Judge Approves Lehman Liquidation Plan
US bankruptcy court judge James Peck in Manhattan has given his nod of approval for Lehman Brothers to send its liquidation plan to creditors.
Testimony Claims Gundlach Discussed PIMCO, WAMCO Offers
Recent court testimony claims bond fund star Jeffrey Gundlach spent his last months at the company claiming he had job offers from PIMCO and Western Asset Management.
CalPERS Settles With Fitch Over 'Negligent Misrepresentations'
The largest public pension fund in the US has settled a lawsuit with Fitch Ratings over claims that it, as well as Moody's Investors Service and Standard & Poor's, assigned inaccurate ratings that resulted in massive losses.
Ohio Pensions: Federal Rule Denies Us Rightful Fannie Payment
Two Ohio public pensions are asking a judge to disallow federal agency rules that would potentially subordinate their claims in a lawsuit against Fannie Mae.
Moody's Lowers Japan's Rating; No Shock to Investors
Moody's downgrade of Japan's sovereign debt may seem unexpected, but investors are not surprised by the decision.
TCW CEO Says Firing Gundlach Amounted to 'Cutting off Your Right Arm'
Trust Company of the West (TCW) CEO Marc Stern told a California Superior Court jury that he had no choice but to fire his chief investment officer, Jeffrey Gundlach, in December 2009.
SEC Accused of Hiding Wall Street Wrongdoings
Senator Chuck Grassley (R., Iowa) has asked the Securities and Exchange Commission to account for serious allegations that case-related document destruction may have compromised enforcement in cases involving activity at large banks and hedge funds during the financial crisis.
Madoff Trustee Sues ADIA for $300 Million
The trustee charged with recovering funds for victims of Bernard Madoff's Ponzi scheme has sued the Abu Dhabi Investment Authority (ADIA), alleging it received $300 million from a major Madoff feeder fund.
Florida Pension Sues BNY Mellon for Overcharging State
BNY Mellon has been accused by Florida of allegedly failing to give the state the best prices when making foreign currency trades for their state pension funds.