I give him credit, he's absolutely right. I'm just not sure that proprietary trading is the big threat people think it is. Barney Frank was on CNBC a few minutes ago, saying that you can get an idea of a firm's proprietary ...
WASHINGTON (Reuters) - U.S. senators charged with crafting rules to regulate the $450 trillion over-the-counter derivatives market have failed to reach an agreement, Democratic Senator Jack Reed said on Friday. Reed and Republican Senator Judd Gregg had been trying to write rules ...
WASHINGTON (Reuters) - U.S. Representative Barney Frank, the Democratic chairman of a key House committee, said on Friday in a CNBC interview that he still favors establishing an independent agency on protecting financial consumers. A bill being debated in the Senate would ...
WASHINGTON (Reuters) - The Obama administration stepped up pressure on health insurance companies on Thursday, calling on some of the top U.S. companies to be more public in explaining "jaw-dropping" rate increases to consumers. Health Secretary Kathleen Sebelius, following a White House ...
<div id="subtitle">CNBC: Korea's SK Telecom in talks to buy Sprint Nextel with private-equity help</div><div><p>South Korea's SK Telecom Corp. is in talks to buy struggling U.S. wireless carrier Sprint Nextel Corp., business news channel CNBC reported Tuesday</p><p>An ...
<div><p>Morgan Stanley, one of the last two independent US-based investment banks, is in talks to merge with Wachovia Corporation, the New York Times reported.</p><p>Separately, CNBC business network reported that Morgan Stanley was in talks to be bought by the Chinese bank CITIC.</p><p ...
<div><p>In recent months, bad news in the financial world has translated into big news for CNBC, and big news is good news for a 24-hour cable news network. With national interest in financial news at a fever pitch, the business news network ...
<div><p>As expected, Bob Menendez will replace Chuck Schumer as head of the DSCC. [AP] </p><p>Jason Zengerle can't imagine why he'd want to. [The Plank] </p><p>Despite costing $47 million, the city just released a time-line for the completion of Brooklyn Bridge ...
<div id="subtitle">And why they should not</div><div><p>The last 12 months have been among the toughest times for investing that I’ve ever seen. </p><p>It wasn’t all that long ago that we waded through the panic-stricken days when a currency crisis ...
<div><p>As we reported recently, CNBC is on the verge of making significant cuts. </p><p>And today, Broadcasting &amp; Cable reports that the cable business news network will soon be losing one prominent staffer: Josh Howard, the vice president of the network's long form ...
