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Banks Say No Thanks to Volcker Rule Changes

Banks Say No Thanks to Volcker Rule Changes

Trump-appointed financial regulators set out to ease the Volcker rule, a post-financial-crisis restriction for banks, and instead have drawn the industry’s ire.

Published 2 months ago

U.S. Pursues One of the Biggest Mortgage-Fraud Probes Since the Financial Crisis

U.S. Pursues One of the Biggest Mortgage-Fraud Probes Since the Financial Crisis

At issue in an investigation by the FBI and other federal agencies is whether income from apartment complexes was falsified to support larger loans, which often became part of mortgage securities. Four indictments in upstate New York

Published 2 months ago

WhatsApp Co-Founder’s ‘Rest and Vest’ Reward From Facebook: $450 Million

WhatsApp Co-Founder’s ‘Rest and Vest’ Reward From Facebook: $450 Million

After WhatsApp co-founder Jan Koum said he was leaving Facebook in April, he has continued showing up at the social-media giant’s headquarters. His incentive for doing so: about $450 million in stock awards.

Published 2 months ago

Prosecutors Sum Up Case Against Paul Manafort, Alleging Lies, False Documents, Hidden Cash

Prosecutors Sum Up Case Against Paul Manafort, Alleging Lies, False Documents, Hidden Cash

Summing up, prosecutors told jurors Mr. Manafort was a liar who cheated the government on his taxes and bilked banks on fraudulent loans to help pay for a life of expensive suits, luxury cars and manicured hedges.

Published 2 months ago

Uber losses widen after ramping up its spending

Uber losses widen after ramping up its spending

Company has increased investment in marketing and new ventures such as food delivery

Published 1 second ago

Prosecutors Sum Up Case Against Paul Manafort, Alleging Lies, False Documents, Hidden Cash

Prosecutors Sum Up Case Against Paul Manafort, Alleging Lies, False Documents, Hidden Cash

Summing up, prosecutors told jurors Mr. Manafort was a liar who cheated the government on his taxes and bilked banks on fraudulent loans to help pay for a life of expensive suits, luxury cars and manicured hedges.

Published 2 months ago

Florida’s Red Tide Stings Tourist Industry

Florida’s Red Tide Stings Tourist Industry

A red tide—a natural phenomenon involving an accumulation of algae brought to shore by currents and wind—is killing marine life and hurting the tourism industry across Florida’s west coast.

Published 2 months ago

Qatar Will Inject $15 Billion Into Turkish Economy Amid Breakdown With U.S.

Qatar Will Inject $15 Billion Into Turkish Economy Amid Breakdown With U.S.

Qatar pledged to inject $15 billion into Turkey’s economy in a show of support for an ally whose currency has declined sharply.

Published 2 months ago

Firms That Bossed Agriculture for a Century Face New Threat: Farmers

Firms That Bossed Agriculture for a Century Face New Threat: Farmers

Running expanded, consolidated operations, farmers are pushing grain giants such as Cargill and ADM for better prices. They’re also striking their own deals to directly supply manufacturers. That’s fundamentally changing the industry’s balance of power.

Published 2 months ago

Banks Say No Thanks to Volcker Rule Changes

Banks Say No Thanks to Volcker Rule Changes

Trump-appointed financial regulators set out to ease the Volcker rule, a post-financial-crisis restriction for banks, and instead have drawn the industry’s ire.

Published 2 months ago

Florida’s Red Tide Stings Tourist Industry

Florida’s Red Tide Stings Tourist Industry

A red tide—a natural phenomenon involving an accumulation of algae brought to shore by currents and wind—is killing marine life and hurting the tourism industry across Florida’s west coast.

Published 2 months ago

Five Big Moments From the Manafort Trial

Five Big Moments From the Manafort Trial

The Manafort case is set to go to the jury soon. Here are five key moments from the trial, including testimony from a former business partner, an accountant and an IRS agent.

Published 2 months ago

Manafort money trail ‘littered with lies’, says prosecutor

Manafort money trail ‘littered with lies’, says prosecutor

Lawyers wrap up arguments in trial of Trump’s former campaign chairman

Published 1 second ago

New Topic on Campus: Civil Discourse 101

New Topic on Campus: Civil Discourse 101

Colleges across the U.S. are teaching students, parents and alumni how to talk politics without going on the attack in an effort to counter growing polarization and nastiness in political discourse.

Published 2 months ago