Obama pledges tough enforcement of Wall Street reforms
Obama: More teeth needed for Wall Street reforms
Obama pledges tough enforcement of Wall Street reforms
President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $ 2 billion trading loss at JPMorgan underscored the need for such regulation. “We’ve got to finish the job of implementing this reform and putting these rules in place,” Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they “treated our financial system like a casino. …
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Small investors should not directly trade in equities: SEBI
New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don’t have adequate resources to take informed decision, chairman of the Securities and Exchange Board of India (SEBI) U.K. Sinha said Saturday.
Stock Markets News Headlines – Yahoo! News
Obama pledges tough enforcement of Wall Street reforms
WASHINGTON (Reuters) – President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $ 2 billion trading loss at JPMorgan underscored the need for such regulation. “We’ve got to finish the job of implementing this reform and putting these rules in place,” Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they “treated our financial system like a casino. …
Nasdaq glitches in Facebook IPO to be reviewed by SEC
Washington, May 19 (ANI): The United States Securities and Exchange Commission (SEC) will look into the glitches in Nasdaq’s handling of Facebook’s Initial Public Offering (IPO), according to a report.
Stock Markets News Headlines – Yahoo! News
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Wall St Week Ahead: The market is oversold, but major signs say “sell”
NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. …

