Legal

Banking regulators are crowding out the Securities and Exchange Commission in decisions that affect how capital markets are overseen, a top securities regulator said today.

U.S. regulators have found evidence that the rate, which is set daily based on data reported from banks, was rigged at the expense of pensions and other institutional investors, Bloomberg News reported last year

A U.S. senator is pushing his colleagues to change a law that can leave retirees and others on Medicare on the hook for huge hospital bills.

Assuming that Social Security benefits are not reduced, EBRI found that between 83 and 86 percent of workers with more than 30 years of eligibility in a voluntary enrollment 401(k) plan should have enough to replace at least 60 percent of the wages they were making at age 64.

The city of Houston is suing the union representing its firefighters in a bid to gain the right to negotiate changes to its pension system.The city, which…

The money would be in addition to $330 million that nine foundations pledged through bankruptcy-court mediation to reduce city pension cuts and to shield Detroits art collection from a sale to pay $11.5 billion in unsecured debt.