Search Results

Seeking to prevent graders from pandering to the bond issuers, who pay for the ratings, the rules include a strict prohibition on allowing sales motives to influence them.

The new requirements would apply to the $750 billion market for private mortgage-backed securities, which imploded in 2008 and financed just 1 percent of new mortgages in 2013.

The bank's settlement, which includes $9.65 billion in cash and $7 billion in consumer relief, resolves civil investigations by government prosecutors.

A non-transparent, actively-managed ETF would clear the way for traditional stock-picking managers to offer their funds in an ETF package.

Of all the outrages endured during the financial crisis, perhaps the most perplexing involved money-market mutual funds.

Its amendment was the latest setback in the push to establish a uniform fiduciary standard across the financial services industry.

The SEC commissioner opined that the root cause of the financial crisis was failed federal housing policy and loose monetary policy, none of which was addressed in Dodd-Frank.

BlackRock, which earns fees based on the amount of money it oversees for clients, benefited from rising global markets in the quarter, which boosted assets 4.4 percent to $4.59 trillion.