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Former California lawmaker, US Rep. Mervyn Dymally dies
Oct 7, 2012 -
By Sharon McNary, KPCC with AP Mervyn Dymally, the former California assemblyman, senator and lieutenant governor who also served in Congress for more than a decade, has died. A former press secretary for the Democratic lawmaker said Dymally died Sunday in Los Angeles. He was 86. Jasmine Cannick sai...
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Knight Has ‘All Hands on Deck’ to Deal With $440 Million Bug
Aug 2, 2012 -
Whitney Kisling, ©2012 Bloomberg News Published 01:28 p.m., Thursday, August 2, 2012 (Updates throughout with more details, comments.) Aug. 2 (Bloomberg) -- Knight Capital Group Inc. has “all hands on deck” and is in close contact with creditors, clients and counterparties as it tries to weather tra...
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House seeks to fund SEC adviser exams with new fees
Jul 25, 2012 -
By Suzanne Barlyn July 25 | Wed Jul 25, 2012 1:22pm EDT (Reuters) - U.S. House lawmakers on Wednesday introduced legislation that would require certain investment advisers pay fees to help fund adviser examinations conducted by regulators. Representative Maxine Waters from California, the second-ran...
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Recent spate of financial scandals raises ire in Washington
Jul 10, 2012 -
WASHINGTON, July 10 (Reuters) - A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington's ire on both sides of the political aisle. One leading Repub...
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Wall Street should stop trying to gut financial reform
May 21, 2012 -
The Hill Wall Street should stop trying to gut financial reform By Rep. Maxine Waters (D-Calif.) - 05/21/12 01:22 PM ET Recently on Meet the Press, Jamie Dimon, the CEO of JPMorgan Chase, lamented that his company’s then-$2 billion trading loss (which has since swelled to at least $3 billion) would...
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Corporate settlement policy unlikely to be changed by Congress
May 17, 2012 -
Corporate settlement policy unlikely to be changed by Congress 5/17/2012 COMMENTS (0) WASHINGTON, May 17 (Reuters) - U.S. lawmakers showed little support on Thursday for tinkering with a regulatory policy of settling cases without requiring defendants to admit to misconduct. U.S. District Judge Jed ...
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House GOP still steaming over recess appointment to consumer bureau
Mar 29, 2012 -
By Peter Schroeder - 03/29/12 02:09 PM ET Time is not healing the wounds Republicans feel over the president's contentious decision to recess appoint Richard Cordray as the first director of a new consumer protection agency. Time is not healing the wounds Republicans feel over the president's conten...
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