(Bloomberg) A fresh slate of Wall Street firms, including major brokerages, agreed to collectively pay tens of millions of dollars to US regulators over their employees’ use of unmonitored communication channels on the job. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleUAW Aims For At Least 30% Wage Bump to Woo New Membe
aboutj.p. morgan chase, one of the big wall street firms, that they kind of moral that meets rayleigh to discuss what they might do in the event of a default. so, these plans are being put in place, but everyone is hoping they don t have to be activated. ~ ~ , ., is hoping they don t have to be activated. ~ ~ , ., ., , activated. we keep hearing words so like catastrophe. activated. we keep hearing words so like catastrophe. but activated. we keep hearing words so like catastrophe. but we activated. we keep hearing words so like catastrophe. but we should - like catastrophe. but we should underline just how difficult this could be for the us economy, for the global economy, if this were to happen. and just to look at those numbers we talked about the start, evenif numbers we talked about the start, even if that debt ceiling deal wasn t agreed for a week, it could lead to the loss of one and a half millionjobs. lead to the loss of one and a half million jobs- lead to the loss of
The SEC's Division of Enforcement's 2022 results reflect pledges from Chair Gary Gensler and Director of Enforcement Gurbir Grewal to aggressively enforce the securities laws.
problematic and what you re talking about at congress, any congress, most lawmakers work best under deadlines or at least work functionally under deadline, right? waiting up until the last minute. we ve seen that time and time again. yes, absolutely. and i think that one of the real challenges here is you just don t know what those deadlines actually look like. these deadlines move around a little bit. and you know, you see secretary yellen out saying that the earliest that we have exhausted extraordinary measures is june. you see a lot of wall street firms trying to guess when that exhaustion would actually happen but those guesses range, some people say july, some people say august, some people say each later, so that s where you introduce the opportunity for a mistake. it could be that people take this right up to the brink and push it a little bit too far and we actually end up in default. when i talk to analysts on wall street, that seems to be what people are really concerned a