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U.S. House passes FDIC reform bill

The U.S. House of Representatives overwhelmingly passed H.R. 1185, the Bachus-Hooley Federal Deposit Insurance Reform Act, which aims to amend the current FDIC insurance system. The main points of H.R. 1185, which covers banks, thrifts and credit unions, are: increasing ...

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Wall Street firm hit with $29 million

A federal jury recently awarded $29 million in damages – more than two-thirds in punitives – in a gender discrimination case to a former Wall Street executive who claimed UBS AG discriminated against her and then unfairly fired her in ...

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