Tag Archives: Securities And Exchange Commission

Deutsche Bank was supposed to report a loss in the third quarter.

But the Frankfurt giant managed to turn a third-quarter profit of $575 million, and that’s because it took advantage of a new European Union accounting change.
Deutsche Bank was able to shift 825 million euros, or roughly $1.1 billion, in assets before tax to its loan bank from its trading book — meaning that it doesn’t [...]

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Volatile Stocks Marked the ’30s vs. 2008-2009

Most investors know that the Dow Jones Industrial Average did miserably during the Depression of the 1930s. It began the decade at 248.48, down from a high of 381.17 before the crash of 1929. By July 1932, the depths of the Depression, the industrial average was crawling at 41.22. It ended 1939 at 150.24.
What [...]

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Stock Manipulation Probe Launched After Price Spikes

By Edgar Ortega and Jeff Kearns
Oct. 20 (Bloomberg) — U.S. regulators are investigating whether investors manipulated end-of-day stock prices to avoid being forced by their brokers to sell holdings.
These gaps, which caused the Dow Jones Industrial Average to swing as much as 104 points this month in the final minute of trading, suggest investment [...]

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Highlights of $700B Financial Markets Bailout Plan

WASHINGTON (Dow Jones)–Here are highlights of the “Emergency Economic
Stablization Act” of 2008:
-ASSET PURCHASES: The Treasury Department could purchase up to $700 billion in
troubled mortgages and other assets through a “Troubled Asset Relief Program” or
“TARP.” The $700 billion would be available in phases. The first $250 billion
will be immediately available to the Treasury secretary. The next [...]

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SEC to temporarily ban short-selling: report

WASHINGTON (MarketWatch) — The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It’s unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. [...]

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