Business Today: Wall Street falls for fourth straight session

	Click to View in Browser 08/19/2013 Wall Street falls for fourth straight session NEW YORK (Reuters) - U.S. stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that could lead to higher interest rates. Fund manager Falcone agrees to five-year financial industry ban NEW YORK (Reuters) - Billionaire fund manager Philip Falcone agreed to a five-year ban from the financial industry and will admit wrongdoing to settle charges by the U.S. Securities and Exchange Commission that he improperly used money from his hedge fund and unfairly favored some of his investors, the SEC announced on Monday. Fed tells big banks to improve capital planning WASHINGTON (Reuters) - Big banks must improve the way they determine how much capital they need to withstand any future crisis, the U.S. Federal Reserve said, citing observations from regulators' periodic tests of banks' health. Obama feels 'urgency' about finishing Dodd-Frank rules: White House WASHINGTON (Reuters) - President Barack Obama plans to communicate a "sense of urgency" about finishing new rules for Wall Street when he meets with top U.S. financial regulators on Monday, a White House spokesman said. Analysis: In choice of next Fed chair, a focus on regulatory views SAN FRANCISCO (Reuters) - As President Barack Obama weighs whom to nominate to succeed Federal Reserve Chairman Ben Bernanke, he will look well beyond their stance on monetary policy, the traditional measure of a good central bank chief. Employment gains falter in U.S. states WASHINGTON (Reuters) - Jobless rates dropped in only eight states in July from the previous month and rose in 28, the Labor Department said on Monday, as employment gains sputtered. JPMorgan China probe sends chill through investment banks HONG KONG (Reuters) - A U.S. banking regulator's probe into JPMorgan's hiring practices in China will have rival banks scrambling to review their own records, lawyers say, in a market where ties to political and business leaders can be key to winning big deals. India, Brazil, other emerging economies hit by currency rout MUMBAI/RIO DE JANEIRO (Reuters) - The Indian rupee plummeted to a record low against the dollar on Monday, leading a rout by Brazil's real and other emerging market currencies seen by investors as the most vulnerable to an exodus of foreign capital. Fannie, Freddie should recognize bad loan costs immediately: watchdog WASHINGTON (Reuters) - Fannie Mae and Freddie Mac are possibly masking billions of dollars in losses because of the level of delinquent home loans they carry, a federal watchdog said on Monday, adding that the companies should immediately be required to recognize the costs of some bad mortgages. U.S. court gives lawsuit over Barclays disclosures a second chance NEW YORK (Reuters) - A U.S. appeals court on Monday said investors may revive a lawsuit accusing Britain's Barclays Plc of misleading them in a 2008 stock offering about its subprime mortgage exposure and ability to manage credit risks. Related Video Techquity: Friends for Facebook, Intel plus golden Apple? Facial recognition brings new look to shopping Economic News Analysis: In choice of next Fed chair, a focus on regulatory views Fed tells big banks to improve capital planning A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend