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Friday, May 3, 2013

Reuters Money: SEC chief White remains mum on money market fund rules

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05/3/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
SEC chief White remains mum on money market fund rules
WASHINGTON (Reuters) - The top securities regulator remained tight-lipped on Friday about the details of her agency's efforts to craft reforms for money market funds, probably disappointing an audience of fund industry executives who gathered in Washington for an annual conference.
Column: An extraordinary summer
(Reuters) - Put away the sunblock and beach towels, for central bankers this is going to be yet another summer of extraordinary measures.
Regulators eye troubling credentials for advising seniors
NEW YORK (Reuters) - Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
Speed your home sale by shooting a YouTube video
CHICAGO (Reuters) - Nicholas Kennedy was in a rush to sell his condo in Sherman Oaks, California. He and his wife have a 3-month-old girl, and the couple wanted to be close to their families in the Dallas, Texas area.
Consumer watchdog expands probe into auto lender industry: WSJ
(Reuters) - The Consumer Financial Protection Bureau (CPFB) expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the Wall Street Journal reported on Thursday, citing people familiar with the investigation.
UBS shrugs off break up call, with shareholder support
ZURICH/LONDON (Reuters) - UBS won broad shareholder backing for its strategy and pay policies on Thursday, dealing a blow to a surprise call from activist investor Knight Vinke Asset Management for the Swiss bank to hive off its investment bank.
SAC fund to adopt claw-back provision, beef up compliance
BOSTON/NEW YORK (Reuters) - Hedge fund titan Steven A. Cohen, whose $15 billion firm has been under fire for alleged insider trading, took an unprecedented step when he said on Thursday SAC Capital Advisors would begin clawing back compensation from employees who are found to use illegally obtained information.
BlackRock to hire 300 lawyers to handle regulation 'mess'
ST GALLEN, Switzerland (Reuters) - BlackRock Inc, the world's largest money manager, plans to hire another 300 lawyers to help it deal with fragmented global regulation, particularly of banks.
Hedge fund Centaurus to return cash, shut Asia office: source
HONG KONG/LONDON (Reuters) - Hedge fund firm Centaurus Capital is returning external investors all of their money after clashes with them over where the best money-making opportunities lay, a source familiar with the firm said.
Private equity group Carlyle hires energy investment team
LONDON (Reuters) - The Carlyle Group has hired a six person energy investment team, the private equity firm said on Thursday, as it looks to take advantage of predicted growth in global demand.
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