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Dec 23, 2015

Federal Reserve Bank of New York Org. - December 23, 2015: Tentative Outright Agency MBS Operation Schedule.


Tentative Outright Agency Mortgage-Backed Securities Operation Schedule
The Desk's tentative operations schedules associated with outright purchases of agency mortgage-backed securities (MBS) securities as announced by the Federal Open Market Committee.

WSJ | Biggest Decliners Closing on December 23, 2015.

NYSE Biggest Percentage Decliners | Nasdaq | Arca | Composite
Wednesday, December 23, 2015 - 5:01 pm ET

WSJ | Biggest Gainers Closing on December 23, 2015:

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 12/23/2015
NYSE

WSJ | Most Actives Closing on December 23, 2015.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 12/23/2015
NYSE

DealBook P.M. Edition - December 23, 2015: Top Story: Banks Reject New York City IDs, Leaving 'Unbanked' on Sidelines.

 
Wednesday, December 23, 2015
TOP STORY
Blanca Perez, in her home in Queens, could not use her New York City IDNYC card at a major bank.
Banks Reject New York City IDs, Leaving 'Unbanked' on Sidelines Some top banks - including JPMorgan Chase, Bank of America and Citigroup - will not accept the cards as a primary ID, even though federal regulators have approved their use.

SEC Press Release - December 23, 2015: Michael J. Ling.


U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23439 / December 23, 2015

Securities and Exchange Commission v. Michael J. Ling, Civil Action No. 15-cv-02179 (KSH) (CLW) (D.N.J.)

SEC Obtains Final Judgment Against Michael J. Ling

SEC Litigation Release - December 23, 2015: Bonan Huang, et al.

SEC Seal

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23438 / December 23, 2015

Securities and Exchange Commission v. Bonan Huang, et al., Civil Action No. 2:15-cv-00269 (E.D. Pa.)

Former Capital One Employee to Pay $4.7 Million to Settle Insider Trading Charges

Wall Street at Close Report on December 23, 2015: Dow Closes Triple Digits, S&P Green for Year as Energy Leads.

 I  Apologize for Previous Closing Report ERROR Before Closing Time by CNBC.

Fernando Guzmán Cavero

FDIC Press Release - December 23, 2015: FDIC Announces Settlement with The Bancorp Bank, Wilmington, Del., for Unfair and Deceptive Practices.

FDIC

Press Release

FDIC Announces Settlement with The Bancorp Bank, Wilmington, Del., for Unfair and Deceptive Practices

Harmed consumers to receive approximately $1.3 million in restitution

FOR IMMEDIATE RELEASE
December 23, 2015
Media Contact:
Barbara Hagenbaugh (202) 898-7192
bhagenbaugh@fdic.gov
The Federal Deposit Insurance Corporation (FDIC) announced a settlement with The Bancorp Bank, Wilmington, Del., for unfair and deceptive practices in violation of Section 5 of the Federal Trade Commission Act (Section 5).

FRB Press Release - December 23, 2015: Federal Reserve Board announces civil money penalty and issues cease and desist order against Higher One, Inc.

 

Press Release

Release Date: December 23, 2015

The Federal Reserve Board on Wednesday assessed a civil money penalty and issued a consent order to cease and desist against Higher One, Inc. of New Haven, Connecticut (Higher One). The order addresses deceptive practices by Higher One that misled students who obtained financial aid disbursements from institutions of higher education through Higher One. The practices employed by Higher One were misleading under section 5 of the Federal Trade Commission Act (FTC Act) and included:

FDIC Press Release - December 23, 2015: FDIC Announces Settlement with WEX Bank and Higher One for Deceptive Practices Related to Debit Cards for College Students

FDIC

Press Release

FDIC Announces Settlement with WEX Bank and Higher One for Deceptive Practices Related to Debit Cards for College Students

Harmed consumers to receive approximately $31 million in restitution

FOR IMMEDIATE RELEASE
December 23, 2015
Media Contact:
Barbara Hagenbaugh, (202) 898-7192
Email: bhagenbaugh@fdic.gov
The Federal Deposit Insurance Corporation (FDIC) today announced settlements with WEX Bank, Midvale, Utah, and Higher One, Inc., New Haven, Conn., an institution-affiliated party of WEX Bank, for deceptive practices in violation of Section 5 of the Federal Trade Commission (FTC) Act.
As part of the settlements, WEX Bank and Higher One have each stipulated to the issuance of a Consent Order, Order for Restitution, and Order to Pay Civil Money Penalty. The FDIC orders require Higher One to pay a civil money penalty of $2.23 million and WEX Bank to pay $1.75 million, and together to pay total restitution of approximately $31 million to an estimated 900,000 harmed consumers. Consumers who are eligible for relief under the settlements are not required to take any action to receive compensation.

Bits | The Business of Technology Daily Report - December 23, 2015: Improving the Understanding of Tech in 2016

bits.blogs.nytimes.com

Daily Report: Improving the Understanding of Tech in 2016

Pui-Wing Tam
 
The last year has revealed a big problem in tech: A lack of understanding of it.

European Marketsa at Close Report on December 23, 2015: Miners soarEurope Ends 2.7% Up on Oil Recovery; Miners Soar.

cnbc.com

Europe ends 2.7% up on oil recovery; Miners soar

Arjun Kharpal, Holly Ellyatt, Alexandra Gibbs
 
European markets accelerated gains on Wednesday to close sharply higher, as investors cheered the recovery in oil prices and mining stocks.
The pan-European STOXX 600 finished 2.7 percent higher provisionally, with all sectors closing sharply higher, helped by a positive trading session in the U.S.

ESA | New Residential Sales: ESA | Sales of New Single-Family Houses in November 2015 Were at a Seasonally Adjusted Annual Rate (SAAR), Up 4.3% From October’s Revised Rate and Up 9.1 % From November 2014.

ESA Overlay Banner



Sales of new single-family houses in November 2015 were 490,000 at a seasonally adjusted annual rate (SAAR), up 4.3 percent from October’s revised rate and up 9.1 percent from November 2014.



Economics & Statistics Administration

U.S. Census Bureau
Bureau of Economic Analysis

ESA | Advance Report on Durable Goods - December 23, 2015: New orders for manufactured durable goods in November 2015 were virtually unchanged at $238.8 billion... More

ESA Overlay Banner

New orders for manufactured durable goods in November 2015 were virtually unchanged at $238.8 billion. Excluding transportation, new orders decreased 0.1 percent.  Overall shipments increased 0.9 percent, and capital goods shipments rose 1.1 percent. Unfilled orders increased 0.2 percent, and inventories decreased 0.3 percent.


Economics & Statistics Administration

U.S. Census Bureau
Bureau of Economic Analysis

Gold by CNBC - December 23, 2015: Gold Steadies as Rising Oil Prices Offset Dollar.

cnbc.com

Gold steadies as rising oil prices offset dollar

CNBC

Gold steadied on Wednesday, hemmed into a narrow range in thin pre-holiday trade, as a recovery in oil prices from 11-year lows offset fresh strength in the dollar.
The metal is up half a percent this week, having risen largely on short covering after last week's slide which followed the Federal Reserve's announcement that it was lifting interest rates for the first time in nearly a decade.

Bloomberg View - December 23, 2015: SpaceX's Rocket Revolution Shows Power of Competition

bloombergview.com

SpaceX's Rocket Revolution Shows Power of Competition

The Editors
 
It's an image that may one day prove iconic: a shimmering 14-story rocket, in a haze of fire and smoke, touching down gently at Cape Canaveral's Landing Zone 1, just minutes after delivering a payload into space.
The smooth landing led to bouts of delirium at SpaceX, Elon Musk's aerospace startup. And with good reason: The successful voyage and return of a functional Falcon 9 booster was one of the company's most ambitious goals. And its striking success Monday, after three previous failures, suggests the space business may be on the verge of a breakthrough.

NYT First Draft on Politics - December 23, 2015: Which Way Does the Wind Blow in the Republican Primary?


Wednesday, December 23, 2015

The New York Times

NYTimes.com/FirstDraft »

The New York Times

Wednesday, December 23, 2015

Donald J. Trump addressing supporters at a campaign rally on Monday in Grand Rapids, Mich.
Donald J. Trump addressing supporters at a campaign rally on Monday in Grand Rapids, Mich. Carlos Osorio/Associated Press
Which Way Does the Wind Blow in the Republican Primary?
By MAGGIE HABERMAN
Good Wednesday morning. We take a closer look at the Republican electorate, the candidates embrace the holiday spirit in their campaign ads, and with the legislative session in the books, C-Span looks at which presidential contenders stayed busy on Capitol Hill, and who kept out of sight. 

DealBook Today's Top Headlines - December 23, 20105: Do-It-Yourself Defense | Deal Professor Grades for the Year | Ex-Morgan Stanley Adviser Receives Probation for Data Theft

 
Wednesday, December 23, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
DO-IT-YOURSELF DEFENSE Money managers and entrepreneurs charged with a crime or civil securities fraud used to keep their mouths shut. But in the age of social media, defendants are taking to Twitter and lawyers say it is a terrible idea, Matthew Goldstein and Alexandra Stevenson write in DealBook.

U.S. Stock Market Future Indications by Market eact Set For Tree Dayy Gain., With Stream of Stream of Data Aheads:

marketwatch.com

U.S. stocks set for third day of gains, with stream of data ahead


U.S. stock futures pointed to a third straight session of gains on Wednesday, with a raft of fresh economic data ahead that may provide some momentum as markets wind down the holiday-shortened week.

The Guardian | Takijistann | Tajikistan Bans Christmas and New Year.December 23, 2015:

theguardian.com

Tajikistan bans Christmas and New Year

Tajikistan has tightened restrictions on festive season celebrations, banning Christmas trees and gift-giving in schools.
This year’s measures are the toughest yet implemented by the country, which has been toning down Christmas and New Year celebrations for some time – banning Father Frost, Russia’s version of Santa Claus, from television screens in 2013.

SEC Press Release - December 22, 2015: Morgan Stanley Settles Charges in “Parking” Scheme.

 SEC Seal

Morgan Stanley Settles Charges in “Parking” Scheme

FOR IMMEDIATE RELEASE
2015-287
Washington D.C., Dec. 22, 2015 — 

The Securities and Exchange Commission today announced that Morgan Stanley Investment Management has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading known as “parking” that favored certain advisory client accounts over others.