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Apr 12, 2016

SEC Litigation Release - April 12, 2016: Khaled "Kal" Bassily.

SEC Seal


Litigation Release No. 23516 / April 12, 2016

Securities and Exchange Commission v. Khaled "Kal" Bassily, Civil Action No. 16-cv-2733 (S.D.N.Y., filed April 12, 2016)

The Guardian | Business | Banking | Financial Conduct Authority - April 13, 2016 (00:01 BST): Consumer watchdog Warns Against 2018 Deadline For PPI Claims by Rupert Jones.

Rupert Jones
The City regulator’s plan to set a 2018 deadline for payment protection insurance claims is “ill-judged” and would set a dangerous precedent, according to consumer body Which?

The Guardian | World | Europe | Tax Havens | Panama Papers - April 12, 2016: Tax investigators From 28 Countries Will Meet in Paris on Wednesday to Launch an Unprecedented International Inquiry on Panama Papers.

Holly Watt
Tax investigators from 28 countries will meet in Paris on Wednesday to launch an unprecedented international inquiry following the publication of the Panama Papers.
Senior officials from tax authorities around the world have said they intend to work together to analyse information revealed by the documents, which have provoked international concern over the offshore industry.

The Guardian | World | Australia | Australian Elections 2016: Negative Gearing Report: Financial Services Firm Had Vested Interest, Says Labor.

Shalailah Medhora
Labor has rubbished reports it was briefed about modelling that showed changes to negative gearing would have a detrimental impact on investment and the economy, saying the commissioners of the report had a vested interest.

WSJ | Forex Closing on April 12, 1016.

The Wall Street Journal Forex Closing
Major Currencies
Tuesday, April 12, 2016

WSJ | Major Indexes Closing on April 12, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EDT 04/12/16

WSJ | Biggest Gainers Closing on April 12, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 04/12/2016

WSJ | Most Actives Closing on April 12, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 04/12/2016

WSJ | Biggest Gainers Closing on April 12, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 04/12/2016

DealBook P.M. Edition - April 12, 2016: DealBook Highlights: Documents Undercut U.S. Case For Taking Mortgae Giant Fannie Mae's Profit.

Tuesday, April 12, 2016
Pedro Pierluisi, the resident commissioner of Puerto Rico, and his wife, María Elena Carrión, arrived for the inauguration of Gov. Alejandro García Padilla in San Juan on Jan. 2, 2013.
Puerto Rico's Prosperous D.C. Power Couple Pedro Pierluisi, the commissioner to Congress from Puerto Rico, has introduced legislation that could benefit companies which have hired his wife.

  • NYT »
    The mortgage finance giants Fannie Mae and Freddie Mac remain wards of the state years after the credit crisis receded into memory.
    Documents Undercut U.S. Case for Taking Mortgage Giant Fannie Mae's Profits Government lawyers said they changed the terms of a bailout deal to protect taxpayers, but newly unsealed documents call that into question.

Max Keiser Report (E 900) - April 12, 2016: Conspiracy theories That Thrived With no transparency and Mainstream Media Fail.

Published on Apr 12, 2016
Every week Max Keiser looks at all the scandal behind the financial news headlines.
Max and Stacy discuss the latest in the ongoing fallout in the UK from the #PanamaPapers revelations regarding the prime minister’s participation in his father’s offshore fund. They discuss the conspiracy theories that thrived in the absence of government transparency and mainstream media fail. They also cover the story from Scotland where thousands of students are without a school due to the shoddy construction by Private Finance Initiatives. In the second half, Max interviews Alex Cobham of about the #PanamaPapers, the ongoing fallout but also the role that offshore provides in protecting whistleblowers themselves - like WikiLeaks.
Recorded from RT, Keiser Report , April 12, 2016

Federal Reserve Bank of New York Org. - April 12, 2016: Tentative Outright Agency Mortgage-Backed Securities 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.

The Desk plans to purchase a maximum of $18.08 billion in agency MBS over the period beginning April 13, 2016 on FedTrade.
The next release of the tentative agency MBS operation schedule will be at 3PM on Tuesday, April 26, 2016 for the period beginning April 27, 2016.
Schedule pdf

Wall Street at Close Report on April 12, 2016, by CNBC: Dow Closes Up Triple Digits; Energy, Financials Lead as Oil Surges.

Evelyn Cheng
U.S. stocks closed higher Tuesday, with energy stocks leading as crude topped $42 a barrel, as investors awaited the bulk of earnings due over the next few weeks.

AL Jazeera English - April 12, 2015: UK's Cameron Fights Back in Parliament

Al Jazeera English Al Jazeera English

Published on Apr 12, 2016
Britain's Prime Minister has defended his family's financial arrangements in a special sitting of parliament.

Cameron is under pressure after revelations in the Panama Papers about his late father's offshore investments.

NYT | Opinion Pages - April 12, 2016: Time to Think Bigger About the Refugee Crisis, by Bono.

Simon Prades
I’VE recently returned from the Middle East and East Africa, where I visited a number of refugee camps — car parks of humanity. I went as an activist and as a European. Because Europeans have come to realize — quite painfully in the past year or two — that the mass exodus from collapsed countries like Syria is not just a Middle Eastern or African problem, it’s a European problem. It’s an American one, too. It affects us all.

FDIC Press Release - April 12, 2016: FDIC's Systemic Resolution Advisory Committee to Meet April 14


Press Release

April 12, 2016
Media contact:
Julianne Fisher Breitbeil
(202) 898-6895
The Federal Deposit Insurance Corporation's Systemic Resolution Advisory Committee is scheduled to meet Thursday, April 14, in Washington, D.C. FDIC Chairman Martin J. Gruenberg will begin the meeting at 9 a.m. with opening remarks.

FTC Press Release - April 12, 2016: FTC, DOJ Issue Joint Statement on Preserving Competition in the Defense Industry

FTC@100 Banner

Statement Highlights Factors Key to Assessing Risks Associated with Further Consolidation

CMI Spot Prices at Close on April 12, 2016.

Spot Prices as of traditional New York closing times

Tuesday, April 12, 2016


The Guardian | Opinion | Tax Havens - April 12, 2016: Politicians Dont't Know The Price of Milk - But They do Know How to Set Up a Shell Company.
Frankie Boyle
Perhaps we have all become too cynical. Why should we be suspicious of people who hide money deep within multiple shell companies on a tax-haven island with the transparency of a lead-lined coffin? It’s like being suspicious of your husband just because he’s hidden a second mobile phone in a box of Maltesers in his gym bag, wrapped in an old dust sheet, in the car, in the space where the spare wheel should be.

FRB Press Release - April 12, 2016: Federal Reserve Board announces termination of enforcement action.

Release Date: April 12, 2016

The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below:
CBS Financial Corporation, Smyrna, Georgia
Written Agreement issued August 10, 2009
Terminated April 8, 2016

Search of Federal Reserve enforcement actions.

For media inquiries, call 202-452-2955.

Last update: April 12, 2016

European Markets at Close Report on April 12, 2016, by CNBC: Europe Ends Higher as Oil, Miners Jump; Earnings Eyed
Alexandra Gibbs, Arjun Kharpal, Holly Ellyatt
European stocks accelerated gains at the end of Tuesday's session to close higher, as investors cheered on the rally in commodity prices, amid a mixed set of earnings reports.

Bits | The Business of Technology - April 12, 2016: Facebook's Developer Conference Kicks Off.

The New York Times
Tuesday, April 12, 2016
Facebook's Developer Conference Kicks Off | The event to watch in Silicon Valley this week is Facebook’s annual developer conference, which starts on Tuesday.

RT Max Keiser Report (E899) - Thames Creature Originally Published on April 9, 2016


Bloomberg Politics - April 12, 2016: Clinton Goes All-Out In New York to Hold Off Sanders
Jennifer Epstein jeneps
Hillary Clinton isn't leaving any line of attack untested in the final week before New York's Democratic primary, aware that anything short of a big win may breathe new life into Bernie Sanders' campaign.

NYT First Draft on Politics - April 12, 2016: Latest Phase of Trump Campaign Faces a Test in a Public Forum.

Tuesday, April 12, 2016

The New York Times »

The New York Times

Tuesday, April 12, 2016

Donald J. Trump at a campaign rally on Long Island, N.Y., last week.
Donald J. Trump at a campaign rally on Long Island, N.Y., last week. Damon Winter/The New York Times
Latest Phase of Trump Campaign Faces a Test in a Public Forum

DealBook Today's Top Headlines on April 12, 2016: $5.1 Billion Fine for Goldman Sachs Less Than Meets the Eye | How to Judge 'Too Big to Fail'? | Puerto Rico Proposes Debt Restructuring Plan.

Tuesday, April 12, 2016

U.S. Stock Market Future Indications - April 12, 2016, by MarketWatch: Wall Street Stocks Shake Off Weak Alcoa Results , Rise alongside Oil

Sara Sjolin
U.S. stock futures pointed to a higher open on Tuesday, as rising oil prices offset any lingering disappointment from Alcoa Inc.’s lackluster start to earnings season.

Asian Markets at Close Report on April 12, 2016, by MarketWatch: Nikkei Lifted by Weaker Yen, as Shangai Stocks Slip.

Dominique Fong
Japanese shares rose as the yen weakened slightly Tuesday, delivering relief to investors who are worried that a strong currency hampers efforts to boost the world’s third-largest economy.

The Guardian | UK | Media | Media Briefing - April 12, 2016: Today's Media Stories From The Papers.

Top story on MediaGuardian

Kevin Spacey: House of Cards ‘doesn’t go far enough’ in reflecting US election
Star, who plays Frank Underwood in the Netflix series, says some real-life presidential candidates ‘appear to be fictional’