NY Daily Record Since 1908
Construction is underway to turn the former Hart's Local Grocers building on Rochester's East End into the new headquarters for RDG+Partners.
Read More »Former Hart’s will be new home for RDG+Partners
Libor’s uncertain succession gives banks, markets a headache
U.K. regulators’ decision to abandon the Libor benchmark by the end of 2021 threatens to sow confusion in the market as the industry races to replace the scandal-plagued rate that underpins more than $350 trillion of financial products. “It’s going ...
Read More »Ex-Credit Suisse banker helping U.S. after tax guilty plea
A former Credit Suisse Group banker who pleaded guilty to conspiring to help Americans hide income and assets from the Internal Revenue Service is cooperating with U.S. prosecutors in a bid for the sort of leniency her former colleagues received. ...
Read More »US appeals court tosses convictions of British ex-bankers
NEW YORK (AP) — A U.S. appeals court cited the Fifth Amendment right to be free from self-incrimination as it reversed the convictions Wednesday of two British ex-bankers charged with conspiring to manipulate the primary benchmark for global short-term interest ...
Read More »RBS to pay $5.5 billion in FHFA mortgage-bond settlement
Royal Bank of Scotland Group agreed to pay $5.5 billion to settle the second of three major U.S. mortgage-backed securities probes the government-owned lender must overcome before it can fully return to the private sector. The accord between the British ...
Tagged with: Banking
Read More »Federal regulator moves to mostly ban arbitration clauses
NEW YORK (AP) — Consumers could band together to sue their banks or credit card companies under a federal rule issued Monday that’s likely to face resistance from Congressional Republicans and the White House. The Consumer Financial Protection Bureau decided ...
Read More »Madoff clients fighting for fortunes get help – from the con man
Dozens of Bernard Madoff’s early investors are getting help from an unlikely source in a fight to keep their profits: the con man himself. From his federal lockup in Butner, North Carolina, Madoff said at a recent deposition he was ...
Read More »High court backs bids to collect outdated debt in bankruptcy
A divided U.S. Supreme Court ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired. Voting 5-3, the court said companies don’t violate the U.S. Fair Debt ...
Read More »Warren Buffett slams Wells Fargo’s handling of massive sales scandal
Billionaire investor Warren E. Buffett rebuked Wells Fargo’s handling of widespread illegal sales practices that spanned at least 15 years and included targeting undocumented immigrants to open new bank accounts. Buffett said the San Francisco banking giant’s executives failed to ...
Read More »Yellen signals growing likelihood of Dec. rate hike
WASHINGTON — Federal Reserve Chair Janet Yellen told Congress on Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks ...
Tagged with: Federal Reserve Janet Yellen
Read More »Legal Times gives KPMG high score
The fifth annual Best of Legal Times rankings puts KPMG LLP, the audit, tax and advisory firm, No. 1 in five categories for the firm’s e-discovery, e-discovery mobile app, litigation dispute advisory, litigation valuation and investigations services. Richard H. Girgenti, who ...
Read More »Congratulations, Rochester, your credit is good
Greater Rochester has the best credit score of any metropolitan area in the state, according to Experian’s sixth annual State of Credit report. The Rochester metropolitan area ranks 35th of 211 locations in the nation surveyed for the report. It ...
Tagged with: Rochester
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