In an interview with David Greene, outgoing Securities and Exchange Commission Chairman Mary Schapiro reflects on her tenure at the agency, and the disappointment that she wasn't able to overhaul money market funds. She leaves the job on Friday.
The bank UBS has been in the middle of a huge investigation into interest rate manipulation. There are several reports that a subsidiary of UBS is making a settlement deal with U.S., British and Swiss officials.
As the negotiations drag on, the lack of progress means the key players have necessarily taken to repeating themselves. Sometimes, word-for-word, as they describe how they have worked for a solution while their opponents have stonewalled.
The term "right to work" has been in the news a lot this week. On Tuesday, Michigan became the 24th state to enact right-to-work legislation. It means unions can no longer require workers to pay full dues, even if they're working in a union shop.
The accusations against HSBC were harsh — that the bank laundered money for Mexican drug cartels and conducted transactions on behalf of Iran and other states tied to terrorism. So, why did federal authorities fine HSBC rather than pursue criminal charges?
Of the 535 members of Congress, not many are in the loop about negotiations to avoid automatic spending cuts and tax increases in the new year. Lawmakers are waiting to see what President Obama and House Speaker John Boehner come up with — and some are nervous about having to quickly vote on a bill despite misgivings.
Eden Full dropped out of Princeton to found a startup company that brings the solar panel technology she invented to developing countries as part of a fellowship. The unusual program, funded by tech entrepreneur Peter Thiel, gives young people $100,000 to skip college and focus on their work and research instead.
European Leaders have been working to figure out a way to supervise banks spread across the different countries that use the Euro currency. The German finance minister said a new system would be up and running by the spring of 2014.