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Trade group SIFMA names ex-Senator Gregg as CEO

SIFMA, the U.S. securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.The Securities Industry and Financial Markets Association had been expected to give the post to interim chief executive and president Kenneth Bentsen, a veteran lobbyist, said a person close to the group.Instead, it split up the functions, naming Bentsen as full-time president with a mandate to influence a slew of rules regulators are now writing to govern trading, investment banking and mutual and hedge fund investing.Gregg, whose bipartisan credentials include two terms as governor of New Hampshire, three as senator, four as congressman, and one-time nominee for Secretary of Commerce in U.S. President Barack Obama's cabinet, said he will leave legislative maneuvering to Bentsen while he rallies the public about the need for preserving efficient U.S. capital markets and cheap a...

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  1. Merkel coalition partner warns against euro weakening

    German Chancellor Angela Merkel's junior coalition partner warned on Saturday against efforts to talk down the euro, saying a weaker currency would stoke inflation a...

  2. Rusal Dismisses Shareholder's Criticism as 'Unabashed Populism'

    United Co. Rusal PLC (0486.HK), the world's largest aluminum producer, on Tuesday dismissed a key shareholder's criticism of the company's plans to cut annual output...

  3. Dietl on the Aftermath of Sequestration

    Investigation.com’s Bo Dietl on the government’s automatic spending cuts.

  4. Analysis: Optimistic India budget jars with revenue reality

    Staking his credibility on meeting a deficit-cutting target, Indian Finance Minister P. Chidambaram is likely to be forced to scale back spending in the upcoming fis...

  5. Does Italy Need Reform?

    Jan Randolph of IHS Global Insight weighs in on the state of European markets.

  6. India Budget Boosts Social Spending, Keeps Fiscal Deficit Aim

    India's finance minister Thursday tried to balance political compulsions with repeated promises of financial discipline, saying he will raise spending but that he wi...

  7. Utilities Charging Up Front for Infrastructure Updates?

    Clearview Energy Partners Managing Director Christine Tezak shares her thoughts on whether upfront charges for infrastructure updates is good policy.

  8. Analysis: Icelanders question their lauded economic recovery

    Iceland's biggest IT company CCP is what the island needs to leave its economic crisis behind. It is global, growing and employs hundreds but its tale is also one of...

  9. Bulgarian Government Resigns Amid Protests

    The European economic crisis felled its latest political victim on Wednesday as Bulgaria's government resigned from office after days of nationwide protests against ...

  10. Ecuador's Correa Expected to Win Presidential Ballot

    Exit polls showed that Ecuadorian President Rafael Correa was re-elected with overwhelming support for a third term in Sunday's elections, an outcome that could resu...

  11. China, technology and the U.S. middle class: Chrystia Freeland

    President Barack Obama's State of the Union speech this week confirmed it: The pre-eminent political and economic challenge in the industrialized democracies is how ...

  12. Baker on N.K. Nuclear Test, Soldier Support Post War

    Former CIA Operative Mike Baker on the nuclear-weapon status in the Middle East and Asia and life after war for today’s soldiers.

  1. The Gender Pay Gap Is a Myth

    Every year around this time we're treated to the same eyeball catching headlines about the stubborn persistence of the gender pay gap. The White House has an entire ...

  2. Trade, Investment Seen Dominating Argentina, Brazil Presidential Summit

    The leaders of Brazil and Argentina are scheduled to meet in Buenos Aires on Thursday in a summit at which disputes related to trade and investment will likely domin...

  3. Argentines Stage Nationwide Protests

    Tens of thousands of people took to streets across Argentina to protest against President Cristina Kirchner's government and her plan to overhaul the judicial system...

  4. LME CEO Abbott: Quantitative Easing Is Disrupting Commodity Markets

    The chief executive of the London Metal Exchange said Wednesday financial regulation, particularly in Europe, poses a threat to a free market for commodities and to ...

  5. Judge Holding Up SAC Settlement Asking Right Questions

    The most promising aspect of the ongoing legal drama surrounding Steven A. Cohen and his mega SAC Capital Advisors hedge fund isn't that the walls seem to be closing...

  6. Euro zone jobless rate steady at 12.0 percent

    The euro zone jobless rate was stable at 12.0 percent in February, the European Union statistics office Eurostat said on Tuesday, which could add pressure for an int...

  7. Indonesia struggles to solve politically toxic fuel subsidy problem

    Scraping out a living on $5 a day, taxi driver Sukarjo fears losing what many poor Indonesians see as the main economic help they get from their government: a subsid...

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