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FINRA Fines U.S. Bank Over Securities
Posted on April 23rd, 2010 No commentsThe Financial Industry Regulatory Authority, or FINRA, has fined U.S. Bank $275,000 over charges related to the selling of auction-rate securities before the market for those securities collapsed in 2008. The Minneapolis-based banking company has already repurchased more than $150 million of auction rate securities held in customer accounts, according to the Business Journal of Milwaukee.
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Editorial: ‘Light at End of TARP Tunnel’
Posted on April 23rd, 2010 No commentsThe $700 billion Troubled Asset Relief Program may end up costing the nation around $89 million, according to the U.S. Treasury, a figure that does not include the billions to help Fannie Mae and Freddie Mac. “It’s still big money, but compared with what could have happened when credit markets seized at the end of 2008, it was money well spent,” the Milwaukee Journal Sentinel wrote in an editorial.