February 19, 2014 |
A top European Union regulator raised concerns Wednesday that new Federal Reserve rules for foreign banks operating in the U.S. could place an unfair burden on EU financial firms. The Fed's Board of Governors now requires Barclays, Deutsche Bank and other large foreign banks doing business in the U.S. to hold more capital in reserve for their U.S. operations to guard against losses and undergo stress tests to determine their financial health. The requirements, approved unanimously Tuesday, are similar to those for the largest U.S. banks.
February 17, 2014 |
Ding-dong, Cap One calling. Credit card issuer Capital One isn't shy about getting into customers' faces. The company recently sent a contract update to cardholders that makes clear it can drop by any time it pleases. The update specifies that "we may contact you in any manner we choose" and that such contacts can include calls, emails, texts, faxes or a "personal visit. " As if that weren't creepy enough, Cap One says these visits can be "at your home and at your place of employment.
CALIFORNIA | LOCAL
February 2, 2014 |
SACRAMENTO - Dan Schnur may represent a new trend and the embodiment of California political reform. Then again, he may be just another wannabe officeholder living in fantasy land. Schnur, 50, a former Republican strategist and spokesman - hack and flack - is running for California secretary of state, or chief elections officer. What makes this noteworthy is that Schnur - most recently a reformer and educator - is trying to become the first nonpartisan to win a partisan statewide office.
January 26, 2014 |
Nothing seemed to underscore the revolving door between federal regulators and the companies they regulate as vividly as the two milestones marked on Jan. 17 at the National Highway Traffic Safety Administration. One was NHTSA's announcement that it was closing its contentious investigation of fuel tank fires in Chrysler Corp. SUVs, including its Jeep Grand Cherokees. The agency accepted the automaker's remedy of installing trailer hitches in more than 1.5 million vehicles to protect the tanks from rupture in rear-end collisions.
January 26, 2014 |
KABUL, Afghanistan -- Extending a spate of bloodshed in the Afghan capital, a suicide bomber attacked a military bus Sunday morning, killing two soldiers and two civilians and injuring 20, officials said. The bomber was on foot and detonated his explosives around 7 a.m. as the bus carrying air force officers approached in the eastern Kabul district of Karte Naw, according to Afghan defense officials. Two Afghan army officers and two civilians, a man and a woman, were killed, said Zahir Azimy, a spokesman for the Afghan defense ministry. The Taliban claimed responsibility for the attack in an email sent to journalists.
January 24, 2014 |
It's good to be reminded that Sacramento isn't just a consumer of our tax dollars and a dispenser of red tape. It's also a real place with real seasons - daunting heat in summer, golden leaves in fall, chill winds in winter, rampant green renewal in spring. My family and I spent a weekend in November, when fall foliage was still draping Capitol Park (between L and N and 10th and 15th streets) with gravitas. I found J Street livelier than I remembered from a few years before. My wife and daughter liked the wooden sidewalks and Old West flourishes of Old Sacramento.