Oil held near $109 a barrel on Friday and was heading for a weekly drop on the return of some Libyan output, a reduced prospect of military action against Syria and signals from Iran that it is looking for a thaw in relations with the West. Persistent concern about […]
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Banks to repay 7.9 billion euros of ECB crisis loans
Banks will return 7.91 billion euros ($10.71 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, driving the amount of excess liquidity down and closer to the threshold where market interest rates could rise. By repaying the ECB’s crisis funds early, banks […]
S.E.C. Proposes Greater Disclosure on Pay for C.E.O.’s
Addressing these concerns, the S.E.C.’s chairwoman, Mary Jo White, emphasized on Wednesday that the agency would provide companies some flexibility in complying with the rules. This would include allowing them to determine the median pay of their employees by using a statistical sample. “The S.E.C. has done a terrific job […]
