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Fed's Tarullo wants to get tougher on big banks

Janet Yellan

Federal Reserve Board Governor Daniel Tarullo argued Friday that financial-firm compliance enforcement hasn't been stiff enough and that tougher action on the part of the Fed and other regulators was likely needed.




Barclays to face electricity price lawsuit

A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.

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Hedge fund to shut down Hong Kong office

Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.