Category «Financial System»

GAO 6th annual report on federal data and IT fragmentation

2016 Annual Report Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits, GAO-16-375SP: Published: Apr 13, 2016. Publicly Released: Apr 13, 2016. WHAT GAO FOUND – In its 2016 report, GAO presents 92 actions that the executive branch or Congress could take to improve efficiency and effectiveness across 37 areas that …

Subjects: Defense, E-Government, Economy, Financial System, Government Documents, Internet, Knowledge Management

The dozen plus one CEO’s who earn more than $30M per year

USA Today: “Eleven current CEOs of S&P 500 companies, including Philippe Dauman of media giant Viacom (VIAB), Marc Benioff of online sales software maker Salesforce.com (CRM) and Robert Iger of media powerhouse Disney (DIS), are members of the lucrative $30-million-a-year club, based on an analysis of data from S&P Global Market Intelligence by USA TODAY of the 418 CEO …

Subjects: Economy, Financial System, Legal Research

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from Statutory Rate

Corporate Income Tax: Most Large Profitable U.S. Corporations Paid Tax but Effective Tax Rates Differed Significantly from the Statutory Rate, GAO-16-363: Published: Mar 17, 2016. Publicly Released: Apr 13, 2016. “In each year from 2006 to 2012, at least two-thirds of all active corporations had no federal income tax liability. Larger corporations were more likely …

Subjects: Economy, Financial System, Government Documents, Legal Research

Agencies Announce Determinations Provide Feedback on Resolution Plans of 8 Systemically Important, Domestic Banking Institutions

Federal Reserve news release: “The Federal Deposit Insurance Corporation and the Federal Reserve Board on Wednesday jointly announced determinations and provided firm-specific feedback on the 2015 resolution plans of eight systemically important, domestic banking institutions. The agencies have jointly determined that each of the 2015 resolution plans of Bank of America, Bank of New York …

Subjects: Economy, Financial System, Legal Research

GAO Reports – Army Planning, Defense Infrastructure, Disability Insurance, Medicare

2016 Annual Report: Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits, GAO-16-375SP: Published: Apr 13, 2016. Publicly Released: Apr 13, 2016. Army Planning: Comprehensive Risk Assessment Needed for Planned Changes to the Army’s Force Structure, GAO-16-327: Published: Apr 13, 2016. Publicly Released: Apr 13, 2016. Defense Infrastructure: DOD Has Made …

Subjects: Defense, Economy, Financial System, Government Documents, Health Care, Medicine

GAO Report on Government Efficiency and Effectiveness

Government Efficiency and Effectiveness: Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits, GAO-16-579T: Published: Apr 13, 2016. Publicly Released: Apr 13, 2016: “GAO’s 2016 annual report identifies 92 new actions that Congress and executive branch agencies could take to improve the efficiency and effectiveness of government in 37 areas. GAO identifies …

Subjects: Congress, Economy, Financial System, Government Documents, Knowledge Management

Goldman Sachs Agrees to Pay More than $5B in Connection with Sale of Residential Mortgage Backed Securities

DOJ news release, April 11, 2016: “The Justice Department, along with federal and state partners, announced today a $5.06 billion settlement with Goldman Sachs related to Goldman’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007.  The resolution announced today requires Goldman to pay $2.385 billion …

Subjects: Congress, Economy, Financial System, Government Documents, Housing, Legal Research, Legislation

FTC, DOJ Issue Joint Statement on Preserving Competition in the Defense Industry

“The Federal Trade Commission and the Department of Justice today issued a joint statement reaffirming the importance of preserving competition in the defense industry. The statement describes the agencies’ framework for analyzing defense industry mergers and acquisitions and emphasizes that the antitrust agencies work closely with the Department of Defense, which is in a unique …

Subjects: Defense, Economy, Financial System, Government Documents, Legal Research

Searching for Fair Housing

Fennell, Lee Anne, Searching for Fair Housing (April 10, 2016). Boston University Law Review, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2762026 “There is a blind spot in the scholarly and legal treatment of housing discrimination: the racial biases of home seekers. Search strategies routinely incorporate information about neighborhood racial composition, either as a proxy or …

Subjects: Civil Liberties, Economy, Financial System, Housing

Updates to Census Business Builder: Small Business Edition

“The latest update to the Small Business Edition includes the addition of American Community Survey statistics, new features including a new data dashboard and performance improvements. An update to the Regional Analyst Edition will be available later this month. Four new American Community Survey statistics were added based on user feedback: Percentage of workers using …

Subjects: Economy, Financial System, Government Documents

GAO Report – Nonbank Mortgage Servicers

Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened, GAO-16-278: Published: Mar 10, 2016. Publicly Released: Apr 11, 2016: “The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 percent in 2015 (as measured by unpaid principal balance). However, banks continued to service the remainder (about 75.8 …

Subjects: Economy, Financial System, Government Documents, Housing