Consumers today have high expectations about the content of the products they use. A natural or green label means so much to consumers that it is liberally used, subjecting companies to claims of green washing.
The U.S. risk council is looking to determine whether Warren Buffett's Berkshire Hathaway Inc could be systemically important, a tag that would subject it to stricter regulatory oversight, Bloomberg reported, citing two people familiar with the matter.
The U.S. Chamber of Commerce on Monday called for changes to the U.S. financial risk council that could slow the process by which it designates large financial firms as "systemic," subjecting them to tougher supervision.
By winning the class certification, the plaintiffs would have more leverage to extract larger financial settlements than if they were to sue individually.
On July 9, it became official: The Federal Stability Oversight Council designated American International Group (AIG) as a systemically important financial institution (or SIFI), pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Two more firmsGE and Prudential Financialwere also named as SIFIs. GE will accept the designation,...
The way the railway industry does business in Canada will be transformed by the Transportation Safety Board's investigation into the deadly train derailment that demolished the heart of the Quebec town of Lac-Megantic, TSB investigator Glen Pilonsaid on Friday.