Barclays has filed a motion with a New York court to dismiss state Attorney General Eric Schneiderman's complaint about high-speed trading at the bank's dark pool. Barclays says there's no evidence that it misled clients.
A decision by the Financial Stability Oversight Council to classify Prudential Financial as a "systemically important financial institution" subject to increased regulation is a warning sign that the FSOC is overreaching its mandate, writes Peter Wallison of the American Enterprise Institute.
Credit Suisse CEO Brady Dougan is set to testify Wednesday before the Senate Permanent Subcommittee on Investigations about offshore tax evasion. Fourteen Swiss banks are being investigated, accused of helping Americans hide money from tax authorities.