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Stories of Interest
- New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
- Deutsche Bank Said to Lose as Much as $60Mn Over Derivative Trade
- Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- RBS to Cut 443 Jobs In UK, Move Many of Them to India
- Deutsche Bank Bullish on London Despite Brexit
- Supreme Court Nears Finish With Big Cases, Retirement Rumors
- The Richest Person in Every State
- LPL Tabs Scott Seese, Former eBay Exec, as Chief Information Officer
- Fired Biglaw Associate Arrested for Trying to Extort Partners
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
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NEWSLETTERS & ALERTS
Donald Trump & Co.
Conflicted: Carl Icahn Has Trump’s Ear on Selected Rules
Scenario: You own an oil refinery and aren’t pleased with a federal rule that requires refiners to mix certain levels of renewable fuels into gasoline and diesel. It’s eating into your profits. As an adviser to the President, you submit a rule proposal that would shift the added cost and burden to others.
That’s the case Public Citizen, a government watchdog, is making to Congress in its request to have Carl Icahn investigated for violation of the lobbying disclosure laws.
Icahn, who’s an unpaid adviser to Trump on regulation, doesn’t understand the fuss. Yes, he admits the change would help his 82%-owned company. But the real focus of the benefit is on the entire refining industry.
For the record, Icahn has disclosed his role as a Trump adviser to the SEC, but has not registered as a lobbyist. Accordingly, several Democratic lawmakers have said they want more information about his role in the Trump administration.