Kentucky's retirement funds fighting back a bill requiring them to disclose performance fees pad outside asset managers. They also promised to use more transparent methods when selecting those managers.
Concerns rise all over Europe that finds itself inadquate to handle the ongoing rush of refugees crossing over from the Mediterarnean with Greece as its first stop. More than 100,000 asylum seekers have made the trip in just two months, an unprecedeented number according to migrant officials.
Banking giant JP Morgan warns that more financial instituitons will cut their credit lines to energy firms by 15-20%. The oil and gas industries are in turmoil with more than 100 bankruptices forecasted.
Former JPMorgan trader breaks his silence for the first time in years. He said that he is not responsible for the "London Whale" debacle.
