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February 7, 2013
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  Top Story 
  • Efforts to revamp credit rating agencies are stalled
    The U.S. government's efforts to reform credit rating agencies have bogged down in the years since top-rated mortgage-backed securities started going bad, jeopardizing the financial system. The longer the government waits to overhaul the credit rating system, the closer the nation comes to repeating the 2008 crisis, experts say. The Washington Post (2/6) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • HSBC's money-laundering settlement took a toll, CEO says
    HSBC Holdings CEO Stuart Gulliver says he felt "absolutely no pleasure whatsoever" in settling with the U.S. Justice Department regarding money-laundering allegations in Mexico. "We've crushed our reputation with the Mexican events," he said. The settlement involved a $1.92 billion payment, and an independent regulator must monitor anti-money-laundering compliance at HSBC. Bloomberg (2/6) LinkedInFacebookTwitterEmail this Story
  • Retirement plans seen making more use of target-date strategies
    Defined-contribution retirement plans likely will increase use of target-date investment strategies, encouraged by features including auto-enrollment, re-enrollment and default investment options, industry experts said. During the 12-month period that ended Sept. 30, investment in target-date strategies by defined-contribution plans rose nearly 29%, according to Pensions & Investments' annual survey of the biggest retirement plans. Pensions & Investments (free registration) (2/4) LinkedInFacebookTwitterEmail this Story
  New York Focus 
  Career Development 
  • How to be a more intense boss
    Intensity is a powerful tool for any leader, although it's important to ensure that your focus and commitment don't come across as anger or obsession, writes Art Petty. Authenticity is a vital part of that process, Petty adds. "Your commitment to the mission at hand must come through in your every word, action and during every encounter," he writes. ArtPetty.com (2/4) LinkedInFacebookTwitterEmail this Story
  On The Economy 
  Financial Products 
  SmartQuote 
I am never bored anywhere: being bored is an insult to oneself."
--Jules Renard,
French author


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