Reining in the Banks: President Obama plans to propose new limits on the size and investments of large banks, according to the Washington Post. The plan, which will be unveiled today, is part of a push by the White House to reframe its financial reform agenda as an effort to rein in the companies widely blamed for causing the economic crisis.
Green Light: The European Commission announced it had approved the proposed $7.4 billion takeover of Sun Microsystems by Oracle, the New York Times reports. U.S. regulators had quickly cleared the deal, but the EC was concerned that the combination could harm the database software market.
Special Session: The U.S. Supreme Court today will hold a rare if not unprecedented Thursday session. The session will almost certainly be the platform for announcing the Citizens United decision on campaign finance regulation, the National Law Journal reports.
Case Closed: General Re agreed to pay more than $90 million to resolve the DOJ and SEC charges, including a $60.5 million payment to shareholders in a Manhattan federal district court class action against AIG, the AmLaw Litigation Daily reports.
Deaf Ear: The Washington Post examines the Securities & Exchange Commission’s haphazard methods of dealing with whistleblowers trying to tip the agency off to wrongdoing.