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Congress Financial Reform

  • LONDON, May 25- Global regulators will soon finalize a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks to try to boost lending to the economy, and threats by the European Union to stop the new...

  • LONDON, May 25- Global regulators will soon finalise a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks to try to boost lending to the economy, and threats by the European Union to stop the new...

  • LONDON, May 25- Global regulators will soon finalize a suite of rules to ensure banks hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks in a bid to boost lending to the economy, and threats by the European Union to stop the new rules if they...

  • LONDON, May 25- Global regulators will soon finalise a suite of rules to ensure banks hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks in a bid to boost lending to the economy, and threats by the European Union to stop the new rules if they...

  • HONG KONG, May 25- ChemChina has raised $20 billion in perpetual bonds and preferred shares to finance its acquisition of Swiss seeds maker Syngenta, according to a regulatory filing by the state-owned Chinese company. Bank of China has invested $10 billion via a perpetual bond, making the Chinese lender the single largest financier in the $44 billion deal,...

  • HONG KONG, May 25- ChemChina has raised $20 billion in perpetual bonds and preferred shares to finance its acquisition of Swiss seeds maker Syngenta, according to a regulatory filing by the state-owned Chinese company. Bank of China has invested $10 billion via a perpetual bond, making the Chinese lender the single largest financier in the $44 billion deal,...

  • NEW YORK, May 24- Regulations passed after the financial crisis aimed at reducing risk at systemically important banks and other institutions have made it harder to buy and sell corporate bonds, researchers at the New York Federal Reserve said on Wednesday. In October 2015, New York Fed economists, including Tobias Adrian and Or Shachar, said there appeared to be...

  • WASHINGTON, May 24- A U.S. appeals court appeared sharply divided along partisan lines on Wednesday on whether the structure of the Consumer Financial Protection Bureau is constitutional, tilting slightly toward the regulator in one of two cases that could weigh on the policing of Wall Street. A crowded courtroom at the U.S. Court of Appeals for the District of...

  • A decline in loan demand could signal weakness in the economy but regulators will not know for sure until later in the year, said Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation. James Chessen of the American Bankers Association said industry had expected President Donald Trump might use the tax code to stoke investment but those...

  • SINGAPORE, May 24- China has fined Citic Securities, Haitong Securities and Guosen Securities for breaking brokerage rules as part of Beijing's efforts to clean up its financial services sector. The country's biggest brokerage Citic Securities Co Ltd said in regulatory filings on Wednesday it had been fined 308.3 million yuan and warned by the China...

  • BEIJING, May 23- A top official at China's banking regulator is being investigated for suspected disciplinary violations, the country's top anti-graft body said, broadening the country's anti-corruption drive to include more financial supervisors. Yang's investigation brings the country's banking regulator squarely in the crosshairs of China's...

  • OXFORD, England, May 22- European Union antitrust regulators are to put major financial services firms under the microscope by examining the impact of syndicated loans on credit markets. "The fact that the Commission commissions a study in a specific market does not in any way imply that there is anti-competitive behaviour taking place or that the Commission...

  • OXFORD, England, May 22- European Union antitrust regulators are to put major financial services firms under the microscope by examining the impact of syndicated loans on credit markets. "The fact that the Commission commissions a study in a specific market does not in any way imply that there is anti-competitive behavior taking place or that the Commission...

  • WASHINGTON, May 19- The Federal Reserve announced on Friday that it had imposed a $1.2 million fine on a former Barclays Plc foreign exchange trader, and barred him from the banking industry. The ban on the former trader, Christopher Ashton, had been previously announced in August. In that case, the bank had settled with the New York state financial regulator and...

  • TORONTO, May 19- Canada's main stock index rallied on Friday ahead of the Victoria Day holiday long weekend, propelled in part by gains in banking stocks and oil and gas companies. Home Capital Group Inc, which has been struggling to finance its assets after Canada's biggest securities regulator accused the company of making misleading statements to investors,...

  • TOKYO, May 19- Japan tightened regulations on high-frequency trading this week, passing into law measures that will require HFT firms to register with regulators. The growing presence of HFT on the Tokyo Stock Exchange has raised concerns high-speed trading could destabilize markets and leave retail investors at a disadvantage. HFT accounted for about 70...

  • NYSE has said NYSE American will have a similar model as IEX Group's Investors' Exchange, including a 350- microsecond delay, except it will have electronic market makers with obligations to ease the trading of NYSE American-listed stocks. IEX has a market share of 2.33 percent of U.S. stock trading, while NYSE MKT has a share of 0.19 percent so far this month,...

  • WASHINGTON, May 16- Democrats are striking back at the U.S. Congress and White House over their push to cut regulations, as Republicans ratchet up attacks on rules they say hurt business and give bureaucrats too much power. New Jersey Senator Cory Booker, a Democrat, on Tuesday introduced legislation to kill the Congressional Review Act, a law Republicans used...

  • WASHINGTON, May 16- Democrats are striking back at the regulation-cutting blitz in the U.S. Congress and White House, as Republicans ratchet up attacks on rules they say hurt business and give bureaucrats too much power. New Jersey Senator Cory Booker, a Democrat, on Tuesday will introduce legislation to kill the Congressional Review Act, a law Republicans used...

  • *Riyadh aims to raise around $200 bln via privatisation scheme. DUBAI, May 16- One of the world's largest privatisation programmes is drawing foreign investment banks and private equity firms to Saudi Arabia, despite the prospect of low fees and an uncertain regulatory environment. "We see a lot more opportunities in Saudi Arabia because for the first time the...