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Congress Financial Reform

  • BERLIN, June 23- Adyen, one of Europe's biggest fintech companies, has taken a pan-European banking license that allows it to bypass banks and process cross-border payments directly for its merchant customers, including many of the world's top ecommerce firms. Chief Executive Pieter van der Does said on Friday that his Amsterdam- based company was awarded a...

  • WASHINGTON/ NEW YORK, June 22- The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Wall Street analysts and trade groups quickly cheered the results on Thursday, saying regulators...

  • WASHINGTON/ NEW YORK, June 22- The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Chase& Co and Bank of America Corp, would...

  • WASHINGTON, June 22- U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks' ability to make bets with their own money, needs to be reconsidered. Wall Street banks have fought Volcker vigorously, saying it is overly complicated and hurts market liquidity.

  • BEIJING, June 22- China's recent steps to control financial risks have gained traction as some riskier businesses carried out by banks have been contained, a senior banking regulator said on Thursday. "Implementation of supervisory policies and measures has been steady and orderly, and has produced some positive results," Liu Zhiqing, deputy director general...

  • WASHINGTON, June 21- U.S. financial regulators could ease rules that keep taxpayer-backed banks out of some risky investments, according to testimony released on Wednesday ahead of a Senate hearing. Officials from the Federal Reserve and the Office of the Comptroller of the Currency said they were looking at ways to simplify the Volcker rule, which prevents...

  • The London Interbank Offered Rate began in the 1970 s in London as the rate that U.S. banks would lend to each other, and was used as a reference rate for corporate bank loans. The rate underpins more than $3 trillion in syndicated loans, around $1.5 trillion in commercial mortgages and $1.44 trillion in residential mortgages, and another $2.5 trillion in...

  • The London Interbank Offered Rate began in the 1970 s in London as the rate that U.S. banks would lend to each other, and was used as a reference rate for corporate bank loans. The rate underpins more than $3 trillion in syndicated loans, around $1.5 trillion in commercial mortgages and $1.44 trillion in residential mortgages, and another $2.5 trillion in...

  • TORONTO, June 14- Home Capital Group Inc said on Wednesday it had agreed on a settlement with the Ontario Securities Commission and accepted responsibility for misleading investors about problems with its mortgage underwriting procedures. Canada's biggest non-bank lender said that it would make a payment of C $10 million and reimburse the commission's...

  • TORONTO, June 14- Home Capital Group Inc said on Wednesday it had agreed on a settlement with the Ontario Securities Commission and accepted responsibility for misleading investors about problems with its mortgage underwriting procedures. Canada's biggest non-bank lender said that it would make a payment of C $10 million and reimburse the commission's...

  • TORONTO, June 14- Home Capital Group Inc said on Wednesday it had agreed on a settlement with the Ontario Securities Commission and accepted responsibility for misleading investors about problems with its mortgage underwriting procedures. Canada's biggest non-bank lender said that it would make a payment of C $10 million and reimburse the commission's...

  • TORONTO, June 14- Home Capital Group Inc said on Wednesday it had agreed on a settlement with the Ontario Securities Commission and accepted responsibiity for misleading investors about problems with its mortgage underwriting procedures. Canada's biggest non-bank lender said that it would make a payment of C $10 million and reimburse the commission's...

  • Washington, June 13- Wall Street banks on Tuesday cheered U.S. The Trump administration has said the bulk of its plan for overhauling bank regulation can be done via executive order and through regulators, rather than requiring legislation from Congress. Trump has gradually been nominating heads of financial agencies, but only Treasury Secretary Steven...

  • The nearly 150- page report suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • June 12- The U.S. Treasury Department unveiled a sweeping plan on Monday to upend regulations put in place after the 2008 financial crisis in ways that would reduce the authority of a consumer protection agency and grant Wall Street banks more flexibility in their trading businesses. President Donald Trump has gradually been nominating heads of financial...

  • June 12- Social Finance Inc, the online lender known as SoFi, said on Monday it applied for a new bank charter with the U.S. Federal Deposit Insurance Corp.. The company has applied for an industrial loan bank charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its address. SoFi Bank will operate as an online-only institution, with no...

  • DUBLIN, June 12- Shares in Allied Irish Banks will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros, Ireland's finance ministry said in a statement. The Finance Ministry said the long long-awaited sale of a 25 percent stake in the state-owned lender was still...