Congress Financial Reform

  • Room for a different type of fiscal police in Greece: Opposition

    Kyriakos Mitsotakis, president of the Greek New Democracy opposition party, says that the current government is "pretending to implement real reforms."

  • FRANKFURT, Sept 29- Britain will have no choice but to stick with European Union banking laws when it leaves the bloc to avoid blowing a "huge hole" in its regulatory system, a financial industry lobbyist said on Thursday. This would blow a huge hole in Britain's regulatory system, "Bishop, who sits on the executive committee of the Financial Services Negotiation...

  • WASHINGTON, Sept 28- Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest.

  • BRUSSELS— The European Commission has launched a probe into the planned merger of Germany's Deutsche Boerse AG and the London Stock Exchange Group over concerns the move could stifle competition. The merger would combine the stock exchanges of Britain, Germany and Italy as well as several big clearing houses, creating Europe's largest exchange operator.

  • Vietnam Investors

    Vietnam's new government is pushing for a privatization program and raising the foreign ownership limits for Vinamilk, says CIMB's Michael Kokalari.

  • NEW YORK, Sept 27- A former Goldman Sachs Group Inc managing director and the bank have settled dueling lawsuits over his claim for legal fees stemming from probes into his alleged use of confidential U.S. Jiampietro had sued Goldman in July to force it to cover his legal expenses, then estimated at $450,000, for probes the Fed and the Financial Industry...

  • Kwangson Banking Corp. was ordered closed under U.N. sanctions imposed in March in response to the North's nuclear tests but kept operating in secret in the border city of Dandong, Joongang Daily reported, citing unidentified sources. China's Foreign Ministry and its bank regulator did not respond to requests for comment. Beijing has long been North Korea's...

  • LONDON, Sept 23- Britain's HSBC is seeking to release billions of dollars of capital tied up in the United States without upsetting the country's politicians and regulators, senior sources at the bank said. HSBC, which has been in the sights of U.S. regulators over breaching anti-money laundering rules, has more than $20 billion of capital in the United States...

  • NEW YORK, Sept 20- The U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion- a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank, Morgan Stanley and five other large banks that have yet to settle. District Judge Lorna Schofield in Manhattan dismissed antitrust claims in a...

  • NEW YORK, Sept 20- The U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion- a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank, Morgan Stanley, and five other large banks that have yet to settle. District Judge Lorna Schofield in Manhattan dismissed antitrust claims...

  • NEW YORK— U.S. stocks inched higher Tuesday in another cautious day of trading as investors kept an eye on central banks in the U.S. and Japan. Drug companies helped health care stocks make some modest gains, while Exxon Mobil fell on reports it's being investigated by securities regulators. Bond yields slipped and the dollar was little changed as investors...

  • *PSBC's marketed valuation was far above Hong Kong- listed rivals. HONG KONG, Sept 20- State-owned Postal Savings Bank of China is set to price its Hong Kong initial public offering near the bottom of expectations on tepid demand- although at around $7.6 billion, the deal is still set to be the world's largest in two years. China's biggest lender by number of branches...

  • WASHINGTON, Sept 15- The U.S. watchdog for consumer finance scored a major victory last week when it was part of the government group that forced Wells Fargo& Co into a $190 million settlement of fraud charges, but the Consumer Financial Protection Bureau still faces an ugly fight to justify its own existence. The CFPB could lose its first battle as early as Friday,...

  • US lifting of sanctions was surprising: Academic

    The challenge will be how to manage the Myanmar enterprises that are connected to the military regime, says Macquarie University's Sean Turnell.

  • JERUSALEM, Sept 14- Israeli banks will be able to increase dividends and boost credit to large companies next year after raising their capital levels to meet regulatory demands, Israel's banking regulator said on Wednesday. Hedva Ber, Israel's supervisor of banks, said the sector had changed in recent years, with credit to more risky large firms down 22 percent...

  • LONDON, Sept 14- The UK markets regulator is seeking to ban a former Barclays executive from holding senior roles in the UK financial services industry, alleging he recklessly made misleading statements about a 2012 report into the culture of a bank unit. Tinney, who left Barclays in 2013, is contesting the FCA decision and has referred it to the Upper Tribunal, a...

  • LONDON, Sept 14- A former Barclays executive has been banned from holding senior positions in the UK financial services industry for misconduct, the Financial Services Authority said on Wednesday. Andrew Tinney, the former chief operating officer of Barclays' wealth and investment management division who left the bank in 2013, is contesting the FCA decision...

  • LONDON, Sept 13- The world's top bank regulators on Tuesday defended reforms they plan to finalize this year, saying the aim was not to raise capital levels but rather to make lenders use similar yardsticks to assess risk. The Basel Committee made up of regulators from nearly 30 countries has come under intense pressure from the banking industry and European...

  • LONDON, Sept 13- The world's top bank regulators on Tuesday defended reforms they plan to finalise this year, saying the aim was not to raise capital levels but rather to make lenders use similar yardsticks to assess risk. The Basel Committee made up of regulators from nearly 30 countries has come under intense pressure from the banking industry and European...

  • Structural reforms do get the results: Italy's FinMin

    Italy's finance minister Pier Carlo Padoan talks about how best to implement financial and structural reforms.