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Congress Financial Reform

  • BRASILIA/ SAO PAULO, March 22- Brazil's antitrust watchdog Cade on Wednesday approved BM&FBovespa SA's takeover of rival Cetip SA Mercados Organizados, and will not require any antitrust measures beyond those the exchange and clearinghouse firms proposed themselves. The spike in shares was "mainly due to the approval of the deal with remedies that were not...

  • BRUSSELS- European Central Bank Board Member Benoit Coeure will participate in Eurogroup meeting in Brussels, Belgium. NEW YORK- Chicago Fed President Charles Evans to speak before the New York Association for Business Economics. WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend...

  • BRUSSELS- European Central Bank Board Member Benoit Coeure will participate in Eurogroup meeting in Brussels, Belgium. NEW YORK- Chicago Fed President Charles Evans to speak before the New York Association for Business Economics. WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend...

  • LONDON- Bank of England Chief Economist Andy Haldane gives lecture at London School of Economics- 1820 GMT. NEW YORK- Chicago Fed President Charles Evans to speak before the New York Association for Business Economics. WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers...

  • LONDON- Bank of England Chief Economist Andy Haldane gives lecture at London School of Economics- 1820 GMT. NEW YORK- Chicago Fed President Charles Evans to speak before the New York Association for Business Economics. WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers...

  • WASHINGTON, March 15- The U.S. Consumer Financial Protection Bureau said on Wednesday that it had ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty for failing to report accurate mortgage transaction data from 2012 through 2014.. The agency said the penalty for Nationstar, a unit of Nationstar Mortgage Holdings Inc, was the largest to date...

  • WASHINGTON, March 14- President Donald Trump plans to nominate J. Christopher Giancarlo to lead the Commodity Futures Trading Commission, the regulator tasked with policing the massive over-the-counter derivatives market, the White House said on Tuesday. The nomination comes just one day before Giancarlo is expected to give a major policy address at the...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. Hoenig's proposal would "require large, complex,...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...

  • President Donald Trump holds a National Economic Council listening session with the CEOs of small and community banks, in the Roosevelt Room at the White House on March 9, 2017 in Washington, D.C.

    President Donald Trump promised in a meeting with community bankers to strip away some Dodd-Frank financial regulations.

  • WASHINGTON, March 9- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "...

  • WASHINGTON, March 9- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "...

  • WASHINGTON, March 9- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "...

  • *Etisalat missed payment on $1.2 bln loan. ABUJA/ LAGOS, March 9- Nigeria's telecoms regulator and central bank governor intervened on Thursday to try and help Etisalat Nigeria resolve debt restructuring talks with its lenders, after the company missed a payment on a $1.2 billion loan. The Nigerian Communications Commission said in a statement that it was...

  • LAGOS, March 8- The Nigerian affiliate of Abu Dhabi- listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment, a senior executive told Reuters. Ibrahim Dikko, vice president for regulatory affairs at Etisalat Nigeria, said Etisalat missed payments due to an...

  • GENEVA, March 7- Ford's European credit arm FCE said on Tuesday it was considering applying for a German banking license alongside its current British one, because the future of passporting is uncertain after Britain leaves the European Union. Passporting allows for any financial firm to serve the whole EU region from a single base, cutting costs and red tape.

  • FORD'S CREDIT ARM FCE SAYS CONDUCTING STUDY AND MAY APPLY FOR BANKING LICENSE IN GERMANY IN ADDITION TO CURRENT UK LICENCE DUE TO BREXIT.

  • NEW YORK, March 6- A top U.S. banking regulator is plowing ahead with a plan to grant special banking charters to online lenders and other financial technology companies, despite criticism that the charters would usurp power from states. Thomas Curry, the comptroller of the currency, told an industry conference on Monday that his office plans to publish details...

  • WASHINGTON, March 3- A U.S. Justice Department probe into a phony accounts scandal at Wells Fargo& Co is asking whether executives hid details from the company board and regulators as the problem grew over years, sources familiar with the review said. The Justice Department this week was due to interview federal bank examiners in Charlotte, North Carolina, and ask...