Congress Financial Reform

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  • Lawmakers questioned Gruenberg about his knowledge of what the report described as a cover-up by a senior FDIC executive who ordered staff not to disclose the hacks for fear of endangering Gruenberg's confirmation to the chairman's post by the U.S. Senate. It cited an investigation by an internal watchdog of the FDIC, which is a major banking regulator that...

  • FDIC Chairman Martin Gruenberg also said he made personnel changes after receiving a report in 2013 informing him that he had not been fully briefed about the major compromise of the regulator's computers by a foreign government in 2010 and 2011.. Gruenberg made the comments in prepared remarks for a hearing of the U.S. House of Representatives committee...

  • *FDIC computers hacked in 2010, 2011, 2013- congressional report. The report cited an internal FDIC investigation as identifying Beijing as the likely perpetrator of the attacks, which the probe said were covered up to protect the job of FDIC Chairman Martin Gruenberg, who was nominated for his post in 2011.. "The committee's interim report sheds light on the...

  • *FDIC computers hacked in 2010, 2011, 2013- congressional report. The report cited an internal FDIC investigation as identifying Beijing as the likely perpetrator of the attacks, which the probe said were covered up to protect the job of FDIC Chairman Martin Gruenberg, who was nominated for his post in 2011.. "The committee's interim report sheds light on the...

  • JACKSON, Miss.— A Mississippi- based check cashing company fighting legal battles against state and federal regulators said Wednesday that it is closing stores in Alabama and in Louisiana. The company said it is closing stores as it focuses on what it calls unfair and unjustified allegations made by the U.S. Consumer Finance Protection Bureau and the...

  • To win approval, they agreed to sell 13 bank branches in northeastern Ohio, two in Ashtabula county and 11 in Stark County, the department said in a statement. The deal, estimated to be worth about $3.4 billion, must still be approved by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Ohio- based Huntington is in...

  • The case for merging the London and German stock exchanges has strengthened since the Brexit vote, a Bundesbank board member said on Wednesday.

  • FRANKFURT, July 13- London must prepare to lose euro trading and clearing activities once Britain leaves the European Union but the business case for merging the London and German stock exchanges has been strengthened, Bundesbank board member Andreas Dombret said on Wednesday. Indeed, Germany's financial regulator Bafin last month said London could not...

  • NEW YORK, July 12- SolidX Partners Inc, a U.S. technology company that provides blockchain services, on Tuesday filed an application with the Securities and Exchange Commission to launch an exchange-traded product that tracks the price of bitcoin. The ETF product will be called SolidX Bitcoin Trust and will list on the New York Stock Exchange under the ticker...

  • Bennett's civil case has drawn extra attention because the Chevy Chase, Maryland resident chose not to show up at her SEC hearing in January, part of her unusual strategy in challenging the regulator's use of in-house judges in enforcement cases. The SEC had accused Bennett of using her weekly program "Financial Myth Busting with Dawn Bennett" and other media...

  • July 12- Bats Global Markets Inc said on Tuesday it would roll out a policing program for its U.S. equities and options exchanges for better surveillance and investigation of trading activity. Bats Community Policing Program will help facilitate talks between the company's regulatory team and the trading community by creating a forum to share market...

  • Bruno Alves, Ricardo Quaresma, Pepe, Cristiano Ronaldo, Coupe Henri Delaunay, Joao Moutinho, Andre Gomes and Joao Mario celebrate winning the UEFA EURO 2016 final match between Portugal and France at the Stade de France in Paris.

    While Portugal's victory at Euro 2016 was a cause for celebration, its economy is less of a success story according to Barclays.

  • Yellow "Caution" tape is displayed outside of the New York Stock Exchange.

    An author explains his theory for “a common good economy” that rewards sustainable business practices, while penalizing wrongdoers.

  • July 7- London Stock Exchange Group said on Thursday that U.S. and Russian authorities had approved its $27 billion merger with Deutsche Boerse, giving it the first set of regulatory clearances needed to create a European exchange giant. LSEG shareholders and industry experts have also questioned the viability of the deal after Britain's shock vote to leave...

  • Director of the Consumer Financial Protection Bureau, Richard Cordray Director of the Consumer Financial Protection Bureau, Richard Cordray

    Richard Cordray discussed his past five years as director of the CFPB and how he plans to spend his next five.

  • LONDON, July 5- Two British commercial property funds suspended trading within 24 hours, and the financial regulator pointed on Tuesday to the danger to the sector from a sudden swoon caused by Britain's decision to leave the European Union. Aviva Investors, the fund arm of insurer Aviva, suspended trading in its 1.8 billion pound UK Property Trust on Tuesday.

  • NEW YORK, June 30- New York's banking regulator issued new rules on Thursday requiring that banks operating in the state must pass annual resolutions at the boardroom level or have a senior officer verify that internal anti-money laundering and anti-terrorist finance programs meet federal standards. The regulation, which goes into effect Jan. 1, stem from...

  • NEW YORK, June 29- Investors Cameron and Tyler Winklevoss on Wednesday filed to switch the listing of their proposed bitcoin exchange-traded fund to BATS Global Markets from Nasdaq, according to a filing with the Securities and Exchange Commission. The proposed ETF, the Winklevoss Bitcoin Trust, will list 1 million shares at $65 each, according to the filing.

  • NEW YORK/ WASHINGTON, June 29- Nearly all of the largest U.S. banks are on steady enough footing to increase payouts to shareholders, the U.S. The regulatory thumbs up prompted a slew of announcements from banks who plan to buy back more stock or increase dividends- good news for investors who saw their banks shares hammered by Britain's vote last week to leave the...

  • NEW YORK, June 28- A U.S. congressional watchdog said on Tuesday it has formally added three agencies to its investigation into whether government regulators are too soft on the banks they are meant to police. Representatives Maxine Waters and Al Green for it to look into "regulatory capture." Lawrance Evans, director of the GAO's financial markets and community...