GO
Loading...

Enter multiple symbols separated by commas

Congress Financial Reform

More

  • UPDATE 2-Citi to shut Banamex USA, pay $140 mln fine Wednesday, 22 Jul 2015 | 3:56 PM ET

    July 22- Citigroup Inc said it would shut its Banamex USA operations and pay $140 million to regulators who alleged the bank did not correct weaknesses they had found in 2012 in its anti-money laundering programs. California- based Banamex USA is an affiliate of Banco Nacional de Mexico, which Citigroup bought in August 2001. The payment, the largest by a bank to...

  • NEW YORK, July 22- New York state's banking regulator sent a letter to Symphony Communications Services LLC on Wednesday requesting information on the Wall Street- backed messaging and communications startup's document retention features. The agency also said it would require banks it regulates, including Goldman Sachs Group Inc, Credit Suisse, Bank of New...

  • NEW YORK, July 22- New York state's banking regulator sent a letter to Symphony Communications Services LLC on Wednesday requesting information on instant messaging and other communications tools it says Goldman Sachs and other banks are likely to begin using.

  • July 22- Citigroup said it would shut banking operations at Banamex USA and that the unit was fined $140 million by U.S. regulators over weaknesses in its anti-money laundering programs. Banamex USA, a unit of the Citi's Mexican bank, has about 300 employees in three branches in California and Texas. Citi said Banamex USA planned to close its Houston and San...

  • WASHINGTON, July 22- The banking arm of Discover Financial Services agreed to pay $18.5 million in consumer refunds and penalties on Wednesday to settle allegations of illegal practices tied to its student loan servicing business, a U.S. regulator said. The Consumer Financial Protection Bureau said that Discover Bank overstated the minimum amounts due on...

  • WASHINGTON, July 21- The U.S. Office of the Comptroller of the Currency on Tuesday said it had granted conditional approval to merge Cit Bank into OneWest Bank into a combined bank named CIT Bank. U.S. small-business lender CIT Bank said last year it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable...

  • WASHINGTON, July 21- The U.S. Office of the Comptroller of the Currency on Tuesday said it had granted conditional approval to merge Cit Bank into OneWest Bank into a combined bank named CIT Bank. U.S. small-business lender CIT Bank said last year it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable...

  • Where will Greece go from here? Sunday, 19 Jul 2015 | 7:41 PM ET
    Where will Greece go from here?

    Christophe Crombez, consulting professor at The Europe Center of Stanford University's Freeman Spogli Institute for International Studies, discusses Greece's next step.

  • July 17- Bahamas Prime Minister Perry Christie plans to take control of an unfinished $3.5 billion mega resort, currently tied up in a corporate bankruptcy process, and push it through to completion to help bolster his country's fragile economy. Talks this week in Beijing between the project's main lender, China's export import bank, and the developer, Sarkis...

  • UPDATE 3-Head of UK financial watchdog quits early Friday, 17 Jul 2015 | 10:12 AM ET

    *Martin Wheatley had been due to step down in March 2016. LONDON, July 17- The head of Britain's financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the matter said Martin Wheatley, viewed as a hardliner in regulatory terms, had...

  • These EU members may not support Greek deal Thursday, 16 Jul 2015 | 7:41 PM ET
    These EU members may not support Greek deal

    Among the European Union members, Germany, Finland and Holland may vote 'No' to Greece's new rescue package, says Charles Ries, Former U.S. Ambassador to Greece from 2004-2007.

  • NEW YORK, July 16- The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis. Stefanie Johnson, an FHFA spokeswoman, said its hiring of private law firms "has been a...

  • After intervention, Can Chinese reforms get back on track? Wednesday, 15 Jul 2015 | 10:31 PM ET
    After intervention, Can Chinese reforms get back on track?

    Neo Teng Hwee, MD, CIO & Head of Investment Products & Advisory at UOB Private Bank, says Beijing's recent intervention is at odds with its structural reforms.

  • BRASILIA, July 15- Brazil's investigation of an alleged currency cartel formed by 15 of the world's largest banks could expand to more financial institutions but it is unlikely to result in trading bans, the head of antitrust watchdog Cade told Reuters on Wednesday. Vinicius Carvalho, making his first public comments on the investigation, said the case was...

  • What to expect from China's data deluge Tuesday, 14 Jul 2015 | 9:32 PM ET
    What to expect from China's data deluge

    Jian Chang, Chief China Economist at Barclays, is anticipating an upside surprise for June industrial output.

  • How China stocks impact economic growth Tuesday, 14 Jul 2015 | 6:48 PM ET
    How China stocks impact economic growth

    Julian Evans-Pritchard, China Economist at Capital Economics, explains the relationship between a falling stock market and economic growth.

  • Euro: Should you be bullish or bearish? Tuesday, 14 Jul 2015 | 6:20 PM ET
    Euro: Should you be bullish or bearish?

    Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.

  • The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination. American Honda Finance Corporation said in a statement that it opposed discrimination. According to the complaint, Honda charged thousands of...

  • What happens to the euro after Greece deal? Monday, 13 Jul 2015 | 10:45 PM ET
    What happens to the euro after Greece deal?

    Jonathan Cavenagh, Senior FX Strategist at Westpac, says the euro could hit 1.05 or 1.06 per dollar over the next two to three months.

  • Despite 'agreekment,' Athens is still in trouble Monday, 13 Jul 2015 | 10:31 PM ET
    Despite 'agreekment,' Athens is still in trouble

    John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.