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  • DIARY-Top Economic Events to Feb 18 Friday, 5 Feb 2016 | 7:01 PM ET

    MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • Toyota Credit settles US discrimination allegations Tuesday, 2 Feb 2016 | 5:43 PM ET

    DETROIT— Toyota Motor Credit Corp. will pay $21.9 million to black and Asian borrowers as part of a settlement over alleged discriminatory lending. The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday. Ally Financial and Honda's U.S. finance arm have reached similar settlements.

  • The settlement resolves lawsuits the U.S. regulator filed as receiver for the three failed banks against Morgan Stanley and other defendants over what the FDIC said were misrepresentations in the offering documents for the mortgage-backed securities. The latest settlement followed an earlier FDIC accord last year in which Morgan Stanley agreed to pay...

  • NEW YORK, Feb 2- Morgan Stanley has agreed to pay $62.95 million to resolve claims over the sale of toxic mortgage-backed securities to three banks that later failed, the Federal Deposit Insurance Corp said on Tuesday. The settlement resolves lawsuits the U.S. regulator filed as receiver for the three failed banks against Morgan Stanley and other defendants...

  • HONG KONG, Feb 2- Hong Kong's securities regulator said on Tuesday Goldman Sachs failed to follow sections of the city's takeovers code when it acted as financial adviser for Wing Hang Bank Ltd in a $5 billion offer for the Hong Kong lender in 2014.. Goldman's "conduct fell far short of the standards expected" as the New York- based firm did not comply with...

  • BEIJING, Feb 1- China's foreign exchange regulator said it has not asked institutions to defer the launch of new products under the Qualified Domestic Institutional Investor program, according to a post on its official microblog on Monday. The statement follows a report by financial magazine Caixin on Saturday that quoted unidentified sources from fund...

  • The New York Department of Financial Services extended the deadline to March 31 from Feb. 1 on Wednesday to get more public input, a spokesman said on Thursday. Under the draft regulations, unveiled by New York Governor Andrew Cuomo in December, compliance officers could face criminal penalties for filing incorrect or false certifications about the...

  • LONDON, Jan 28- Britain's banking regulators will investigate whether certain former senior managers at HBOS, the bank which collapsed in 2008, should be banned from holding office in the financial sector, they said on Thursday. "These investigations will determine whether or not any prohibition proceedings should be commenced against them," the Bank of...

  • Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case Wednesday, 27 Jan 2016 | 3:59 PM ET

    The SEC sued Mudd, who ran Fannie Mae from 2005 until the seizure, and two colleagues in December 2011, on the same day it filed a similar lawsuit against former Freddie Mac Chief Executive Richard Syron and two of his colleagues. Richard Hong, an SEC lawyer, urged Crotty to let Mudd's case go to trial, saying Mudd knew Fannie Mae was using an overly narrow definition of...

  • DUBLIN, Jan 27- Andrew Bailey, the incoming head of Britain's Financial Conduct Authority, promised on Wednesday to listen carefully to the industry when he starts later this year as the regulatory tone towards banks softens. Bailey, a deputy governor at the Bank of England where he heads its Prudential Regulation Authority banking supervision department,...

  • BoE's Bailey wants clarity from fund managers on assets Wednesday, 27 Jan 2016 | 4:40 AM ET

    LONDON, Jan 27- Fund managers must give investors clarity on the quality of assets they hold and how these are likely to behave in stressed markets, Bank of England Deputy Governor Andrew Bailey said on Wednesday. Bailey, who heads the BoE's Prudential Regulation Authority, which supervises banks, said shrinkage in banking balance sheets and corresponding...

  • LONDON, Jan 26- Britain has chosen Andrew Bailey, a Bank of England deputy governor, to lead its financial industry watchdog and strike a balance between restoring confidence in banks and asserting the independence of the embattled regulator. Bailey's appointment as chief executive of the Financial Conduct Authority followed a worldwide search to replace...

  • LONDON, Jan 26- Andrew Bailey, a deputy governor at the Bank of England, will be the new chief executive of the Britain's top financial markets regulator which has been embroiled in political wrangling, Britain's finance ministry said on Tuesday. Its former CEO Martin Wheatley, who took a tough approach to overseeing bankers, was ousted by finance minister George...

  • Jan 21- New York Governor Andrew Cuomo tapped Maria Vullo, a lawyer who represented banks and donated to Cuomo's campaigns, as the state's top financial regulator, his office said on Thursday. Vullo's nomination as superintendent of the New York State Department of Financial Services comes eight months after former superintendent Benjamin Lawsky left the...

  • We are doing our homework: Italy fin min Friday, 22 Jan 2016 | 7:00 AM ET
    We are doing our homework: Italy fin min

    Pier Carlo Padoan, minister of economy and finance for Italy, says reforms in his country are beginning to bear fruit and improve the jobs market and will soon announce new reforms to the banking system.

  • Jan 21- New York Governor Andrew Cuomo tapped Maria Vullo, a lawyer who represented banks and donated to Cuomo's campaigns, as the state's top financial regulator, his office said on Thursday. Vullo's nomination as superintendent of the New York State Department of Financial Services comes eight months after former superintendent Benjamin Lawsky left the...

  • Recovery needs to be supported with reforms Thursday, 21 Jan 2016 | 8:40 AM ET
    Recovery needs to be supported with reforms

    ECB president, Mario Draghi, calls for structural reforms to boost productivity, reduce unemployment and create sustainable economic growth.

  • European banks are more cautious with some, including Deutsche Bank, remembering past fines from regulators for breaking sanctions, though Commerzbank said it was reviewing its policy of not doing business in Iran. Non-U.S. banks may trade with Iran without fear of punishment in the United States but U.S. banks may not do so, directly or indirectly.

  • HONG KONG, Jan 19- Postal Savings Bank of China has invited investment banks to pitch for a Hong Kong IPO worth up to $15 billion, a person familiar with the matter said, setting the ball rolling for what is likely to be the world's biggest listing this year. Despite volatile China share markets, state-owned PSBC has just raised $7 billion from a group of investors...

  • A letter on Tuesday from Representative Maxine Waters, the top Democrat on the House Financial Services Committee, and fellow committee members Michael Capuano, Emanuel Cleaver and Keith Ellison called on the Justice Department and the Consumer Financial Protection Bureau to "pursue appropriate corrective action" against Clayton. It followed a report...