GO
Loading...

Enter multiple symbols separated by commas

Congress Financial Reform

More

  • CHICAGO, July 31- CBOE Holdings Inc, operator of the largest U.S. stock options market, reported stronger-than-expected quarterly earnings and revenue on Friday due to increased transaction fees and regulatory fines imposed against customers. The average revenue per contract rose 14 percent to 36.8 cents from a year earlier as clients shifted to more...

  • MADRID, July 30- Spanish bank Santander said on Thursday former U.S. banking regulator Sheila Bair had resigned from its board after being named rector of Washington College in Maryland. Bair, who ran the Federal Deposit Insurance Corporation from 2006 to 2011, was appointed to the board of the euro zone's biggest bank, which is making a big push in the United...

  • NEW YORK, July 30- Exchange operator BATS Global Markets plans to put a rule in place that would allow it to crack down more promptly on manipulative trading behavior on its exchanges. BATS said on Thursday its "Client Suspension Rule," which requires approval from the U.S. Securities and Exchange Commission, would allow the company to halt manipulative conduct...

  • MOSCOW, July 30- Russia's second-largest bank VTB said on Thursday it had completed the placement of around 307 billion roubles of preference shares with the state corporation Deposit Insurance Agency. The share issue is to be included in VTB Bank's core Tier 1 capital following registration of the issue by the central bank, VTB said in a regulatory filing.

  • NEW YORK, July 27- UBS AG's Wealth Management Americas business on Monday said its second-quarter adjusted profits fell as higher litigation and regulatory costs put pressure on the Swiss bank's brokerage division. UBS Wealth Management Americas, which includes what was formerly known as PaineWebber Group, said adjusted pre-tax profit fell to $231 million...

  • Appeals court revives challenge to consumer agency Friday, 24 Jul 2015 | 11:20 AM ET

    WASHINGTON— A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies. Wall Street interests and Republicans in Congress fiercely opposed the agency. Eleven states had joined the lawsuit filed...

  • *Asset managers relieved at no one size fits all. LONDON, July 23- Managers of smaller investment funds in the European Union will be exempt from new curbs on pay in their industry, the bloc's markets watchdog said on Thursday, a move welcomed by investment managers. The European Securities and Markets Authority published proposals on how the curbs could work in...

  • NEW YORK, July 22- New York state's banking regulator, citing use of chat room transcripts to find evidence of wrongdoing, on Wednesday asked Symphony Communications Services LLC, a messaging and communications start-up, for information on the deletion and encryption capabilities of its products. Wall Street-backed Symphony markets instant messaging and...

  • 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...