DENVER— The marijuana industry is hoping a federal judge will force regulators to let pot businesses access the banking system by setting up its own credit union. A pair of recently filed lawsuits in Denver challenge recent decisions by the U.S. Federal Reserve and the National Credit Union Administration to deny applications from the Fourth Corner Credit...» Read More
Italian Prime Minister Matteo Renzi's labour reforms are a "step in the right direction", according to Anatoli Annenkov, senior European economist at Societe Generale, who argues that much more is needed, nevertheless.
Continued reform and measures to encourage banks to lend in Europe would be better than outright sovereign quantitative easing says Paras Anand, head of European equities at Fidelity Worldwide Investment.
The European Central Bank will fulfil its mandate in the next weeks, says Emmanuel Macron, French economy minister, adding that France will put forth further reforms to parliament.
A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.
Repeated scandals at banks' trading desks show the sector's compensation must be regulated to stop encouraging misconduct, BOE Gov. Mark Carney said.
Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.
Treasury is proposing a new regulation to make the financial system more transparent, says Undersecretary David Cohen.
Key Wall Street executives called for reform to some trading fees that could be causing market distortions and increased use of dark pools.
The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.
Seijiro Takeshita, director at Mizuho International, comments on Shinzo Abe's new measures and says their benefits won't be felt until next year at the earliest.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
Sallie Mae has reached a $60 million settlement with the government to resolve allegations that it overcharged military service members.
Regulations on big banks have created a vacuum into which alert entrepreneurs have established commanding positions, says bank analyst Dick Bove.
China's banking regulator has urged authorities and banks to step up an investigation into iron ore financing deals to minimize default risks.
The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday.
John Woods, MD, Head of Fixed Income & Senior Portfolio Manager at Citi Investment Management, discusses the likelihood of India seeing economic reforms post-election.
Caterpillar is under scrutiny for its tax strategies as the Senate will be taking a closer look at its tax structures today, reports CNBC's Hampton Pearson.
Diana Choyleva, director and head of the U.K. service at Lombard Street Research, says the implementation of necessary financial sector reforms in China will be "unpleasant and very difficult" and lead to "below-trend growth."
Jeffrey LeSage, KPMG vice chairman of U.S. tax practices, discusses tax reform and the key concerns facing business leaders. The likelihood of getting any kind of tax reform from Washington is "pretty small," says Lesage.
Simon Maughan, head of research at OTAS Technologies, comments on regulators relaxing Basel debt rules.