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Congress Financial Reform

  • SHANGHAI, May 16- China stocks reversed earlier losses to end higher for the fourth straight day on Tuesday, as investors were relieved by central bank efforts to boost liquidity in the financial system even as regulators announced fresh curbs on shadow banking. Late on Monday, China's banking regulator tightened disclosure rules on lenders' wealth...

  • SEOUL, May 16- South Korea's anti-trust regulator fined Deutsche Bank AG and BNP Paribas a total of 176 million won after it found that their branches had colluded during currency forwards auctions. South Korea's Fair Trade Commission said on Tuesday that the two banks had made illegal profits from 2011 April through 2014 November by colluding on prices of...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar," in Brussels, Belgium 1245 GMT. **FRANKFURT- European Central Bank Executive Board Member Benoit...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar", in Brussels, Belgium 1245 GMT. **FRANKFURT- European Central Bank Executive Board Member Benoit...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar", in Brussels, Belgium 1245 GMT. BRUSSELS- EU foreign affairs council meeting.

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar," in Brussels, Belgium 1245 GMT. BRUSSELS- EU foreign affairs council meeting.

  • LONDON, May 12- Global stocks paused near record highs as worries over China's banking system provided an excuse for investors to lock in some profits. China's banking regulator this week launched emergency risk assessments of lenders' new business practices, sources told Reuters, as Beijing extends its crackdown on shadow banking. With corporate earnings...

  • SHANGHAI, May 12- China's banking regulator this week launched emergency risk assessments of lenders' new business practices, sources told Reuters, as Beijing deepens its crackdown on shadow banking. Guo Shuqing, the newly-installed chairman of the China Banking Regulatory Commission, has vowed to clean up "chaos" in the country's banking system.

  • SHANGHAI, May 12- China's banking regulator this week launched emergency risk assessments of lenders' new business practices, according to sources with direct knowledge of the matter. The China Banking Regulatory Commission's investigation will include lenders' issuance of interbank negotiable certificate of deposits, their bond investments and their...

  • LONDON, May 11- Britain's markets watchdog said it will review how retail banks make money, echoing a probe last year by the country's competition agency which left lawmakers angry that too little was being done to reform a sector dominated by a handful of lenders. The Financial Conduct Authority said it was reviewing business models of high street banks,...

  • DUBAI, May 11- JPMorgan will increase the number of bankers it has in Saudi Arabia to around 80 by the end of the year to capitalise on the increase in equity market activity and mergers and acquisitions in the kingdom, a senior executive said. Saudi Arabia has unveiled about $200 billion of privatisation of state-owned companies over the next few years, selling...

  • WASHINGTON, May 10- Fannie Mae and Freddie Mac may have to retain billions of dollars in profits rather than turn them over to the U.S. Having Fannie and Freddie tap taxpayers for more financial support "could stifle liquidity in the mortgage-backed securities market and could increase the cost of mortgage credit for borrowers," Watt said in prepared testimony...

  • *China's HNA now Deutsche Bank's largest shareholder. FRANKFURT, May 9- China is welcome to invest in German financial firms, Germany's top market watchdog said after Chinese conglomerate HNA Group raised its stake in Deutsche Bank. An acquisition spree by HNA reflects a broader Chinese push into financial services as Beijing encourages its corporate sector...

  • SHANGHAI, May 9- China's securities watchdog has launched a nation-wide inspection on brokerages' asset management business, sources said on Tuesday, the latest move in China's regulatory crackdown of risky investments and shadow banking. Brokerages, along with trust firms and fund houses, have been used by banks as a channel to guide deposits into risky...

  • May 8- In regulation and in business, our decades-long obsession with rules-based systems is a failure. Wrong conduct led to more than $140 billion of fines, so far, paid out by banks for the mis-selling of U.S. mortgages and nearly $40 billion in payouts by UK banks over rip-offs like Payment Protection Insurance. Warren Buffett, a Wells Fargo shareholder, gets the...

  • France needs to have sound public finances: EU’s Moscovici

    European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici weighs in on whether he believes reforms in France will take place under Macron.

  • *Hearing adjourned until June 2. The Ontario Securities Commission has accused Home Capital of hiding fraudulent mortgage broker activity from shareholders for months and the allegations have already contributed to Canada's largest non-bank lender suffering a share-price nosedive and run on deposits, prompting it to secure C $2 billion emergency...

  • *Hearing adjourned until June 2. The Ontario Securities Commission has accused Home Capital of hiding fraudulent mortgage broker activity from shareholders for months and the allegations have already contributed to Canada's largest non-bank lender suffering a share-price nosedive and run on deposits, prompting it to secure C $2 billion emergency...

  • Keith Noreika, a partner at law firm Simpson Thacher& Bartlett LLP, will be first deputy comptroller at the Office of the Comptroller of the Currency and will run the OCC on an interim basis when Comptroller Thomas Curry leaves on May 5, Treasury Secretary Steven Mnuchin said in a statement. That appointment requires Senate confirmation and analysts said they...

  • May 3- Credit Suisse Group AG paid $400 million to settle claims that the Swiss bank sold toxic mortgage securities that contributed to the demise of three federal credit unions, a U.S. regulator said on Wednesday. The National Credit Union Administration said the settlement resolves the 19th of 20 lawsuits it filed in the last six years against banks over their...