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Congress Financial Reform

  • WASHINGTON, April 27- Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states. Currently, the resolutions only require simple majorities to pass both...

  • WASHINGTON, April 27- Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states. Currently, the resolutions only require simple majorities to pass both...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • WASHINGTON, April 24- Wells Fargo& Co has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the U.S. central bank said on Monday. In December, the Fed and Federal Deposit Insurance Corporation notified Wells Fargo that the bank's plan fell short. U.S. taxpayers had to prop up banks that were deemed "too big to...

  • President Donald Trump holds up a signed executive order entitled 'Comprehensive Plan for Reorganizing the Executive Branch' in the Oval Office of the White House in Washington, D.C., March 13, 2017.

    Trump has signed more than two dozen executive orders on issues ranging from border security to government restructuring and financial reform.

  • April 24- Canada's Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found, days after regulators accused the company of making "materially misleading statements" to investors. Shares of Canada's biggest non-bank mortgage lender fell as much as 5.7 percent to C $18.15 in morning trading.

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway, who has been accused by regulators of making "materially misleading statements" to investors, will step down from the board once a replacement is found. The Ontario Securities Commission on Wednesday accused Home Capital, Canada's biggest non-bank mortgage lender, of making "...

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway, who has been accused by regulators of making "materially misleading statements" to investors, will step down from the board once a replacement is found. The Ontario Securities Commission on Wednesday accused Home Capital, Canada's biggest non-bank mortgage lender, of making "...

  • How financial regulation and the French elections could impact the markets

    Financial regulation and the French election are in the spotlight. JPMorgan’s Bruce Kasman weighs in on the two market-moving events.

  • WASHINGTON, April 20- The U.S. Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp and its subsidiaries, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes." Regulators from Wisconsin and more than 20 other state regulators have also issued...

  • *China pushing for Hong Kong listing in return for investment. HONG KONG/ RIYADH/ DUBAI, April 18- China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • April 13- U.S. stocks looked set to open lower on Thursday, following President Donald Trump's remarks on the U.S. dollar and interest rates, while investors assessed bank earnings. The results come after a frenetic rally in bank shares that started in November on bets that President Donald Trump would rein in banking regulations and introduce other business...

  • The banks have also questioned whether the country's Competition Commission can penalise banks which do not have subsidiaries or branches in South Africa, the sources said. The Competition Commission is seeking to impose fines on more than a dozen local and foreign banks that it alleges colluded to coordinate trading in the rand and the U.S. dollar.

  • DUBLIN, April 4- The scope for one European Union centre to undercut another through its interpretation of regulatory rules in a bid to win business after Brexit is limited, Ireland's central bank governor said on Tuesday. Ireland's government last month complained to the European Commission that rival centres were "offering a back door to the EU's single...

  • NEW YORK, March 30- The U.S. Financial Industry Regulatory Authority announced a new rule on Thursday that allows brokers to pause disbursements from client accounts if they suspect a client is suffering from dementia or being influenced by caregivers or scam artists. The rule, which will go into effect in February 2018, will also require brokerages to collect...