GO
Loading...

Enter multiple symbols separated by commas

Congress Financial Reform

More

  • Are we edging closer to a Greek deal? Friday, 10 Jul 2015 | 12:09 AM ET
    Are we edging closer to a Greek deal?

    For the first time, Greece submitted a proposal that is close to creditors' expectations, says Eric Robertsen, head of global macro strategy at Standard Chartered Bank.

  • SYDNEY, July 9- Australian financial services firm AMP Ltd on Thursday said Chinese regulators contributed to the panic sell-off in mainland equities when they rolled out a series of measures to calm market sentiment. The firm's AMP Capital China Growth Fund, the biggest Australian fund that invests exclusively in China shares, has seen its market value...

  • SYDNEY, July 9- Australian financial services firm AMP Ltd on Thursday criticised Chinese regulators for contributing to the panic sell-off in mainland equities, the first time a foreign investor has publicly censured Beijing's intervention in its markets as counter-productive. The firm's AMP Capital China Growth Fund, the biggest Australian fund that...

  • Tracking the repercussions of China selloff Thursday, 9 Jul 2015 | 12:10 AM ET
    Tracking the repercussions of China selloff

    Jing Ulrich, MD & Vice Chairman of Asia Pacific at JP Morgan, says it is crucial to monitor if the market selloff has affected the real economy as well as the pace of reform.

  • BEIJING, July 8- China Securities Finance Corp has provided 260 billion yuan in credit lines to 21 brokerages to help them buy stocks via proprietary trading, the country's securities regulator said on Wednesday.

  • HONG KONG, July 7- China's move to curb initial public offerings to contain a stock market meltdown could endanger nearly $32 billion worth of deals announced this year by Chinese companies planning to drop their listings on U.S. exchanges and return home. China's securities regulator said at the weekend there would be "no new IPOs in the near-term" and the number...

  • WASHINGTON, July 6- The largest Wall Street banks on Monday published detailed manuals of how to shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators. "Our would effectively resolve the firm within a reasonable timeframe, without systemic disruption, without extraordinary...

  • CHICAGO, July 6- A few dozen Chicago traders donned their multicolored jackets to trade soybean and Eurodollar futures the old-fashioned way one last time on Monday, marking the end of 167 years of open-outcry trading in the city where it was born. Barring a last-minute delay by U.S. regulators, CME Group Inc will end most of its open-outcry futures operations in...

  • BEIJING, July 5- China's securities regulator said on Sunday China's central bank will provide liquidity support to China Securities Finance Corp, the state-backed margin finance company, through various channels.

  • Government Accountability Office identified the issue as one of several that banking regulators need to address as cyber security threats become more prevalent and sophisticated. For example, the names, addresses, phone numbers and email addresses of some 83 million household and small business account holders were exposed last year when computer...

  • China approves 2 IPOs amid volatile stock market Wednesday, 1 Jul 2015 | 6:28 AM ET

    BEIJING, July 1- China's stock regulator said on Wednesday it has approved initial public offering plans by mid-sized lender Bank of Jiangsu Co Ltd and Zhoushan Port Co..

  • The report by the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of world leaders each January, says major disruptions are in store for many once highly profitable financial services businesses. Exemplifying the trend, UK regulators last week granted a banking license to Atom, a "branch-free, paper-free" institution...

  • June 26- Digicel Group Ltd, which offers communications services in the Caribbean and South Pacific regions, filed with U.S. regulators on Friday to raise up to $200 million in an initial public offering of Class A common stock. J.P. Morgan, UBS Investment Bank and Citigroup were among the underwriters for the IPO, the company told the U. S Securities and Exchange...

  • CHICAGO, June 25- U.S. regulators will likely allow CME Group Inc to close most of its open outcry futures pits as planned next month, despite last-minute calls from a handful of traders and brokers for an extended review, industry lawyers said on Thursday. "This controversy is best addressed during an open comment period in which all interested parties can...

  • LONDON, June 25- A leading banking lobby group has submitted 90 proposals to regulators to improve consistency in how banks assess the riskiness of their loans, which is building into one of the biggest concerns among industry supervisors. So-called' risk weightings' are applied to banks' assets, which should reflect how risky the asset is and determine how much...

  • LONDON, June 23- Top bankers in Britain could have their bonuses clawed back a decade after they were awarded under proposals from regulators on Tuesday that would make industry pay curbs the toughest in the world. For chief executives and chairmen, a bonus could be clawed back for up to 10 years if misconduct is uncovered, the Bank of England's Prudential...

  • TOKYO, June 23- Lawmakers from Japan's ruling Liberal Democratic Party have proposed tripling deposit limits on Japan Post's banking unit to 30 million yen per account, as the state-owned group prepares to go public later this year. Similarly, even Japan Post President Taizo Nishimuro is skeptical, people familiar with the matter said, as the bank struggles to...

  • George Osborne ready to sell off RBS at a loss Wednesday, 10 Jun 2015 | 4:00 PM ET

    George Osborne aims to start selling the state's £32 billion stake in Royal Bank of Scotland at a loss.

  • U.S. consumer watchdog widens oversight on auto financing Wednesday, 10 Jun 2015 | 3:53 PM ET

    WASHINGTON, June 10- The top U.S. consumer protection regulator is expanding its oversight to include large non-bank auto financing companies. A new rule issued on Wednesday by the Consumer Financial Protection Bureau means that companies such as Ford and Toyota which operate lending arms that make, acquire or refinance 10,000 or more loans or leases per year...

  • REUTERS SUMMIT-Regulators close in on bond-markup rules Wednesday, 10 Jun 2015 | 3:34 PM ET

    NEW YORK, June 10- U.S. securities industry regulators are close to proposing final rules requiring brokerage firms and bond dealers to disclose how much they mark up the price of most bonds they sell to retail customers. The controversial rules, proposed in November by the Financial Industry Regulatory Authority and the Municipal Securities Rulemaking...