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Congress Financial Reform

  • NEW YORK, Jan 10- Exchange operator NYSE, which includes the New York Stock Exchange and is owned by Intercontinental Exchange Inc, will end floor trading on. NYSE MKT, the former American Stock Exchange, or AMEX, was acquired by NYSE predecessor, NYSE Euronext, in 2008 for $260 million to help boost its options, exchange traded funds and cash equities businesses.

  • WASHINGTON Jan 9- A banking regulator on Monday sued Bank of America Corp over $542 million in deposit insurance that it said the second-largest U.S. bank "refuses to pay." Specifically, the FDIC points to "counterparty risk" or the danger that another leading financial firm could fail and cost Bank of America. The FDIC declined to comment.

  • LONDON, Jan 9- A U.S. banking regulator fined HSBC $33 million on Monday for past failings in its administration of some bank accounts, and ended business restrictions it had placed on the lender because of the problem. The Office of the Comptroller of the Currency, which oversees leading national banks, said it assessed the civil penalty against HSBC for failing...

  • LONDON, Jan 9- A U.S. banking regulator fined HSBC $33 million on Monday for past failings in its administration of some bank accounts, and ended business restrictions it had placed on the lender because of the problem. The Office of the Comptroller of the Currency, which oversees the U.S. federal banking system, said it assessed the civil penalty against HSBC for...

  • Jerome Powell, Federal Reserve Governor.

    A push by Washington for more business-friendly regulation and fiscal support could improve America's policy mix, a Fed governor said.

  • CHICAGO, Jan 7- A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America's mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said. "We may be moving more to a more balanced policy with what sounds like more business-friendly regulation and...

  • WASHINGTON, Jan 5- The U.S. Chamber of Commerce on Thursday blasted the Federal Reserve's regulatory work and called on the central bank to scrap a proposal to limit Wall Street's energy bets and commodities investments. Wall Street also could not control power plants and bank holding companies would be prohibited from owning copper under the plan, which was...

  • FRANKFURT, Jan 3- Global banking regulators on Tuesday postponed the approval of long-awaited rules designed to avert a repeat of the financial crisis, after failing to agree on the minimum amount of capital banks must hold. The Basel Committee working on the reform said on Tuesday more work was needed before its proposals could be submitted for approval by its...

  • *Euronext to buy LCH Clearnet SA for 510 mln euros. The European Commission has expressed antitrust concerns about the $28 billion merger and the impact on the clearing of derivatives contracts in particular. The Commission, in a document on the issue, has not made clear if the sale of the French clearing business, LCH Clearnet SA, would be enough to dispel its...

  • FRANKFURT, Jan 3- Global banking regulators on Tuesday postponed the approval of new capital rules designed to avert a repeat of the financial crisis, saying they needed more time to finalize the long-awaited and contentious reform. After failing to strike an agreement in Chile late last year, the Basel Committee said on Tuesday more work was needed before the...

  • Dec 28- New York state's financial regulator on Wednesday issued a revised proposal for the nation's first cyber security rules for banks and insurers, loosening some security requirements and delaying implementation by two months to March 1. The rules from the New York State Department of Financial Services are being closely because they lay out...

  • Dec 28- New York's financial regulator said on Wednesday it was revising proposed cyber security rules for banks and insurers doing business in the state to incorporate industry feedback, delaying implementation by two months to March 1. The rules from the New York State Department of Financial Services are being closely watched by financial services firms...

  • WASHINGTON, Dec 22- Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn refused to speculate on candidates he would recommend to lead the U.S. Securities and Exchanges...

  • WASHINGTON, Dec 22- Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn refused to speculate on candidates he would recommend to lead the U.S. Securities and Exchanges...

  • *Banca Leonardo focusing more on core Italian arm. PARIS, Dec 22- UBS France is to buy the local private banking arm of Italy's Banca Leonardo, the latest instance of consolidation in the private banking industry, which is having to contend with rising regulatory costs and a pressure on fees. UBS France will hold a majority stake in the joint venture and the...

  • Dec 21- New York's financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter said. The regulator, the New York State Department of Financial Services, will publish a revamped version of its cyber security rules in the New...

  • *LSE says sale to Euronext subject to European Commission review. London Stock Exchange Group Plc and Deutsche Boerse said on Tuesday that LSE was in discussions about selling the French subsidiary of LCH.Clearnet to address anti-trust concerns raised by the European Commission in relation to their planned merger. LSE and Deutsche Boerse also hope that...

  • *Less than third of UK corporate rate of 20 pct. LONDON, Dec 17- Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory filings shows. Bank of America's two main UK investment banking...

  • The bank agreed to pay $37 million to settle charges with federal and New York state regulators, and an additional $3.25 million to Financial Industry Regulatory Authority, Wall Street's self-funded regulator. This marks the third joint case against a major bank's dark pool trading platform filed this year by the SEC and New York. The SEC and New York Attorney...

  • *Less than third of UK corporate rate of 20 pct. LONDON, Dec 16- Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory filings shows. Bank of America's two main UK investment banking...