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Congress Financial Reform

  • LONDON, Dec 1- Standard Chartered has hired Barclays' top regulatory lawyer Chris Allen as its new general counsel, client and products, sources with direct knowledge of the matter said on Thursday. Allen will join StanChart on Jan. 16 and oversee legal matters across all the company's main business units including retail banking, investment banking and wealth...

  • ‘No’ vote would be a blow for Italy’s banking system: Pro

    Nicola Borri, economist at LUISS Guido Carli University, says if Italy votes “No” there’s likely to be pressure on the country’s banks,

  • Renzi is absolutely unreliable: 5 Star’s Di Maio

    Luigi Di Maio, a member of the Five Star Movement, says if Italy’s “Yes” vote wins, there’ll be more corruption, more bureaucracy and more institutional chaos.

  • Renzi in the spotlight as referendum looms

    2016 has been a year of surprises at the ballot box and it may not be over quite yet. CNBC’s Julia Chatterley reports from Italy.

  • ‘No’ vote more likely to win in Italy: Economist

    Nicola Borri, economist at LUISS Guido Carli University, says the ‘No’ vote is a vote more against Matteo Renzi, felt by those both on the political left and right.

  • 5 star movement is the leader that can change Italy: Di Maio

    Luigi Di Maio, a member of the Five Star Movement, weighs in on the performance of Italy’s current Prime Minister, Matteo Renzi.

  • Nov 30- U.S. mortgage finance companies Fannie Mae and Freddie Mac ought to be privatized as soon as possible but in a fashion that ensures they do not again threaten the financial system, President-elect Donald Trump's nominee to run the Treasury Department said on Wednesday. Steven Mnuchin, in an interview on Fox Business Network, said restructuring Fannie...

  • WASHINGTON, Nov 29- U.S. banks' net income increased 12.9 percent, up $5.2 billion, in the third quarter as the number of struggling lenders fell, the Federal Deposit Insurance Corp said on Tuesday. The FDIC said the share of unprofitable banks, 4.6 percent, was the lowest since the third quarter of 1997.. The Federal Reserve has kept interest rates low since the 2008...

  • Manulife: Expect Renzi to lose the referendum

    Manulife Asset Management Chief Economist, Megan Greene, says she believes the biggest risk of the Italian referendum will be for the banking sector.

  • Nervousness heats up ahead of Italian referendum

    In the run up to the Italian constitutional referendum, CNBC has spoken with a number of leading bankers on the Italian prime minister’s plans.

  • SYDNEY, Nov 29- Australia's antitrust regulator said on Tuesday it is likely to deny four local banks permission to collectively bargain with Apple Inc in relation to its mobile digital payments system. But the preliminary decision was "finely balanced" and could be reversed if the banks make a convincing case before a final opinion is due in March, Australian...

  • SYDNEY, Nov 29- Three of Australia's four biggest banks will be barred from collectively bargaining with Apple Inc over its mobile digital payments system, under a draft decision released by the antitrust regulator on Tuesday. Allowing banks to collectively offer their own digital wallets in Apple iPhones, in competition with Apple's Apple Pay system, would...

  • SYDNEY, Nov 29- Three of Australia's four biggest banks will be barred from collectively bargaining with Apple Inc in relation to its mobile digital payments system, under a draft decision released by the antitrust regulator on Tuesday. The Australian Competition and Consumer Commission said letting banks collectively offer their own integrated digital...

  • VANCOUVER/ TORONTO, Nov 28- Canada's banking regulator on Monday urged everyone in the country's mortgage industry to support tougher lending rules, warning lenders could face big losses if overheating housing markets turn. Canada's banks and other lenders are facing intense scrutiny of their underwriting practices as authorities try to tackle the...

  • US is our main partner and ally: Italy foreign min

    Italian Foreign Affairs Minister Paolo Gentiloni Silveri takes a look at what a Donald Trump presidency will mean for Europe and Italy.

  • If ‘Yes’ wins Italy will be more stable: Foreign Affairs Minister

    Italian Foreign Affairs Minister, Paolo Gentiloni Silveri, talks about what would happen after the Italian referendum if the public voted “yes” or “no”.

  • No risk of authoritarian regime in Italy: Foreign min

    Italian Foreign Affairs Minister, Paolo Gentiloni Silveri, talks about how the domestic and international media have portrayed the Italian referendum.

  • In any case, Italy won’t be an economic threat: Foreign Min

    Italian Foreign Affairs Minister, Paolo Gentiloni Silveri, tells CNBC he believes the “yes” camp will prevail in the Italian referendum.

  • *Basel regulators to meet in Chile next week. *Europe say rules unfair to banks in their region. LONDON/ PARIS Nov 25- When financial watchdogs gather in Chile next week to finalise global rules on bank capital, transatlantic tensions will overshadow the technical discussions.

  • *Basel regulators to meet in Chile next week. *Europe say rules unfair to banks in their region. LONDON/ PARIS Nov 25- When financial watchdogs gather in Chile next week to finalize global rules on bank capital, transatlantic tensions will overshadow the technical discussions.