GO
Loading...

Enter multiple symbols separated by commas

Congress Financial Reform

More

  • April 9- First Tennessee Bank, the regional bank for First Horizon National Corp, said it would pay $212.5 million to settle claims of mortgage lending violations related to the business the company sold in 2008.. First Tennessee has reached an agreement with the U.S. Department of Housing and Urban Development and the U.S. Department of Justice to settle claims...

  • NEW YORK, April 9- A lawyer for Nomura Holdings Inc argued on Thursday that a U.S. regulator relied on "voodoo science" to pursue claims that the bank made false statements in selling $2 billion in mortgage-backed securities to Fannie Mae and Freddie Mac. David Tulchin, Nomura's lawyer, urged a Manhattan federal judge to reject the Federal Housing Finance Agency's...

  • WASHINGTON, April 9- A panel of investor advocates said on Thursday they were developing a proposal for U.S. securities regulators that will make it easier for retail investors to conduct online background checks of financial professionals before hiring them. The Securities and Exchange Commission's Investor Advisory Committee discussed the...

  • India's reforms: Domestic focus is the right focus Thursday, 9 Apr 2015 | 4:30 AM ET
    India's reforms: Domestic focus is the right focus

    Jan Dehn, head of research at Ashmore Investment Management, says the real upside for India is the domestic economy; adding that the real constraints are the lack of reforms and inefficiencies; all of which India's Prime Minister is addressing.

  • SocGen: 10% chance of sustainable deal for Greece Thursday, 9 Apr 2015 | 4:00 AM ET
    SocGen: 10% chance of sustainable deal for Greece

    Anatoli Annenkov, senior European economist at Societe Generale, says that for Greece to pay back all of its loans, there needs to be more progress at the next Eurogroup meeting.

  • HK stock rally is 'bit of a reform premium': Pro Wednesday, 8 Apr 2015 | 11:12 PM ET
    HK stock rally is 'bit of a reform premium': Pro

    Gavin Parry, managing director at Parry International Trading, attributes the rally in the Hang Seng index to the removal of barriers for mainland money managers to buy H-shares last week.

  • The Consumer Financial Protection Bureau has proposed a number of guidelines for the industry, including limiting the number of loans per customer to six per year. U.S. payday lenders extend more than $38 billion in loans annually, according to the Community Financial Services Association of America, an industry body. "The proposed rules are so far-reaching...

  • Greek reforms: The risks ahead Wednesday, 8 Apr 2015 | 11:00 AM ET
    Greek reforms: The risks ahead

    Edmund Shing, global equity portfolio manager at BCS Financial Group, discusses Greece's reform plans and the potential risks ahead.

  • Pawn to cushion payday lenders from regulatory blow Wednesday, 8 Apr 2015 | 9:20 AM ET

    The Consumer Financial Protection Bureau has proposed a number of guidelines for the industry, including limiting the number of loans per customer to six per year. "The proposed rules are so far-reaching that they will basically put the entire small-business portion of this industry out of business," said Phil Frohlich, a portfolio manager at hedge fund...

  • Why more defaults will occur in China Tuesday, 7 Apr 2015 | 9:34 PM ET
    Why more defaults will occur in China

    Mark Mobius, executive chairman of Templeton Emerging Markets Group, discusses news that Cloud Live became the first company to default on corporate bond principal in China.

  • Why Greece really needs tax reforms Tuesday, 7 Apr 2015 | 11:40 AM ET
    Why Greece really needs tax reforms

    Constantine Michalos of the Greek Chamber of Commerce and Industry, discusses the best course of action to boost Greek business.

  • Grexit: Worse for stock market, than bond market Tuesday, 7 Apr 2015 | 4:00 AM ET
    Grexit: Worse for stock market, than bond market

    Discussing the latest developments with Greece, David Owen, chief European economist at Jefferies International, says that if Greece exits the euro zone, it could be worse for the European stock market than the bond market.

  • Morgan Stanley said 62 percent of investors polled at its European financial industry conference said the negatives of having a global banking business outweighed the benefits as regulations had "become overbearing" for the largest firms. "We found it striking that some management teams are seeking to make their businesses simpler, and we believe investors...

  • TOKYO, April 1- A global regulatory review on how to measure default risks on loans and other assets could have a negative impact on bank operations, potentially curbing lending, the new head of Japan's banking industry body said. Proposed changes in how to allocate risk weightings and other risk calculations "could put considerable constraints on financial...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. China said this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate...

  • Greek reforms: What should we expect? Friday, 27 Mar 2015 | 12:00 PM ET
    Greek reforms: What should we expect?

    Holger Schmieding, chief economist at Berenberg, discusses what he expects Greece to say and do in terms of reforms in the coming weeks.

  • March 26- A former LPL Financial LLC broker who borrowed nearly $2.3 million from clients to build a vacation rental property in Hawaii has been permanently barred from the securities industry in a settlement reached with Wall Street's watchdog. Raymond Daniel Schmidt, who was affiliated with the unit of LPL Financial Holdings Inc in Oceanside, California,...

  • But a U.S. regulator cited the email as evidence that Nomura Holdings Inc and RBS made false statements about mortgage securities they sold to Fannie Mae and Freddie Mac. The FHFA's case is the first to reach trial out of 18 lawsuits the regulator filed in 2011 over some $200 billion in mortgage-backed securities that various banks sold Fannie Mae and Freddie...