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  • SHANGHAI, Sept 17- China's banking regulators must "leave no stone unturned" rooting out illegal activity, the ruling Communist Party's anti-graft watchdog said on Thursday, intensifying a campaign against graft launched by President Xi Jinping. "In the past half year Huarong, Great Wall, Dongfang, Xinda, four other asset management companies, and China...

  • Sept 14- New York State's Department of Financial Services said it has reached an agreement with Goldman Sachs, Deutsche Bank, Credit Suisse and Bank of New York Mellon on record-keeping for the Symphony messaging system. Many on Wall Street view Symphony Communications LLC as a rival to message systems provided by Bloomberg LP 1/ 8 and Thomson Reuters Corp,...

  • Sept 14- New York State's Department of Financial Services said it has reached an agreement with Goldman Sachs, Deutsche Bank, Credit Suisse, Bank of New York Mellon over record-keeping for their Symphony messaging system. Symphony Communications Services LLC, a messaging and communications start-up, has agreed to retain a copy of the four banks' chat messages...

  • *Japan Post, bank and insurance units to list on Nov. 4. But scepticism abounds over growth prospects for all three companies with both Japan Post Bank and Japan Post Insurance subject to heavy regulation to protect private sector rivals, while mail services are suffering from declining volume in an Internet age. Japan Post Bank will have indicative price of...

  • But skepticism abounds over growth prospects for all three companies with both Japan Post Bank and Japan Post Insurance subject to heavy regulation to protect private sector rivals, while mail services are suffering from declining volume in an Internet age. "I don't imagine managers of active funds will rush to buy shares of Japan Post companies," said a fund...

  • Sept 9- A New York state regulator has sought information from Barclays Plc, Deutsche Bank, Goldman Sachs and Societe Generale on potential manipulation of U.S. Representatives of Barclays, Societe Generale, Deutsche Bank and Goldman Sachs also declined to comment. In July, 22 primary dealers including Bank of America Corp's Merrill Lynch unit, Citigroup Inc,...

  • NEW YORK, Sept 8- Bankrate Inc agreed to pay $15 million to settle U.S. Securities and Exchange Commission charges that three former top finance officials engaged in accounting fraud to inflate results for the second quarter of 2012, the regulator said on Tuesday. Bankrate had revealed the SEC probe last September, when DiMaria's resignation as CFO was...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • SAO PAULO, Aug 25- Brazilian state-controlled bank Caixa Econômica Federal's insurance unit filed on Tuesday for an initial public offering, the first in a wave of offerings anticipated by state firms this year. State-controlled Banco do Brasil SA's investment banking unit is the deal's top undewriter, along with UBS AG. Banco Bradesco BBI, Itaú BBA SA, Grupo...

  • Aug 24- A Charles Schwab Corp unit has agreed to a $2 million civil fine for failing to keep sufficient cash on hand to meet capital requirements on three separate days last year, Wall Street's industry-funded watchdog said on Monday. The regulator also censured the brokerage unit, Charles Schwab& Co., Inc.. The capital deficiencies took place between May 15 and...

  • Pension advance firms cheat retirees -U.S. lawsuit Thursday, 20 Aug 2015 | 3:00 PM ET

    The lawsuit against Pension Funding LLC and Pension Income LLC was brought by the U.S. Consumer Financial Protection Bureau and the New York State Department of Financial Services. It accused the California- base companies and their principals of duping older Americans, mainly through online pitches, from 2011 through last December into redirecting...

  • Lawsuits stemming from the FDIC's role as receiver for Austin- based Guaranty Bank, which had bought more than $2.7 billion of the securities, were filed against Citigroup Inc, Bank of New York Mellon Corp and US Bancorp late Wednesday in Manhattan federal court. The FDIC, whose full name is Federal Deposit Insurance Corp, said the banks failed in their role as bond...

  • Aug 20- Consolidation among U.S. banks, particularly capital-squeezed small- and mid-cap lenders, is set to rise in the next year or two due to persistently low interest rates, RBC banking analyst Gerard Cassidy said. This week, BB&T Corp said it would buy National Penn Bancshares Inc for about $1.8 billion, hot on the heels of regulatory approval for its $2.5...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. Austin, Texas- based Guaranty Bank closed in August 2009, and the FDIC arranged for its deposits to be assumed by BBVA...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. The Federal Deposit Insurance Corp, which sued in its capacity as receiver for Guaranty Bank, said it suffered more...

  • Goldman Sachs's unit obtains Hong Kong banking license Wednesday, 19 Aug 2015 | 5:05 AM ET

    HONG KONG, Aug 19- A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority, the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades. The so-called restricted banking license that Goldman Sachs has obtained allows it to take deposits of...

  • This could spark a market correction in India Thursday, 13 Aug 2015 | 12:43 AM ET
    This could spark a market correction in India

    Sanjeev Prasad, senior executive director & co-head, institutional equities at Kotak Securities, says the political stalemate in India could take a toll on market sentiment.

  • China's surprise currency move is 'historic': Pro Tuesday, 11 Aug 2015 | 7:45 PM ET
    China's surprise currency move is 'historic': Pro

    Christoffer Moltke-Leth, head of sales trading, Asia Pacific at Saxo Capital Markets, says the devaluation of the yuan on Tuesday marks a shift to a more market-based currency policy in China.

  • Where will Greece go from here? Sunday, 19 Jul 2015 | 7:41 PM ET
    Where will Greece go from here?

    Christophe Crombez, consulting professor at The Europe Center of Stanford University's Freeman Spogli Institute for International Studies, discusses Greece's next step.

  • These EU members may not support Greek deal Thursday, 16 Jul 2015 | 7:41 PM ET
    These EU members may not support Greek deal

    Among the European Union members, Germany, Finland and Holland may vote 'No' to Greece's new rescue package, says Charles Ries, Former U.S. Ambassador to Greece from 2004-2007.