Congress Financial Reform

More

  • MOSCOW, April 4- Russia's Economy Ministry said on Monday it had chosen three domestic investment banks to organize the privatization of large state companies this year.

  • MOSCOW, April 4- Russia's Economy Ministry said on Monday it had chosen three domestic investment banks to organise the privatisation of large state companies this year.

  • On Monday, he will host a symposium at his bank in downtown Minneapolis entitled "Ending Too Big To Fail," giving fierce critics of Wall Street's behemoths a platform to present their views. Becoming the Fed's bad cop is the latest ambitious move in a high-flying career that has taken Kashkari from Goldman Sachs Group Inc, to the Treasury Department at the height of...

  • Fintech coming for banking jobs?

    CNBC's Mike Santoli looks that the rise of financial technologies and the the potential threat to banking jobs in the near future.

  • The banking 'tipping point'

    Henry Blodget, CEO and Editor-in-Chief of Business Insider, discusses a report from Citi about an "Uber moment" coming for banks that could lead to more than 1 million job losses in the next decade.

  • March 30- State Street Corp said it would buy General Electric Co's asset management business for up to $485 million as the industrial conglomerate winds down its financing arm to reduce regulatory burden. GE has been disposing assets off GE Capital, a $200 billion financing business, as it seeks to return to its industrial roots. State Street had $28 trillion in...

  • SHANGHAI, March 29- Britain's finance regulator may ramp up financial crime inspections at the London branches of two of China's biggest banks, with a focus on money laundering and anti-corruption, the Chinese magazine Caixin quoted unidentified sources as saying. China's banks have been dogged by allegations of lax compliance and money laundering in their...

  • BEIJING, March 28- China's banking regulator has tightened up its scrutiny of the country's distressed asset managers, in a bid to crack down on improper bad debt transactions with commercial banks, an internal document reviewed by Reuters shows. China's asset management companies are prohibited from signing with banks any private agreements, including...

  • LONDON, March 24- An engineered slowdown in European Union financial rulemaking has turned into outright stalling in parts, holding back reforms to boost growth and leaving banks unclear over future business models. "It's superfluous," said Wim Mijs, chief executive of the European Banking Federation. The Association of Financial Markets in Europe, which...

  • China has enough policy tools to ensure a stable economic performance, Premier Li Keqiang said at a forum in Hainan.

  • WASHINGTON, March 21- A regulator for the U.S. financial services industry on Monday said it was examining liquidity and redemption risks from asset managers and will provide an update on its findings in the next few months. During a conference call of the Financial Stability Oversight Council, officials discussed "potential risks to U.S. financial stability...

  • SHANGHAI, March 21- China's banking regulator has urged lenders not to pay out extraordinary dividends and limit their local government debt exposure, two people with direct knowledge of the matter told Reuters on Monday. China's lenders are facing increasing bad loans and credit risks as a government campaign to reduce capacity weighs on the manufacturing...

  • PORT LOUIS, March 18- The Mauritius central bank said it has issued a banking license to Bank of China, the first Chinese bank licensed to operate on the Indian Ocean island. Zhang Xiaoqing, who is leading a team setting up the Mauritius unit, said Bank of China wanted to provide financial services to African businesses and serve multinationals and others doing...

  • March 17- An online company that sells customer information to businesses making payday loans has agreed to pay a $1 million penalty and stop generating such leads in New York, the state's financial regulator said on Thursday. Blue Global LLC in Scottsdale, Arizona, and its chief executive officer, Chris Kay, agreed to the measures in a settlement with the New York...

  • March 17- An online company that sells leads for payday loans has agreed to pay a $1 million penalty and stop generating leads in New York, the state's financial regulator said on Thursday. Blue Global LLC in Scottsdale, Arizona, and its chief executive officer, Chris Kay, agreed to the measures in a settlement with the New York State Department of Financial...

  • March 17- An online company that sells leads for payday loans has agreed to pay a $1 million penalty and stop generating leads in New York, the state's financial regulator said on Thursday. Blue Global LLC and its chief executive officer, Chris Kay, agreed to the measures in a settlement with the New York State Department of Financial Services, the regulator said.

  • PAYDAY LOAN COMPANY BLUE GLOBAL LLC AND CEO TO PAY $1 MLN PENALTY TO NEW YORK FINANCIAL REGULATOR- NYDFS.

  • *Hedge fund managers in bid to save licenses amid closure threat. HONG KONG/ SHANGHAI, March 17- China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. "It is very difficult for the regulators...

  • NEW YORK, March 16- A former Goldman Sachs Group Inc employee hired to help the bank root out illegal conduct settled Securities and Exchange Commission insider trading charges by agreeing to give up $468,132 in profit he made by stealing from the Wall Street bank's email system, the SEC said. The SEC on Wednesday said Yue Han, who had worked in Goldman's...

  • *To close London head office. LONDON, March 11- Anglo-South African financial services group Old Mutual will split into its four main businesses, and may list its emerging market and wealth management arms, it said on Friday. Regulatory changes in Europe and South Africa have made the company, which started out in 1845 as a life insurance firm in Cape Town, more...