Wells Fargo was one of five banks to fail an initial assessment in April. On Tuesday, regulators determined that Wells Fargo's living wills fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance Corporation said in a statement. Wells Fargo may submit an amended living will by March 31 and regulators may lift...
The government must cut spending on the sweeping bank regulation, Sen. Pat Toomey says.
SAO PAULO, Dec 8- Brazilian antitrust watchdog Cade said it has fined five international banks a combined 183.5 million reais as part of a settlement of charges they rigged the country's currency market. In July 2015, Cade accused a total of 15 banks of colluding to influence benchmark currency rates in Brazil by aligning positions and pushing transactions in a...
NEW YORK, Dec 7- Intercontinental Exchange Inc generally takes too long to complete investigations into questionable trading practices on its U.S. futures exchange as required by the rules, the regulator said. Overall, ICE Futures U.S. has an adequate trade practice surveillance program, the U.S. Commodity Futures Trading Commission said in a report dated Dec. 2.
Dec 6- Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a "very substantial reversal of regulations of all types," for the financial sector, following Donald Trump's U.S. presidential election victory. Trump has pledged to dismantle the 2010 financial overhaul known as Dodd-Frank, and Republicans in Congress have already...
After most European markets finished Monday in the black despite Italy’s referendum result, CNBC’s Julia Chatterley looks at how concerned markets should be about the country’s banks.
Italy’s UniCredit has begun exclusive talks with Amundi to sell its asset management arm, Pioneer. Filippo Alloatti, senior credit analyst at Hermes Investment Management, takes a look at Italian banks.
LC Macro Advisors Founder and Chief Economist Lorenzo Codogno says he expects to see a “moderately negative” reaction from markets following the Italian referendum.
LC Macro Advisors Founder and Chief Economist Lorenzo Codogno says European leaders will likely want to see a quick solution to the crisis in Italy.
After Italian Prime Minister Matteo Renzi announcement his intention to resign, CNBC’s Julia Chatterley discusses where the country goes from here.
CNBC’s Julia Chatterley takes a look at what national Italian papers are saying, following the country’s referendum outcome.
After Italian Prime Minister Matteo Renzi announcement his intention to resign, CNBC’s Julia Chatterley explains what could happen next and whether Renzi’s resignation will be accepted.
WASHINGTON, Dec 2- Online credit companies and paperless lenders may seek a federal charter to do their business nationwide under a plan outlined on Friday by a U.S. banking regulator. The Office of the Comptroller of the Currency, the main regulator for federal banks, said it hoped offering a charter for "fintech" companies would spur innovation in the banking...
Deutsche Bank Senior Economist Marco Stringa discusses whether it’s better to have – or not to have – a democratically voted in Italian prime minister.
Deutsche Bank Senior Economist, Marco Stringa compares Brexit, Donald Trump and the upcoming Italian referendum.
Lia Quartapelle, MP and head of foreign commission of the house of deputies, talks about whether European populism has had an impact on the Italian referendum.
Elga Bartsch, global co-head of economics at Morgan Stanley, explains why she expects the ECB to start tapering in 2017.
Ahead of the Italian referendum vote this weekend, CNBC’s Julia Chatterley takes a look at what the local media outlets are reporting.
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...
Nicola Borri, economist at LUISS Guido Carli University, says if Italy votes “No” there’s likely to be pressure on the country’s banks,