Congress Financial Reform

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  • *Regulation affects work between UAE- US banks- governor. *UAE raised problem with US authorities in November. ABU DHABI, Dec 9- The United Arab Emirates wants authorities in the United States to clarify regulations for U.S. banks doing business with UAE banks because the current system is holding up transactions happening via the U.S. dollar clearing service.

  • Tri-Factor: HSBC on three key China risks in 2016

    John Zhu, greater China economist at HSBC, sets out the 3 key risks investors must look out for in China next year; deflation is one.

  • NEW YORK, Dec 8- Prosper Marketplace's $28,500 loan to the husband of the couple that killed 14 people in California last week risks drawing regulatory scrutiny of the online lending industry's "fast and easy" business model. Online lenders such as privately held Prosper and market leader Lending Club Corp are part of a small, but fast-growing industry.

  • Nov 30- U.S. regulators are investigating whether Wells Fargo& Co has pushed employees too hard to meet sales targets while turning a blind eye to questionable behavior, The Wall Street Journal reported on Monday. Wells Fargo has a reputation for being better than peers like Bank of America Corp and JPMorgan Chase& Co at selling multiple products to its customers,...

  • SHANGHAI, Nov 29- A year after China's financial regulators squared up to the systemic perils of "shadow banking," the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its way into products aimed at retail investors. New corporate bond issuance leaped to 914 billion yuan in the third quarter, accounting for 29 percent of all...

  • China will shake up its military by establishing a joint operational command structure and rejig existing military regions as part of overall reforms.

  • India's structural reform is wishful thinking: Investor

    While India's government is well-intentioned, it doesn't have the majority needed to move on reforms, says Saurabh Mukherjea, CEO of institutional equities at Ambit Capital.

  • RBI Rajan: India needs to fix bugs in its banking system

    Raghuram Rajan, Reserve Bank of India governor, speaks to CNBC about cleaning up India's banking system and its corporate sector.

  • Can India's poor rise with the tide of wealth?

    CNBC's Martin Soong explores India's challenge; building an inclusive economy while a large proportion of its population lives in poverty.

  • The Bank of England and the Financial Conduct Authority published two long-delayed reports into HBOS on Thursday, which blamed HBOS's management for its failure and criticised the previous regulator, the Financial Services Authority. The BoE and the FCA should consider whether to take action against HBOS's chief executive at the time of the collapse, Andy...

  • LONDON, Nov 19- The Bank of England's Prudential Regulation Authority and Britain's Financial Conduct Authority published a report on Thursday into why HBOS bank failed in October 2008 during the global financial crisis. The bank, Britain's biggest mortgage lender, had to be taken over by Lloyds, which itself then needed a 20 billion pound taxpayer bailout.

  • NEW YORK, Nov 16- Virtus Investment Advisers, a top mutual fund manager, will pay $16.5 million to settle charges it used false performance claims to boost an investment strategy using exchange-traded funds, the U.S. Securities and Exchange Commission said on Monday. The SEC penalty came after a several-year investigation by the regulatory agency into...

  • NEW YORK, Nov 13- IEX Group's application to become a U.S. stock exchange does not meet industry standards and regulators should not approve the upstart trading venue's request, which lacks key details on how it's so-called' speed bump' would operate, the New York Stock Exchange has said of its rival. It aims to launch as such early next year, and would compete against...

  • SHANGHAI, Nov 13- Chinese stock regulators raised margin finance requirements on Friday in the name of preventing systemic risk, but kept widely-criticised limits on how much companies price IPOS in place. The amount of collateral required for margin loans would double from 50 percent to 100 percent of the amount borrowed, the Shanghai and Shenzhen stock...

  • LONDON, Nov 12- Nearly all countries in the European Union have allowed banks to double their bonuses where approved by shareholders, the EU banking watchdog said on Thursday. The European Banking Authority said nearly all EU states apart from Belgium, Sweden, Romania and Slovenia, have allowed the doubling of bonuses. Britain, the EU's biggest financial center...

  • HONG KONG, Nov 12- Draft rules to curb high-speed trading blamed for China's summer stock market crash could kill off billions of dollars of investment into China, global banks and investors have told Chinese regulators in a letter. Industry participants who signed off on the letter said it warned Chinese regulators that the proposals would inadvertently...

  • Tracking Indian PM Modi's visit to the UK

    Alexander Kazan, practice head, emerging markets at Eurasia, says Prime Minister Narendra Modi's three-day visit to the U.K. reflects the enthusiasm that international investors have about India.

  • Deals will signify deep UK-India ties: Expert

    Anil Gupta, professor of strategy & globalization at The University of Maryland, outlines his expectations for the package of business deals that will likely be signed during Indian Prime Minister Modi's visit to the U.K.

  • Faced with public outrage, the government is trying to find ways to lower the high cost of living, while the Bank of Israel is looking to boost competition for loans to households and small businesses, which would lower the cost of credit. Under the project that Baudot-Trajtenberg is heading, banks and lenders would send all credit information to a data bank at the...

  • BEIJING, Nov 10- China's $7 trillion card payment market is open to foreign and local applicants and regulators will not set a limit on the number of cards that issuers can grant in China, an official of the central bank said at a forum in Beijing on Tuesday. Significantly, overseas bank card providers such as Visa Inc and MasterCard Inc won't have to establish joint...