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  • 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...

  • CMA proposes to reform the energy market

    Ellen Fraser, partner for energy retail and utilities at Baringa Partners, discusses the U.K. competition watchdog's proposed reforms.

  • I have little sympathy for Tsipras: Mitsotakis

    Kyriakos Mitsotakis, president of Greece's New Democracy, accuses the current prime minister Alexis Tsipras of ruining the country's reputation.

  • March 10- China's central bank is preparing regulations that would allow commercial lenders to swap non-performing loans of companies for stakes in those firms, two people with direct knowledge of the new policy told Reuters. NPLs surged to a decade-high last year as China's economy grew at its slowest pace in a quarter of a century. "Such a rule change shows...

  • SHANGHAI, March 10- China's central bank is preparing new regulations that would allow commercial banks to directly swap non-performing loans to firms for shares in their companies, two sources with direct knowledge of the new policy told Reuters. They added that the new regulations would be promulgated with special approval from the State Council, China's...

  • The two companies will seek to overcome the kind of regulatory concerns that scuppered Deutsche Boerse's attempt to merge with NYSE Euronext four years ago, a deal blocked because it would have created a near-monopoly on exchange-traded derivatives in Europe. They could argue there is less overlap between certain business lines in any one region, namely...

  • LONDON, March 6- Britain's financial regulators introduce the new Senior Managers Regime on Monday to make top bankers accountable for misconduct at their companies. The reform is in response to public anger that, under the previous system, few senior bankers were punished after taxpayers had to bail out several lenders during the 2007-09 financial crisis.

  • NEW YORK, March 4- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank. Ranking representatives Maxine Waters of the House Financial...

  • NEW YORK, March 4- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank. Ranking representatives Maxine Waters of the House Financial...

  • WASHINGTON, March 4- The Federal Reserve on Friday proposed to limit how much the largest U.S. banks lend to one another and other finance companies as regulators try to protect the system in the event of a future crisis. Banks with $250 billion or more in assets may lend no more than 25 percent of their top-tier capital to one other institution.

  • ISTANBUL, March 1- The investment banking arm of Qatar's Barwa Bank is looking for investments in Turkey, in sectors ranging from real estate to food, and could spend more than $150 million per deal, its acting chief executive said on Tuesday. "Considering its growth potential, stability, strong regulations and corporate governance, we are looking to invest in...

  • Japan is stuck in a 'structural rut'

    Until Prime Minister Shinzo Abe pushes structural reforms through, nothing will change for Japan's economy, explains Michael Every from Rabobank.

  • NEW YORK, Feb 29- IEX Group, the private U.S. stock trading platform featured in Michael Lewis's book "Flash Boys: A Wall Street Revolt," said on Monday it amended its exchange application to address a practice that critics have said would give it an unfair speed advantage. IEX applied in September to become a public stock exchange, prompting a flood of nearly 400...

  • NEW YORK, Feb 26- A federal judge has dismissed nearly all of a lawsuit against Bank of America Corp and US Bancorp that held them liable for losses on roughly $6.8 billion in toxic mortgage securities that helped sink five federal credit unions. District Judge Katherine Forrest in Manhattan rejected claims by the National Credit Union Administration that the...

  • Henry Paulson

    Former Treasury Secretary Henry Paulson, who oversaw bank bailouts in the global financial crisis, has different advice for China: Let companies fail.