Congress Financial Reform

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  • WASHINGTON, Feb 10- The U.S. government and the country's largest life insurer squared off in federal court on Wednesday over whether regulators can designate non-banking firms as "too big to fail," one of the major reforms that followed the financial crisis. District Judge Rosemary Collyer heard MetLife Inc.' s arguments that the Financial Stability Oversight...

  • Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • The settlement resolves lawsuits the U.S. regulator filed as receiver for the three failed banks against Morgan Stanley and other defendants over what the FDIC said were misrepresentations in the offering documents for the mortgage-backed securities. The latest settlement followed an earlier FDIC accord last year in which Morgan Stanley agreed to pay...

  • NEW YORK, Feb 2- Morgan Stanley has agreed to pay $62.95 million to resolve claims over the sale of toxic mortgage-backed securities to three banks that later failed, the Federal Deposit Insurance Corp said on Tuesday. The settlement resolves lawsuits the U.S. regulator filed as receiver for the three failed banks against Morgan Stanley and other defendants...

  • HONG KONG, Feb 2- Hong Kong's securities regulator said on Tuesday Goldman Sachs failed to follow sections of the city's takeovers code when it acted as financial adviser for Wing Hang Bank Ltd in a $5 billion offer for the Hong Kong lender in 2014.. Goldman's "conduct fell far short of the standards expected" as the New York- based firm did not comply with...

  • BEIJING, Feb 1- China's foreign exchange regulator said it has not asked institutions to defer the launch of new products under the Qualified Domestic Institutional Investor program, according to a post on its official microblog on Monday. The statement follows a report by financial magazine Caixin on Saturday that quoted unidentified sources from fund...

  • The New York Department of Financial Services extended the deadline to March 31 from Feb. 1 on Wednesday to get more public input, a spokesman said on Thursday. Under the draft regulations, unveiled by New York Governor Andrew Cuomo in December, compliance officers could face criminal penalties for filing incorrect or false certifications about the...

  • LONDON, Jan 28- Britain's banking regulators will investigate whether certain former senior managers at HBOS, the bank which collapsed in 2008, should be banned from holding office in the financial sector, they said on Thursday. "These investigations will determine whether or not any prohibition proceedings should be commenced against them," the Bank of...

  • We are doing our homework: Italy fin min

    Pier Carlo Padoan, minister of economy and finance for Italy, says reforms in his country are beginning to bear fruit and improve the jobs market and will soon announce new reforms to the banking system.

  • Recovery needs to be supported with reforms

    ECB president, Mario Draghi, calls for structural reforms to boost productivity, reduce unemployment and create sustainable economic growth.

  • France needs a lot of reforms: Sodexo CEO

    Michel Landel, CEO of Sodexo, discusses attempts by the French government to make labor market reforms and says the government needs to cut public spending.

  • China reform efforts will slow down: Ex-US diplomat

    Gary Locke, who was U.S. ambassador to China from 2011-14, explains that China's slowing economy will also slow the pace of reform under Xi Jinping's leadership.

  • China slowdown will be gradual: Moody's VP

    Marie Diron, senior VP of Moody's Investors Service, argues that China will continue to slow very gradually as the government is more likely to support the economy rather than reform it.

  • A vendor holds Chinese Yuan notes at a market in Beijing.

    The PBOC it would extend the yuan's trading hours on the Shanghai-based FX market from Jan. 4, in a major step forward on reforms.

  • 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.

  • 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.