Congress Financial Reform

  • Italy has room for more reform: EU commissioner

    Jyrki Katainen, jobs commissioner for the European Commission, talks about the importance of reforms and discusses Italy's government.

  • SYDNEY, April 10- Australian banks famously rode out the 2008 financial crisis with barely a scratch, but no longer are they the exemplar of success, as a commodity rout ravages the economy and a growing storm of accusations over misconduct threatens to tar their name. Last week, Westpac Banking Corp became the second Australian lender after ANZ Banking Group to...

  • April 8- Real estate investment trust MGM Growth Properties LLC will start marketing its U.S. initial public offering to investors on Monday, in a road show targeting as much as $1.2 billion in the largest IPO so far this year, sources said on Friday. MGM Growth Properties, backed by gaming and hospitality company MGM Resorts International Inc, said in a regulatory...

  • April 7- Employees of U.S. trading firms responsible for designing algorithmic trading strategies will be required to register with regulators as securities traders under a new rule approved on Thursday aimed at reducing risky and manipulative trading. People who design, develop, or significantly modify a firm's automated trading systems, which generate...

  • *Geneva prosecutor opens criminal inquiry linked to Panama Papers. *Panama law firm Mossack Fonseca has bureaux in Zurich, Geneva. Four decades of documents from Panamanian law firm Mossack Fonseca, which specialises in setting up offshore companies and has offices in Zurich and Geneva, showed widespread use of those instruments by global banks and triggered...

  • April 7- JPMorgan Chase& Co urged shareholders on Thursday to vote against appointing a committee to explore a break up of the bank, reiterating that splitting its businesses would not be in investors' best interests. According to a regulatory filing, a shareholder, Bartlett Naylor, plans to propose at JPMorgan's annual general meeting on May 17 that the bank...

  • A poolside view overlooking the newer side of the Panama City skyline.

    The US intends to issue a long-delayed rule forcing banks to seek identities of people behind shell-companies, after the "Panama Papers".

  • A poolside view overlooking the newer side of the Panama City skyline.

    The US intends to issue a long-delayed rule forcing banks to seek identities of people behind shell-companies, after the "Panama Papers".

  • ST. LOUIS, April 6- The U.S. Treasury Department intends to soon issue a long-delayed rule forcing banks to seek the identities of people behind shell-company account holders, after the "Panama Papers" leak provoked a global uproar over the hiding of wealth via offshore banking devices. A department spokesman said on Wednesday the rule would "soon" be turned over to...

  • Dept. of Labor changes retirement advice

    The Department of Labor is expanding the fiduciary standard, requiring financial advisers to put their client's best interest before their own financial interests, report CNBC's Sharon Epperson.

  • MUMBAI, April 5- Bombay Stock Exchange Ltd aims to list next year, its CEO said, in a deal that will raise the profile of Asia's oldest bourse at a time of industry consolidation, as investors such as Deutsche Boerse AG get the opportunity to cash out. The exchange expects to file a prospectus for its initial public offering and get regulatory approval within six to...

  • SHANGHAI, April 5- China's banking regulator said on Tuesday that lenders should tighten risk controls in their overseas branches, after some of the country's top banks have come under foreign scrutiny for alleged compliance failings. Banks should clarify the responsibilities of staff in overseas branches, strengthen judgment of risk and make sure...

  • MOSCOW, April 4- Russia's Economy Ministry has chosen three domestic investment banks to organise the privatisation of large state companies this year, it said on Monday. It chose VTB Capital to arrange the privatisation of oil company Bashneft, Sberbank CIB for the privatisation of diamond miner Alrosa and Renaissance Broker for the privatisation of VTB...

  • MOSCOW, April 4- Russia's Economy Ministry has chosen three domestic investment banks to organize the privatization of large state companies this year, it said on Monday. It chose VTB Capital to arrange the privatization of oil company Bashneft, Sberbank CIB for the privatization of diamond miner Alrosa and Renaissance Broker for the privatization of VTB...

  • 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...