Financial Reform
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Martin Schulz, president of the European parliament, rejects the idea that implementing tougher bonus limits will reduce European banks' competitiveness.
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Martin Schulz, president of the European parliament, rejects the idea that implementing tougher bonus limits will reduce European banks' competitiveness.
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May 21- LPL Financial LLC must pay a total of $9 million for significant email system failures and making misstatements to Wall Street's watchdog, the regulator said on Tuesday.
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NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off the bank's opponents from polling information.
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NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off polling information to the bank's opponents.
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NEW YORK-- Ally Financial Inc. said Tuesday that it agreed to back a settlement plan to resolve potential financial claims stemming from its bankrupt mortgage division, Residential Capital LLC. The only exception: securities claims by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp. in its role as receiver for certain failed banks.
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HONG KONG, May 13- Hong Kong shares suffered their worst loss in almost a month on Monday as Ping An Insurance fell sharply after regulators slapped a three-month ban on its brokerage unit for helping list a fraudulent Chinese company. The China Enterprises Index of the top Chinese listings in Hong Kong slid 2.1 percent.
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Harris Georgiades, Cyprus finance minister, comments on Cypriot reforms, discussions with Russia, capital controls and why he expects the first installment of the bailout shortly.
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Antonio Fatas, Professor of Economics at INSEAD says a lot of the political debates in Europe have gone away little by little. He says it is time to find ways to bring growth back to Europe's economy.
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Richard Ward, CEO of Lloyd's, highlights that the European Union is very important to the U.K's financial sector but that some of its planned regulations could hurt.
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Edward Pinto, resident fellow at American Entreprise Institute, discusses how the U.S. mortgage lending business should be reformed following strong profits from Fannie Mae.
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SAN FRANCISCO, May 8- CBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization.
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SAN FRANCISCO, May 8- CBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization. It also expects any settlement to require it to beef up its compliance and regulatory programs, CBOE said in its quarterly filing with the U.S. Securities and Exchange Commission.
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ABU DHABI, May 8- The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies for non-compliance with regulations including rules against money laundering, the central bank said on Wednesday. The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
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The European Commission and the U.S. Department of Justice are also conducting antitrust investigations into the banks and Markit relating to anticompetitive behavior in CDS.
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The European Commission and the U.S. Department of Justice are also conducting antitrust investigations into the banks and Markit relating to anticompetitive behavior in CDS.
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LJUBLJANA, May 6- Slovenia is looking to sell its largest telecommunications operator and second largest bank, sources said, as its steps up efforts to shore up its finances and avoid a bailout. The Bank of Slovenia on Monday urged the government to speed up privatisations in sectors where "the market is more effective than state ownership" but gave no details.
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HONG KONG, May 6- State-owned China Galaxy Securities Co Ltd set a record for Hong Kong's IPO market on Monday, with a total of 21 banks working as joint bookrunners on its $1.37 billion offering.
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HONG KONG, May 6- State-owned China Galaxy Securities Co Ltd set a record for Hong Kong's IPO market on Monday, with a total of 21 banks working as joint bookrunners on its $1.37 billion offering.
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Concerns that strict rules on bank capital levels would harm lending to the UK economy are greatly exaggerated, Britain's top banking regulator Andrew Bailey said. Mick Davis, the former boss of pre-merger mining giant Xstrata, has hired Goldman Sachs to raise money to set up a new resource giant. UK COAL'S FATE REST IN TAX MAN'S HANDS.
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NEW YORK, May 3- The Federal Housing Finance Agency on Friday withdrew its conditional objection to Bank of America Corp's proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities. Countrywide was acquired by Bank of America in 2008..