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Financial Reform

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  • SINGAPORE, Feb 27- Singapore Exchange Ltd may have just begun its search for a new CEO but investors and brokers already know what change they want to see: the bourse stripped of its regulatory powers and a rebuilding of its stock market business. Unlike other major financial markets, Singapore does not have a dedicated securities watchdog.

  • India to roll out a 'disciplined budget'?  Friday, 27 Feb 2015 | 12:17 AM ET

    Jahangir Aziz, head of EM Asia Economic Research at JP Morgan, says the economic realities of India may prompt the government to refrain from big ticket spending.

  • Feb 25- Doral Financial Corp said on Wednesday it intends to fight an appeals court ruling that overturned a lower court decision to grant the embattled lender a $229 million tax refund that was contested by Puerto Rico's Treasury Department. On Jan. 26, the FDIC issued a Prompt Corrective Action Directive ordering the bank to increase its capital within 30 days...

  • New York surveying banks on cybersecurity defenses Wednesday, 25 Feb 2015 | 2:39 PM ET

    ALBANY, N.Y.— New York financial regulators are considering tougher cybersecurity requirements for banks to mandate more complex computer sign-ins and certifications from the contractors of their cyberdefenses, the state's top regulator said Wednesday. They already are revamping regular examinations of banks and insurance companies by adding...

  • Bank regulation takes back seat to kick-starting economy Wednesday, 25 Feb 2015 | 9:23 AM ET

    *European Commission may ease some proposed rules. LONDON/ FRANKFURT, Feb 25- As the banking crisis fades in memory, only to be replaced by a lingering economic slowdown, governments are losing interest in financial reform despite warnings that dangers still lurk. "The bulk of legislative reform is now either in place or being put in place," said Anthony Browne, chief...

  • Greece plays waiting game with reform plans  Monday, 23 Feb 2015 | 9:10 PM ET

    Cash-strapped Greece missed a deadline to give its European partners a list of economic reforms in return for a four month extension on its bailout program. CNBC's Julia Chatterley reports.

  • Why Athens delayed the submission of reform list  Monday, 23 Feb 2015 | 5:33 PM ET

    Greece's left-wing Syriza party is looking for a "face-saving way" after backtracking from its election promises, says Bill Adams, senior international economist at the PNC Financial Services Group.

  • There's a new mortgage crisis brewing: Dick Bove Monday, 23 Feb 2015 | 12:09 PM ET
    Richard Bove of Rafferty Capital Markets.

    There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.

  • Careful, your bonus is in danger!  Sunday, 22 Feb 2015 | 7:00 PM ET

    U.K. financial sector professionals will have received over £100 billion in bonuses since the beginning of the financial crisis by the end of March. But could hefty bonuses be a thing of the past?

  • Peugeot CEO: Want better French growth  Wednesday, 18 Feb 2015 | 11:15 AM ET

    Carlos Tavares, CEO of Peugeot, talks about Russia and how it and the French economic reforms impact his business.

  • LONDON, Feb 16- Revenues and margins at Europe's "Big Three" credit rating agencies are back to pre-financial crisis levels and the trio are in line for more business, despite a welter of new rules aimed at reducing their influence, a regulator said on Monday. Yet the European Securities and Markets Authority, which regulates the 27 rating agencies operating...

  • France passes reform bill: Reaction  Tuesday, 17 Feb 2015 | 11:00 AM ET

    The French government has passed an economic reform bill by decree. Christian Keller, economist at Barclays weighs in on the rare, but "good move."

  • A call for increased regulatory reform  Monday, 16 Feb 2015 | 5:30 AM ET

    Did the U.S. undertake enough financial reform during the 2008 banking crisis? Barry Eichengreen, professor of economics and political science at Berkeley University, says he's worried they didn't.

  • Stubbs: Will extend, if Greece commits to reforms  Thursday, 12 Feb 2015 | 11:15 AM ET

    Discussing the Greek debt negotiations, Alexander Stubbs, Prime Minister of Finland, says that it's clear that for the euro zone it was "18 to 1", saying that they are willing to extend the program, but Greece must commit to the structural reforms.

  • NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...

  • BRUSSELS, Feb 4- ICAP, the world's biggest interdealer broker, was fined 14.9 million euros on Wednesday for rigging the yen Libor financial benchmark, part of a crackdown by EU regulators against anti-competitive behaviour in the industry. The European Commission said ICAP took part in several cartels, which included UBS, Royal Bank of Scotland, Deutsche Bank,...

  • ECB's QE: When will the economic benefits show?  Monday, 2 Feb 2015 | 5:00 AM ET

    When will the European Central Bank's bond-buying scheme benefit the European economy? Jim Russell, portfolio manager at Bahl & Gaynor, says it won't have benefits until late 2015

  • Most brokerages do not disclose the size of the payments they receive, but TD Ameritrade said it took in $304 million from the practice in 2014, up 29 percent from the year before. Now a group including TD Ameritrade, Charles Schwab Corp and Fidelity Investments hopes to ease concerns about conflicts by giving investors more detailed reports including how much...

  • SHANGHAI, Jan 29- Chinese banks seeking to profit from the country's stock market frenzy have bought into the recent surge in margin finance, foiling regulatory efforts to reduce debt-fueled speculation and amplifying the risk if the rally turns into a rout. That exposes China's banking system to greater risks, even as lenders struggle with an economic...

  • *Stock regulator to inspect 46 firms on margin trading-Xinhua. SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system.