The U.S. pledged to keep any trade deal from weakening its regulations, and said it would press to match efforts to make banking and trading safer.» Read More
Morgan Stanley is the latest U.S. bank probed for its hiring practices in China, according to a person familiar with the matter.
NEW YORK/ LONDON, Nov 27- JPMorgan Chase& Co decided in May to divest its Henry Bath metal warehousing company after a three-year struggle to conform the business to banking regulations, according to letters received by Reuters through a Freedom of Information Act request.
Jim McCaferty, Head of Regional Research at CIMB makes a case for investing in North Asian markets versus their South East Asian peers.
PASADENA, Calif.-- Prepaid debit card provider Green Dot said Monday that it has received regulatory approvals to acquire the Walmart MoneyCard prepaid card portfolio from a unit of General Electric Corp.. Green Dot said in June that it was buying the Walmart MoneyCard portfolio from GE Capital Retail Bank.
Erwin Sanft, MD & Head of China & HK Equity Research at Standard Chartered expects money to flow back into Chinese markets after Beijing's pro-market reform plans.
WASHINGTON, Nov 20- Payday lender Cash America International will refund consumers $14 million and pay a $5 million fine to settle civil allegations that it improperly pursued some customers' debt and overcharged military service members, U.S. regulators said on Wednesday.
Chi Lo, Senior Strategist, Greater China, BNP Paribas Investment Partners and Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC say shadow banking and credit risks could still rise in the next few years despite China's reform plans.
NEW YORK, Nov 12- Wall Street's industry-funded watchdog is developing a new rule that would require clearing firms to regularly provide it with data about brokerage transactions, U.S. regulators said on Tuesday.
WASHINGTON, Nov 12- Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry.
Nov 8- IntercontinentalExchange Inc said its takeover of NYSE Euronext would close on Nov. 13, after clearing final regulatory hurdles on Friday. The derivatives exchange and clearing house operator said in December it would buy the owner of the New York Stock Exchange in a deal that also gives ICE control of Liffe, Europe's No. 2 derivatives market.
Nov 8- NYSE Euronext said its more than $10 billion takeover by IntercontinentalExchange Inc is set to close on Nov. 13. The two companies now have all the regulatory approvals necessary to proceed with the closing, NYSE said in a statement on Friday.
Jing Ulrich, managing director at JPMorgan, says Chinese reforms should be wide-ranging and reveal the country's roadmap for the coming years and advises investing in services and consumer stocks.
Geoff Raby, Vice Chairman, Macquarie Group China also the Former Australian Ambassador to the PRC speaks about the likely reforms China's leaders may unveil at the Third Plenum.
"The key to establishing venture exchanges is to create a platform which could encourage smaller companies to enter our public markets while at the same time providing adequate protection for investors," said Daniel Gallagher, a Republican member of the Securities and Exchange Commission, in prepared remarks at a futures industry conference in Chicago.
*Some banks including HSBC contest proposed penalties. BRUSSELS, Nov 5- EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
The regulator, which oversees mortgage finance companies Fannie Mae and Freddie Mac, said the restrictions on the fees banks collect from insurers on so-called force-placed insurance would probably reduce costs for consumers.
Uwe Parpart, head of research at Reorient Financial Markets, describes China's housing market as "healthy" and expects some "very important" reforms to be announced regarding interest rates.
SHANGHAI, Nov 1- China's money rates trended lower this week after roller-coaster trading, driven by cash demand for corporate tax payments coming due, and the need for banks to meet regulatory requirements such as loan-to-deposit ratios.
The Federal Deposit Insurance Corp and Office of the Comptroller of the Currency approved similar proposals on Wednesday.
Former Rep. Barney Frank said it would be embarrassing and wrong if JPMorgan ended up being compensated by the FDIC.