GO
Loading...

Financial Reform

More

  • Past attempts by the SEC and the Financial Industry Regulatory Authority to improve disclosure and end certain incentive payments have faltered.

  • WASHINGTON, Sept 3- The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.

  • WASHINGTON, Sept 3- The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.

  • NEW YORK, Aug 28- A U.S. regulator can proceed with lawsuits accusing HSBC Holdings Plc and Nomura Holdings Inc of misleading Fannie Mae and Freddie Mac into buying mortgage-backed securities that later turned toxic, a federal judge ruled on Thursday.

  • Aug 22- Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

  • Aug 22- Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities, the Financial Times reported.

  • *Letter sent to BCBS, IOSCO. HONG KONG, Aug 21- The international banking industry has asked regulators for more time to implement derivatives rules that could add $800 billion to the global financial industry's cost of doing business, people familiar with the matter said.

  • Aug 20- Warren Buffett's Berkshire Hathaway Inc agreed to pay an $896,000 fine to settle U.S. government accusations that it violated antitrust rules by failing to report a transaction that boosted its stake in building products company USG Corp..

  • Aug 20- Warren Buffett's Berkshire Hathaway Inc agreed to pay an $896,000 fine to settle U.S. government accusations that it violated antitrust rules by failing to report a transaction that boosted its stake in building products company USG Corp..

  • TOKYO, Aug 20- Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.

  • Citi tells court its Argentina banking license at risk Tuesday, 19 Aug 2014 | 12:27 PM ET

    NEW YORK, Aug 19- Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff. Citi expects to receive about $5 million from Argentina ahead of its next coupon payment deadline of Sept. 30.

  • In June 2013, Bank of Tokyo-Mitsubishi agreed to pay $250 million to New York State for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with Iran and other sanctioned countries.

  • NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.

  • WASHINGTON, Aug 13- Banks need to urgently change a provision in derivatives contracts that prevents them from smoothly winding down their business if they start failing during a crisis, a top U.S. regulator told Reuters on Wednesday.

  • PARIS, Aug 12- Belgian power grid operator Elia, State Grid Corporation of China, Italian grid operator Terna and Canadian pension fund PSP Investments have been shortlisted to bid for a 66 percent stake in Greek grid operator ADMIE, a source familiar with the bidding process told Reuters.

  • *UK, EU regulators seek curbs on commission system. LONDON, Aug 10- Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment.

  • Aug 7- U.S. banking regulators have ordered Deutsche Bank AG to improve its compliance systems and risk controls, the Wall Street Journal reported, citing people familiar with the matter.

  • HONG KONG, Aug 7- Banks are being penalised too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc's head of Asia operations said- the second senior bank executive this week to voice frustration over what many in the industry see as overzealous regulation. Standard Chartered later distanced itself from his comments.

  • BEIJING, Aug 7- China's recent probes into Microsoft Corp and car companies including Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies.

  • HONG KONG, Aug 7- Banks are being penalized too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc's head of Asia operations said- the second senior bank executive this week to voice frustration over what many in the industry see as overzealous regulation.