Financial Reform
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LONDON, April 5- Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should consider banning its former bosses from the industry, UK lawmakers said in a damning report.
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LONDON, April 5- Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should consider banning its former bosses from the industry, UK lawmakers said in a damning report.
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LONDON, April 5- Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should consider banning its former bosses from the industry, UK lawmakers said in a damning report.
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Martin Schulz, senior economist at Fujitsu Research Institute, tells CNBC that many Japanese business leaders remain skeptical over prime minister Abe's motives for reform.
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WASHINGTON, April 2- Bank of America Corp agreed to pay $165 million to settle charges by the U.S. credit union regulator involving sales of mortgage-backed securities to corporate credit unions that have since failed, the regulator said on Tuesday.
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WASHINGTON, April 2- Bank of America Corp agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed, the regulator said on Tuesday.
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BEIJING, April 2- China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator said.
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Thousands of U.K. financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.
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China's financial reform campaign has indeed chalked up considerable victories, but it appears more time will be needed before additional and necessary reform measures take root. The Caixin reports.
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SEATTLE-- HomeStreet Inc. said Wednesday that it has been freed from the last of its regulatory sanctions. Late last year, the Federal Deposit Insurance Corp. and the Washington Department of Financial Institutions lifted a so-called memorandum of understanding against the company's HomeStreet Bank.
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Switzerland, home to commodities giants such as Glencore. "There is no evidence, at present, of a general trend amongst companies to move away from Switzerland, but much will depend on whether Switzerland succeeds, also in the future, in providing a competitive legal and economic setting for conducting business," the report said.
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American International Group is investing billions of dollars in "big data" as part of its major focus on "rebuilding the foundation of the company," CEO Robert Benmosche told CNBC.
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BRUSSELS, March 26- The International Swaps and Derivatives Association may have joined with investment banks to keep exchanges out of the credit derivatives market, European Union regulators said on Tuesday, expanding an investigation into the sector.
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BRUSSELS, March 26- The International Swaps and Derivatives Association may have joined with investment banks to keep exchanges out of the credit derivatives market, European Union regulators said on Tuesday, expanding an investigation into the sector.
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BRUSSELS, March 26- The International Swaps and Derivatives Association may have acted with investment banks to block exchanges from entering the credit derivatives market, EU antitrust regulators said as they expanded their investigation into the sector.
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BRUSSELS, March 26- The International Swaps and Derivatives Association may have acted with investment banks to block exchanges from entering the credit derivatives market, EU antitrust regulators said as they expanded their investigation into the sector.
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LONDON, March 26- A bank should limit its exposure to any other single bank at no more than 5 percent of its capital base to ensure it can stay in business if the other lender defaults, global regulators proposed on Tuesday. Basel is now proposing an enforceable global cap at half that level.
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March 26- The Federal Reserve has ordered Citigroup Inc to better police for the risk of money laundering, part of a broad U.S. regulatory crackdown on the potential for illicit money flows.
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The Federal Reserve and the Office of the Comptroller of the Currency reached settlements worth about $9.3 billion with 13 banks earlier this year to end case-by-case reviews of whether they had wrongly seized homes.
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March 25- U.S. regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc's glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more.
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March 25- U.S. regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc's glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more.