Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.» Read More
PANAMA CITY, July 18- Panamanian banking supervisors said on Friday they had taken control of ES Bank SA, a small unit of Portugal's Espirito Santo, which is facing intense scrutiny from investors and regulators over revelations of irregularities at related companies.
WASHINGTON, July 17- U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.
The planned transformation of EBS, owned by the world's largest interdealer broker ICAP, comes as the sector faces greater regulatory scrutiny after alleged manipulation of foreign exchange benchmarks used to price trillions of dollars of investments and company deals.
The series of examinations, which will likely begin this summer or fall, will also gauge funds' compliance with securities industry laws and regulations, said Norm Champ, director of the SEC's Division of Investment Management, in prepared remarks published by the agency late on Monday.
NEW YORK, July 3- American Express Co is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees.
*Mitsubishi UFJ, CIMB and TPG among suitors- bankers. *Targets include Rizal Commercial Banking Corp- bankers.
WASHINGTON, July 1- Wall Street's self-funded regulator fined a unit of Goldman Sachs on Tuesday over pricing rule violations stemming from its "dark pool," marking the latest in a string of recent enforcement actions targeting anonymous trading platforms.
WASHINGTON, July 1- A unit of Goldman Sachs will pay an $800,000 fine and return funds to harmed investors to settle charges that its "dark pool" trading venue violated rules designed to get customers the best prices, the Financial Industry Regulatory Authority said on Tuesday.
*CSRC cracking down on insider trading at mutual funds. By Lu Jianxin and Pete Sweeney. SHANGHAI, July 1- A crackdown by Chinese regulators on insider trading in the country's $1.2 trillion mutual fund industry has sparked an exodus of fund managers from the industry.
*Google, Apple, Amazon among those well positioned- KPMG. MONACO, June 27- Tech companies pose a growing threat to traditional asset managers and the financial services industry needs to up its game to meet the challenge, even though the hurdle of regulation is holding back rapid change, industry executives said.
June 26- Big banks have started pulling their business out of Barclays' dark pool, after the British bank was sued by New York's top securities regulator for allegedly misleading institutional investors over its anonymous trading venue, The Financial times reported.
June 25- The U.S. Securities and Exchange Commission unveiled a one-year "tick size" pilot program to let some stocks trade in five-cent increments instead of one-penny increments.
Seijiro Takeshita, director at Mizuho International, comments on Shinzo Abe's new measures and says their benefits won't be felt until next year at the earliest.
NEW YORK, June 23- The Financial Industry Regulatory Authority has withdrawn a proposal that would require brokers to disclose to customers signing bonuses and other compensation they receive to move to a new firm, but it plans to refile it later this year.
NEW YORK, June 23- The Financial Industry Regulatory Authority has withdrawn a controversial proposal that would require brokers to disclose to customers signing bonuses and other compensation they receive to move to a new firm.
BUCHAREST, June 20- Bulgaria's financial regulator has ordered the stock exchange to suspend trading of Corporate Commercial Bank from Monday to Wednesday next week in order to protect investors and stabilise the market, it said in a statement on Friday.
BULGARIA FINANCIAL REGULATOR ORDERS STOCK EXCHANGE TO SUSPEND TRADING OF CORPORATE COMMERCIAL BANK FROM MONDAY-WEDNESDAY.
WASHINGTON, June 16- The U.S. Supreme Court on Monday threw out an appeals court ruling that had allowed a lawsuit by a federal regulatory agency to go forward against several banks over their role in selling mortgage-backed securities to now-failed credit unions.
PARIS, June 10- Retail clients of BNP Paribas are keeping faith in France's biggest listed bank despite reports about a looming multi-billion fine from U.S. regulators, the head of French retail banking Marie-Claire Capobianco told BFM Business TV on Tuesday.
NEW YORK, June 10- Wall Street banks are playing cat-and-mouse with U.S. regulators over rules that seek to reduce lending for deals that load up companies with too much debt, as they try to retain a profitable business and meet demands from clients and investors.