Financial Reform


  • NEW YORK, June 23- The Financial Industry Regulatory Authority has withdrawn a controversial proposal that would require brokers to disclose to customers signing bonuses and other compensation they receive to move to a new firm.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.


  • 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.

  • WASHINGTON, June 6- U.S. securities regulators filed civil lawsuits on Friday against a private trading platform and a major brokerage firm, citing both cases as part of an agency crackdown on violations of core equity market structure rules.

  • NEW YORK, June 6- The U.S. Securities and Exchange Commission said on Friday it was suing the New York- based dark pool operator Liquidnet Inc for failing to safeguard confidential trading information. The SEC said Liquidnet would pay $2 million to settle the case, without admitting or denying any of its findings.

  • BEIJING, June 6- China will further tighten supervision over the shadow banking sector, the country's banking regulator said on Friday, part of an ongoing campaign to control off-balance sheet lending by the country's financial institutions.

  • The lawsuit, filed against the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, comes days after U.S. prosecutors opened criminal and civil probes into at least 15 banks and payment processors as part of a wide-ranging consumer fraud investigation.

  • June 5- A bank branch-based broker for a unit of JP Morgan has been permanently barred from the securities industry for using a customer's credit card reward points for his own personal accounts, according to Wall Street's industry-funded watchdog.

  • June 5- A bank branch-based broker for a unit of JP Morgan has been permanently barred from the securities industry for using a customer's credit card reward points for his own personal accounts, according to Wall Street's industry-funded watchdog.

  • Bank regulators have gone too far: Dick Bove Thursday, 5 Jun 2014 | 2:43 PM ET

    There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.

  • Euronext London gets key UK regulatory approval Wednesday, 4 Jun 2014 | 5:11 AM ET

    LONDON, June 4- Euronext's London market has been approved as a full exchange by Britain's financial regulator, putting it on a level footing with rivals such as the London Stock Exchange Group and BATS Chi-X Europe.

  • NEW YORK, June 3- Ocwen Financial Corp will stop requiring some homeowners to not criticize the company publicly in exchange for having the terms of their loans eased, New York state banking regulator Benjamin Lawsky said on Tuesday.

  • NEW YORK- New York state's top banking regulator, Benjamin Lawsky, is asking BNP Paribas SA to fire some senior executives as part of a settlement of allegations that the French bank violated U.S. sanctions, two sources familiar with the matter say., moved, by Karen Freifeld, 930 words).

  • PNC Financial Services Group Inc, PHH Corp, MetLife Inc, Santander Holdings USA Inc and Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland, have all disclosed in filings with the Securities and Exchange Commission that they've received subpoenas.

  • LONDON, May 27- Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, it said on Tuesday, kicking off a process regulators hope will create a vibrant challenger to Britain's dominant high-street lenders.

  • Credit Suisse's trading ties under FINRA scanner - WSJ Thursday, 22 May 2014 | 9:45 AM ET

    May 22- Wall Street's industry-funded regulator is examining ties between Credit Suisse Group AG and a number of trading firms over concerns that the Swiss bank enabled potentially improper trading, the Wall Street Journal reported, citing people familiar with the probe.

  • *Central bank highlights corporate bad loans. BUDAPEST/ LONDON, May 22- Hungary's central bank proposed regulatory action on Thursday to encourage commercial banks to clean bad corporate loans from their books, a move which could improve their ability to lend and accelerate a shake-up of the sector.