Financial Reform
featured
WASHINGTON, June 18- M&T Bank Corp will put a comprehensive plan in place to fix problems with its anti-money laundering policies that had caused regulators to put a hold on its $3.7 billion bid to buy Hudson City Bancorp. Buffalo, New York- based M&T Bank will submit a plan to the U.S.
» Read More
More
-
New mortgage rules from the Consumer Financial Protection Bureau will make borrowing tougher for the self-employed and home buyers seeking larger loans.
-
Hahn worked in Boston for Deutsche Bank's private wealth management division, a unit of Deutsche Bank AG, from 2008 to 2009. FINRA permanently barred him from the securities industry last year after a series of customer and regulatory complaints, according to a public disclosure report.
-
Hahn worked in Boston for Deutsche Bank's private wealth management division, a unit of Deutsche Bank AG, from 2008 to 2009. FINRA permanently barred him from the securities industry last year after a series of customer and regulatory complaints, according to a public disclosure report.
-
*FirstMerit terms not seen before in bank deals- banker.
-
Calls to break up the nation's major banks do not solve the risk problems at the heart of the 2008 financial crisis, Robert Rubin, former Clinton Treasury Secretary, told CNBC.
-
LONDON, Feb 6- Britain's Royal Bank of Scotland was fined $612 million and a subsidiary admitted to a criminal offence as regulators nailed a third bank in a global investigation into rigging of benchmark interest rates.
-
WASHINGTON, Jan 31- U.S. lawmakers on Thursday asked bank regulators to turn over documents related to the $8.5 billion settlement that ended a government-mandated review of crisis-era foreclosures, saying transparency was needed to boost confidence in the settlement.
-
*Banks' wealth management business positive for China- regulator. SHANGHAI, Jan 30- China's banking regulator will strengthen regulation of banks that use faulty accounting practices to disguise losses on the high-yield investment products that are increasingly replacing traditional deposits as banks' key sources of funding.
-
Paul Krake, Founder, View from the Peak: Macro Strategies warns of a credit crisis in China. He says the composition of growth is skewed and reforms aren't taking place quickly enough.
-
Weber, whose bank is one of two that has already settled with U.S. and UK regulators, made the proposal at a gathering on Thursday of top bankers and officials including Bank of Canada Governor Mark Carney, JP Morgan Chase Chief Executive Jamie Dimon, Citigroup CEO Mike Corbat and HSBC Chairman Douglas Flint.
-
Christian Meissner, head of global corporate and investment banking at Bank of America Merrill Lynch, tells CNBC that regulatory certainty in Europe benefits the banking sector.
-
Anthony Jenkins, CEO of Barclays, speaks to CNBC about job cuts, broad changes in the financial services sector and imposing a new code of conduct on the bank.
-
WASHINGTON/ NEW YORK, Jan 22- Credit rating firm Egan-Jones and its president Sean Egan agreed to be barred for 18 months from giving officially recognized ratings on asset-backed or government securities to resolve charges they lied on registration forms, U.S. regulators said on Tuesday.
-
*Raises questions about regulation as UAE recovers. The incident raises questions over authorities' regulation of banks as the UAE recovers from Dubai's corporate debt crisis of 2008-2010 and seeks to avoid the boom-and-bust cycle that plagued its real estate market in the past decade. Caps for UAE citizens were set at 70 percent and 60 percent.
-
Jan 9- Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and capital standards.
-
NEW YORK, Jan 8- JPMorgan Chase& Co, whose influence with lawmakers and regulators was damaged by its $6.2 billion derivatives loss last year, has hired Tim Ryan, the head of Wall Street's biggest trade group, as global head of regulatory strategy and policy.
-
NEW YORK, Jan 8- JPMorgan Chase& Co said it has hired Tim Ryan, chief executive of the Securities Industry and Financial Markets Association, to be its new global chief of regulatory strategy and policy. Ryan had worked at JPMorgan's investment bank before joining SIFMA in 2008..
-
SINGAPORE, Jan 8- Singapore Exchange Ltd said on Tuesday that it has tightened its risk management systems so it is in line to meet new global regulatory standards and make it easier for U.S. and European banks to continue to be members of its clearing houses.
-
Jim Walker, Founder and CEO, Asianomics says the new Basel III regulations may give banks more breathing room, but won't result in a much-needed shrinking of balance sheets.
-
Helen Zhu, Chief China Equity Strategist, Goldman Sachs is upbeat on China's A-share market in 2013. She expects economic reforms to gain traction in the mainland this year.
Most Popular Video
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."