Financial Reform


  • 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.

  • SYDNEY, May 22- Hong Kong Exchanges and Clearing Ltd is targeting a fourth quarter launch for its mini metals and coal futures contracts, pending regulatory approval, an executive said on Thursday.

  • LONDON, May 21- The second round of a battle between banks and bourses kicks off this week when European Union regulators publish proposals for the biggest shake-up of the bloc's securities market in history to increase transparency and investor protection.

  • HONG KONG, May 19- Hong Kong H-shares finished lower on Monday, as Chinese bank stocks slide in line with those on the mainland in the wake of stiffer regulation of interbank lending and weak economic data. Weakness in consumer staples was a drag on Hong Kong's main index, with Belle International Holdings Ltd down 3.2 percent.

  • FRANKFURT, May 19- Deutsche Bank said a decision to seek 8 billion euros in new equity capital was driven by uncertainty about the cost of new regulations and the need for funds to expand its investment banking business. It plans to sell the new shares combined with at least 1.5 billion euros in hybrid debt by June 4.

  • LONDON, May 15- RP Martin was fined $2.3 million by British and U.S. regulators over allegations its traders manipulated benchmark interest rates, a penalty reduced by two thirds because the small UK brokerage was unable to pay the full amount.

  • Sallie Mae settles overcharging claims for $60 mln Wednesday, 14 May 2014 | 9:28 AM ET
    U.S. Department of Justice, Washington, D.C.

    Sallie Mae has reached a $60 million settlement with the government to resolve allegations that it overcharged military service members.

  • *Banks can help develop digital economy- Bitcoin Foundation. LONDON, May 13- Regulators should create a framework of rules to help to make virtual currencies such as bitcoin more attractive to ordinary consumers, a lawyer from the Bitcoin Foundation said on Tuesday.