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Financial Reform

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  • HONG KONG, Aug 7- Banks are being penalised too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc's head of Asia operations said- the second senior bank executive this week to voice frustration over what many in the industry see as overzealous regulation. Standard Chartered later distanced itself from his comments.

  • BEIJING, Aug 7- China's recent probes into Microsoft Corp and car companies including Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies.

  • HONG KONG, Aug 7- Banks are being penalized too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc's head of Asia operations said- the second senior bank executive this week to voice frustration over what many in the industry see as overzealous regulation.

  • WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.

  • WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better plans to avoid taxpayer bailouts during a future crisis, inching a step closer to taking action if they still found the so-called living wills deficient next year.

  • FRANKFURT, Aug 5- Deutsche Bank named U.S.-Swiss lawyer Nadine Faruque to lead a reform of its regulatory compliance practices, as it battles to cut a long and expensive list of investigations and potential settlements that have dogged it since the financial crisis.

  • *HSBC set to benefit from higher interest rates. LONDON, Aug 4- Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Monday, 4 Aug 2014 | 8:56 AM ET

    LONDON- Europe's largest bank HSBC warns that regulators' zeal to punish wrongdoing is putting its staff off taking reasonable business risks, as it reports a 12 percent drop in first-half profit. Portugal in $6.6 bln rescue of Banco Espirito Santo.

  • *HSBC set to benefit from higher interest rates. LONDON, Aug 4- Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.

  • Treasury takes a big step to fight dirty money Friday, 1 Aug 2014 | 2:07 PM ET

    Treasury is proposing a new regulation to make the financial system more transparent, says Undersecretary David Cohen.

  • Wall Street elite call for trading fee changes Monday, 28 Jul 2014 | 1:04 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Key Wall Street executives called for reform to some trading fees that could be causing market distortions and increased use of dark pools.

  • Goldman mortgage deal could reach $1.25B: Source Saturday, 26 Jul 2014 | 1:59 PM ET

    The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.

  • Abe shoots 'third arrow': What it entails  Tuesday, 24 Jun 2014 | 5:00 AM ET

    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.

  • 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.

  • 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.

  • Dick Bove: The new rulers of the financial system Tuesday, 29 Apr 2014 | 8:33 AM ET

    Regulations on big banks have created a vacuum into which alert entrepreneurs have established commanding positions, says bank analyst Dick Bove.

  • National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China.

    China's banking regulator has urged authorities and banks to step up an investigation into iron ore financing deals to minimize default risks.

  • Banks must boost capital by $68B under new rules Tuesday, 8 Apr 2014 | 7:23 PM ET
    JPMorgan Chase headquarters in New York.

    The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday.

  • Will Indian elections pave way for reforms?  Thursday, 3 Apr 2014 | 9:14 PM ET

    John Woods, MD, Head of Fixed Income & Senior Portfolio Manager at Citi Investment Management, discusses the likelihood of India seeing economic reforms post-election.

  • CAT avoided huge tax bill: Report  Tuesday, 1 Apr 2014 | 10:43 AM ET

    Caterpillar is under scrutiny for its tax strategies as the Senate will be taking a closer look at its tax structures today, reports CNBC's Hampton Pearson.