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Financial Reform

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  • NEW YORK, Oct 10- ConvergEx Group LLC is revamping its two alternative trading systems, or "dark pools," due in part to expectations of tighter industry regulations, Eric Noll, chief executive of the brokerage and trading services provider, said on Friday. Several regulators are probing how the venues operate, and New York's attorney general has filed a lawsuit...

  • LONDON, Oct 9- Britain is unlikely to sell any more of its remaining 25 percent stake in Lloyds Banking Group until the bailed-out lender is cleared to pay dividends again, banking and political sources told Reuters. Without regulatory approval to pay dividends, Lloyds shares are not expected to rise to a level that would enable UK Financial Investments, which...

  • TORONTO, Oct 1- Royal Bank of Canada has decided not to divest its U.S. proprietary trading arm in its current form but will work to comply with new regulations there, the lender said on Wednesday. Canada's largest bank by market capitalization said it has been actively working to restructure the proprietary trading business- which uses the bank's own funds- to...

  • 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.

  • WASHINGTON, Sept 17- The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on debts.

  • WASHINGTON, Sept 17- The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on debts.

  • Sept 11- The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.

  • Sept 8- Clinical research company PRA Health Sciences Inc filed with U.S. regulators on Monday to raise up to $375 million in an initial public offering of its common stock. Jefferies LLC, Citigroup Inc, KKR& Co and UBS Investment Bank are among the underwriters of the offering, the company said in a filing with the U.S. Securities and Exchange Commission.

  • Past attempts by the SEC and the Financial Industry Regulatory Authority to improve disclosure and end certain incentive payments have faltered.

  • WASHINGTON, Sept 3- The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.

  • WASHINGTON, Sept 3- The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.

  • 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.