GO
Loading...

Enter multiple symbols separated by commas

Financial Reform

More

  • NEW YORK, Jan 16- Exchange operator BATS Global Markets is in discussions to buy institutional foreign exchange trading platform Hotspot from KCG Holdings Inc for nearly $400 million, three sources close to the situation said on Friday. The $5 trillion- a-day foreign exchange market has been the focus of a probe by regulators in Britain following allegations...

  • Jan 16- Two online payday lending companies linked to a professional racecar driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that they engaged in deceptive practices, the Federal Trade Commission said on Friday. The settlement with Kansas- based AMG Services Inc, which serviced the loans, and MNE Services Inc, which lent to...

  • WASHINGTON, Jan 14- Fannie Mae and Freddie Mac's regulator hinted on Wednesday that credit standards could be eased when it laid out the 2015 goals for U.S. mortgage companies. It also called on Fannie Mae and Freddie Mac to provide clarity on what is expected from mortgage loan servicers and to "enhance eligibility standards." Under Watt's leadership, the FHFA...

  • JOHANNESBURG, Jan 14- South Africa's credit regulator has referred small lender Ubank to a consumer tribunal, recommending it should be fined for reckless lending and forced to change its business practices. The move comes just months after another South African bank, African Bank Investments, had to be rescued by the central bank following reckless lending...

  • JOHANNESBURG, Jan 14- South Africa's credit regulator has referred small lender Ubank to a consumer tribunal, recommending it should be fined for reckless lending and forced to change its business practices. The move comes just months after another South African bank, African Bank Investments, had to be rescued by the central bank following reckless lending...

  • Jan 13- California is seeking to suspend Ocwen Financial Corp's license to operate in the state, saying the mortgage collection company failed to submit papers showing that it complies with laws, state regulators said. California's Department of Business Oversight, which licenses non-bank mortgage lenders and servicers, said it started asking Ocwen for...

  • WASHINGTON, Jan 12- The U.S. Supreme Court on Monday declined to hear an appeal filed by several banks objecting to a lawsuit filed by a federal regulatory agency over their alleged role in selling mortgage-backed securities to now-failed credit unions. The litigation against the lenders, including units of Royal Bank of Scotland PLC and Wells Fargo& Co, can now...

  • Cyprus: Out of the danger zone? Monday, 12 Jan 2015 | 4:50 AM ET
    Cyprus: Out of the danger zone?

    Panicos Demetriades, former Cyprus central bank governor and professor of financial economics at the University of Leicester, discusses the country's economy and its reform plans, ahead of the first ECB meeting of 2015.

  • Nasdaq eyes running dark pools for banks - WSJ Monday, 12 Jan 2015 | 12:15 AM ET

    Jan 12- Nasdaq OMX Group has approached several big banks with a proposal to take over the operation of their so called "dark pools," and plans to seek regulatory permission to do so, the Wall Street Journal reported, citing Nasdaq Chief Executive Robert Greifeld. Last month, Citigroup Inc said it would shut down its alternative stock trading venue LavaFlow, at a time...

  • Here's the key to global growth: Treasury official Wednesday, 7 Jan 2015 | 1:01 PM ET
    Global network

    As the global coalition for growth expands, it's important that each new addition adds value and has a clearly defined role, says this Treasury official.

  • Jan 6- Sales of so-called "smart beta" funds, the fastest-growing segment of the exchange-traded fund market, are among the issues Wall Street's private watchdog will review in its 2015 examinations of U.S. brokerages, the regulator said on Tuesday. The Financial Industry Regulatory Authority is concerned about how market swings affect indices tied to the...

  • Italian reforms: A step in the right direction? Monday, 15 Dec 2014 | 4:30 AM ET
    Italian reforms: A step in the right direction?

    Italian Prime Minister Matteo Renzi's labour reforms are a "step in the right direction", according to Anatoli Annenkov, senior European economist at Societe Generale, who argues that much more is needed, nevertheless.

  • QE isn't the answer for Europe Tuesday, 2 Dec 2014 | 4:00 AM ET
    Sovereign QE isn't the answer for Europe

    Continued reform and measures to encourage banks to lend in Europe would be better than outright sovereign quantitative easing says Paras Anand, head of European equities at Fidelity Worldwide Investment.

  • ECB will fulfil its mandate: France's Macron Friday, 28 Nov 2014 | 4:00 AM ET
    ECB will fulfil its mandate: France's Macron

    The European Central Bank will fulfil its mandate in the next weeks, says Emmanuel Macron, French economy minister, adding that France will put forth further reforms to parliament.

  • A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • Banker pay must stop encouraging misconduct: Carney Monday, 17 Nov 2014 | 2:31 AM ET
    Mark Carney, governor of the Bank of England, at the bank's quarterly inflation report news conference in London, on Wednesday, Aug. 13, 2014.

    Repeated scandals at banks' trading desks show the sector's compensation must be regulated to stop encouraging misconduct, BOE Gov. Mark Carney said.

  • Lloyds bank to cut 9,000 jobs: Sources Thursday, 23 Oct 2014 | 1:24 AM ET

    Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.

  • 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.