Legislation Regulations

More

  • BEIJING, July 27- China is considering rules to restrict investments by small banks in the country's $3.5 trillion wealth management product industry, draft rules seen by Reuters show, as concerns rise they are taking increasing risks. Draft rules from the China Banking Regulatory Commission, seen by Reuters on Wednesday, target riskier assets most often...

  • LONDON/ MILAN, July 27- Banca Monte dei Paschi di Siena has asked at least eight banks to guarantee a five billion euro cash call as Italy's third-largest bank races against the clock to comply with regulators' demands to strengthen its balance sheet, a source familiar with the matter told Reuters. JPMorgan and Mediobanca, who are leading the fund raising as global...

  • Lumber Liquidators has been facing heat not just from regulators but also from consumers and shareholders after CBS's "60 Minutes" report alleged in March last year that the company had sold flooring with dangerously high levels of formaldehyde. However, net loss narrowed to $12.2 million, or 45 cents per share, in the second quarter from $20.3 million, or 75...

  • SHANGHAI, July 27- China stocks closed sharply lower on Wednesday, with major indexes suffering their worst daily losses in six weeks, as investors sold off on worries that regulatory changes are coming. That appeared to add force to media reports that regulators were preparing to restrict China's vast retail wealth management sector from buying stocks.

  • Banks have been regulated out of existence: CIO

    Chris Darbyshire, CIO of Seven Investment Management, says banks can't fulfill their role in the economy due to excessive regulations.

  • What's the outlook for Deutsche Bank?

    Chris Wheeler, banking analyst at Atlantic Equities, discusses Deutsche Bank, the banking sector and the upcoming stress tests.

  • SHANGHAI, July 27- China stocks tumbled on Wednesday, led by small cap shares, on fears of tighter regulatory restrictions. China CSI300 stock index futures for August fell 2.6 percent, to 3,154.8, -38.94 points below the current value of the underlying index. "Some speculators used yesterday's political bureau statement on' curbing asset bubbles' as an excuse to...

  • State Street is paying at least $382.4 million under the settlement with the Department of Justice, to settle allegations that it deceived some clients of its indirect foreign currency exchange services, the Department of Justice said in a statement. The amount includes $155 million to be paid to the Justice Department, $167.4 million in disgorgement and...

  • SHANGHAI, July 27- China's securities regulator has asked firms to curb the use of borrowed money when participating in secondary private equity placements, the China Securities Journal reported on Wednesday, citing anonymous investment banking sources. In a recent training session given by the China Securities Regulatory Commission, firms were given "...

  • *LG building a new production line in South Korea. SEOUL, July 27- South Korea's LG Display Co Ltd said on Wednesday it will invest 1.99 trillion won to boost capacity for flexible organic light-emitting diode displays, its latest attempt to meet growing demand from mobile device makers. LG, in a regulatory filing, said it was building a new production line for...

  • July 26- Fiat Chrysler Automobiles announced changes in the way it reports U.S. vehicle sales on Tuesday amid an investigation by federal authorities into claims of inflated sales figures. The maker of Jeep and Dodge vehicles said earlier this month that it was cooperating with investigations by the U.S. Justice Department and the Securities and Exchange...

  • WASHINGTON, July 26- A record 64 percent of U.S. private sector workers are now entitled to sick leave, marking a steady rise in the past decade, the Labor Department said on Tuesday. The Labor Department said in a blog post that the percentage of workers with at least one day of sick leave had risen 3 points in the past year, and is up 7 percentage points since 2006..

  • The company confirmed a week ago that U.S. regulators were investigating claims by two Chicago- area dealerships that they had been forced by Fiat Chrysler officials to falsify sales reports. An internal review at Fiat Chrysler had found that its U.S. sales figures were inflated by 5,000 to 6,000 vehicles, Automotive News reported on Monday, citing company...

  • *Lowers dollar impact on 2016 profit by 5 cents/ shr. *Q2 earnings/shr $1.24 vs estimate $1.10. DuPont and Dow have offered concessions in a bid to allay EU antitrust concerns about their proposed $130 billion merger, according to a filing on the European Commission's website.

  • LONDON, July 26- Britain's biggest telecoms operator BT avoided being broken up on Tuesday when the regulator proposed putting the firm's network into a legally separate company within the wider group in a bid to improve broadband coverage. Britain currently ranks favourably with its European peers in terms of broadband speeds and costs, but with much of the...

  • RIO DE JANEIRO, July 26- Brazilian interim President Michel Temer vetoed a provision of a bill allowing foreign investors to own up to 100 percent of Brazilian-flag airlines, according to a note published in Brazil's official government newspaper on Tuesday. The veto only affects one part of a package of aviation industry regulations aimed at boosting the...

  • BRUSSELS, July 26- EU antitrust regulators on Tuesday accepted Paramount Pictures' concessions to end anti-competitive movie-licensing deals with British pay-TV group Sky UK, but said the case against five other Hollywood studios would continue. The U.S. studio's offer came after the European Commission in July last year accused it of preventing viewers...

  • *BT avoids break-up after year-long investigation. LONDON, July 26- Britain's telecoms regulator ordered BT on Tuesday to run its network division as a separate company within the group, to improve national broadband coverage and avoid the need for a full break-up of the firm. Rivals to Britain's biggest telecoms group have for years accused BT of using the...

  • LONDON, July 26- British regulator Ofcom on Tuesday said BT's network division should become a legally separate company within the telecoms group, to improve broadband coverage and avoid the need for a full break-up of the firm. Rivals to Britain's biggest telecoms groups had lobbied hard to persuade Ofcom that competition would be best served by completely...

  • PUERTO MONTT, Chile, July 25- Chile's farmed salmon production could drop by almost 25 percent because of stricter regulations aimed at tackling environmental crises that have decimated fish populations in recent years, government and industry sources say. The specter of a permanent drop in production in Chile, home to the second largest salmon farming...