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Congress Financial Reform

  • Mexico's Finance Ministry and banking regulator CNBV said in a statement that the license for KEB Hana Bank was formally approved on Friday and the new lender will mainly focus on corporate finance and international trade between South Korea and Mexico.

  • BRIGHTON, England, Sept 25- Britain's opposition Labour Party set out plans on Monday to nationalise billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations. Although no election is due until 2022, it is preparing for Theresa May's Conservative minority government to...

  • BRIGHTON, England, Sept 25- Britain's opposition Labour Party set out plans on Monday to nationalize billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations. Although no election is due until 2022, it is preparing for Theresa May's Conservative minority government to...

  • LONDON, Sept 25- Britain's financial watchdog rejected calls to cap interest rates charged on credit cards on Monday, saying that planned measures to help people avoid excessive debt should be given time to work. "We are not there at the moment," Andrew Bailey, chief executive of the Financial Conduct Authority, said in response to calls from Britain's Labour...

  • Sydney, Sept 25- Australia's prudential regulator should be given powers as soon as October to cap bank executives' salaries, delay their bonuses and drive them out of the industry if they were guilty of wrongdoing, Treasurer Scott Morrison said on Monday. "I know the banks don't want many of the elements of this legislation but I'm not about to give them three...

  • Sydney, Sept 25- Australia's prudential regulator should be given powers as soon as October to cap bank executives' salaries, delay their bonuses and drive them out of the industry if they were guilty of wrongdoing, Treasurer Scott Morrison said on Monday. Australia's biggest banks have gone through a tumultuous period peppered with allegations of misleading...

  • WASHINGTON, Sept 22- The U.S. Commodity Futures Trading Commission ordered Merrill Lynch, Pierce, Fenner& Smith Inc to pay a $2.5 million civil penalty on Friday for record-keeping violations and failing to properly supervise its traders in 2010.. The settlement followed probes in 2009 and 2010 by CME Group into the firms trading in U.S. dollar interest rate...

  • Ahead of the German election this weekend, a politician told CNBC that the country wants a working Europe.

  • By Lisa Lambert and Patrick Rucker. WASHINGTON, Sept 21- The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with Wall Street, former agency officials and lawyers said this week. The credit-reporting company is subject to five federal laws governing listed companies, the use of...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • SYDNEY, Sept 21- Commonwealth Bank of Australia said on Thursday it had agreed to sell its life insurance arm to Hong Kong's AIA Group Ltd for $3.05 billion, in the biggest Asian buyout of an Australian financial services firm. CBA also flagged a possible wealth management IPO as Australia's major lenders come under regulatory pressure to boost capital in the...

  • WASHINGTON, Sept 18- Lobbyists and Republican lawmakers are gearing up for battle over a new U.S. regulation that is likely to dent profits in the $6 billion short-term, high-interest "payday" loan industry. The Consumer Financial Protection Bureau is expected in coming days to release a long-anticipated rule curbing payday lending, now that a final review by...

  • *Two senators urge Social Security to nullify Equifax contract. Warren, who has built a reputation as a fierce consumer champion, also signaled in a letter to the Consumer Financial Protection Bureau, the agency she helped create in the wake of the 2007-2009 financial crisis, that it may require extra powers to ensure closer federal oversight of credit...

  • President Donald Trump at the White House in Washington, September 12, 2017.

    President Trump is on course to ring in the new year without having passed almost any of his campaign promises into law, according to a new survey conducted by CNBC.

  • WASHINGTON, Sept 14- The U.S. consumer financial watchdog agency issued its first "no-action letter" on Thursday to a lending platform that uses unconventional credit-scoring methods, as it seeks ways for consumers with short credit histories to find affordable loans. The Consumer Financial Protection Bureau told Upstart Network Inc., a Silicon Valley...