×

Congress Financial Reform

  • Washington, June 13- Wall Street banks on Tuesday cheered U.S. The Trump administration has said the bulk of its plan for overhauling bank regulation can be done via executive order and through regulators, rather than requiring legislation from Congress. Trump has gradually been nominating heads of financial agencies, but only Treasury Secretary Steven...

  • The nearly 150- page report suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • June 12- The U.S. Treasury Department unveiled a sweeping plan on Monday to upend regulations put in place after the 2008 financial crisis in ways that would reduce the authority of a consumer protection agency and grant Wall Street banks more flexibility in their trading businesses. President Donald Trump has gradually been nominating heads of financial...

  • June 12- Social Finance Inc, the online lender known as SoFi, said on Monday it applied for a new bank charter with the U.S. Federal Deposit Insurance Corp.. The company has applied for an industrial loan bank charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its address. SoFi Bank will operate as an online-only institution, with no...

  • DUBLIN, June 12- Shares in Allied Irish Banks will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros, Ireland's finance ministry said in a statement. The Finance Ministry said the long long-awaited sale of a 25 percent stake in the state-owned lender was still...

  • DUBLIN, June 12- Shares in Allied Irish Banks will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros, Ireland's finance ministry said in a statement.

  • DUBAI, June 12- Egypt's EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters on Monday. As well as Nigeria, Kenya and Pakistan, EFG is also eyeing expansion into Bangladesh and Vietnam, said Khalpey,...

  • DUBAI, June 12- Egypt's EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters on Monday. As well as Nigeria, Kenya and Pakistan, EFG is also eyeing expansion into Bangladesh and Vietnam, said Khalpey,...

  • MUMBAI, June 6- India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said. The Securities and Exchange Board of India is probing whether NSE employees gave some algorithmic and...

  • MUMBAI, June 6- India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said. The Securities and Exchange Board of India is probing whether NSE employees gave some algorithmic and...

  • The UAE, Saudi Arabia, Egypt and Bahrain cut diplomatic and transport links with Qatar on Monday, accusing it of supporting terrorism. Bankers Reuters spoke to in Saudi Arabia and the UAE said they were waiting for guidance from their respective regulators before taking any action on Qatari business. One of the sources in the UAE, speaking anonymously under...

  • Lenders not supervised by Canada's main financial regulator already account for around 15 percent of new mortgages in Canada and Home Capital's near-collapse five weeks ago has seen some of them inundated with more new business. "Private lenders are taking the deals now turned away by Home Trust," said Louis Glazer, a Montreal- based mortgage broker who...

  • *First stake in bank could raise about 3 billion euros. DUBLIN, May 30- Ireland launched its long-awaited initial public offering of state-owned Allied Irish Banks on Tuesday, offering a 25 percent stake in what is set to be one of Europe's largest bank listings since the 2008 financial crisis. The sale could raise about 3 billion euros, taking into account the...

  • DUBLIN, May 30- Ireland launched its long-awaited initial public offering of state-owned Allied Irish Banks on Tuesday, offering a 25 percent stake in what is set to be one of Europe's largest bank listings since the 2008 financial crisis. Dublin rescued the bank in a 21 billion euro taxpayer bailout which began in early 2009 and has been considering partly...

  • SAO PAULO, May 29- Brazilian healthcare services provider Notre Dame Intermédica Sistema de Saúde SA on Monday filed for regulatory clearance to launch an initial public offering, the latest in a wave of stock listings in Latin America's largest economy after a years-long drought. The investment banking unit of Itaú Unibanco Holding SA will act as lead...

  • LONDON, May 25- Global regulators will soon finalize a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks to try to boost lending to the economy, and threats by the European Union to stop the new...

  • LONDON, May 25- Global regulators will soon finalise a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks to try to boost lending to the economy, and threats by the European Union to stop the new...