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Congress Financial Reform

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • WASHINGTON, April 24- Wells Fargo& Co has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the U.S. central bank said on Monday. In December, the Fed and Federal Deposit Insurance Corporation notified Wells Fargo that the bank's plan fell short. U.S. taxpayers had to prop up banks that were deemed "too big to...

  • President Donald Trump holds up a signed executive order entitled 'Comprehensive Plan for Reorganizing the Executive Branch' in the Oval Office of the White House in Washington, D.C., March 13, 2017.

    Trump has signed more than two dozen executive orders on issues ranging from border security to government restructuring and financial reform.

  • April 24- Canada's Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found, days after regulators accused the company of making "materially misleading statements" to investors. Shares of Canada's biggest non-bank mortgage lender fell as much as 5.7 percent to C $18.15 in morning trading.

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway, who has been accused by regulators of making "materially misleading statements" to investors, will step down from the board once a replacement is found. The Ontario Securities Commission on Wednesday accused Home Capital, Canada's biggest non-bank mortgage lender, of making "...

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway, who has been accused by regulators of making "materially misleading statements" to investors, will step down from the board once a replacement is found. The Ontario Securities Commission on Wednesday accused Home Capital, Canada's biggest non-bank mortgage lender, of making "...

  • How financial regulation and the French elections could impact the markets

    Financial regulation and the French election are in the spotlight. JPMorgan’s Bruce Kasman weighs in on the two market-moving events.

  • WASHINGTON, April 20- The U.S. Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp and its subsidiaries, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others their homes." Regulators from Wisconsin and more than 20 other state regulators have also issued...

  • *China pushing for Hong Kong listing in return for investment. HONG KONG/ RIYADH/ DUBAI, April 18- China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • April 13- U.S. stocks looked set to open lower on Thursday, following President Donald Trump's remarks on the U.S. dollar and interest rates, while investors assessed bank earnings. The results come after a frenetic rally in bank shares that started in November on bets that President Donald Trump would rein in banking regulations and introduce other business...

  • The banks have also questioned whether the country's Competition Commission can penalise banks which do not have subsidiaries or branches in South Africa, the sources said. The Competition Commission is seeking to impose fines on more than a dozen local and foreign banks that it alleges colluded to coordinate trading in the rand and the U.S. dollar.

  • DUBLIN, April 4- The scope for one European Union centre to undercut another through its interpretation of regulatory rules in a bid to win business after Brexit is limited, Ireland's central bank governor said on Tuesday. Ireland's government last month complained to the European Commission that rival centres were "offering a back door to the EU's single...

  • NEW YORK, March 30- The U.S. Financial Industry Regulatory Authority announced a new rule on Thursday that allows brokers to pause disbursements from client accounts if they suspect a client is suffering from dementia or being influenced by caregivers or scam artists. The rule, which will go into effect in February 2018, will also require brokerages to collect...

  • SHANGHAI, March 30- China's banking regulator is inspecting off-balance sheet risks at smaller regional banks, two sources told Reuters on Thursday, as China steps up checks on financial institutions in an effort to control risky lending. The China Banking Regulatory Commission is checking the size and potential risks from off-balance sheet activities...

  • InvestaBank halted the deal, announced at the end of October, after Carlos Djemal, a 25 percent stakeholder, was arrested in the United States and accused of laundering more than $100 million. Edgar Bonilla, vice president of legal affairs for the National Banking and Securities Commission, said in an interview that during the inspection of the bank, the...

  • As U.K. Prime Minister May begins the Brexit process on Wednesday, the financial center in London faces slow hemorrhaging, analysts said.

  • BEIJING, March 27- Industrial and Commercial Bank of China Ltd has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation, as an independent non-executive director. In November, Agricultural Bank of China Ltd agreed to pay a $215 million fine as part of a consent order published by New York's Department of Financial Services for...

  • The investors are asking a three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia to reconsider its earlier decision. Fannie Mae preferred gained about 1.6 percent to $6.86 a share while Freddie Mac preferred was up 3.1 percent to $3.17 a share. Instead, the Treasury Department required that the companies pay an amount equal to their...