Ingves gets extended mandate to serve as Basel Committee chairman
Swedish central bank governor Stefan Ingves has received an extended mandated to serve as chairman of the Basel Committee, the country's central bank said in a statement on Monday. His extended term,...
View ArticleU.S. may refuse to apply global insurance capital rules
The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on...
View ArticleFINRA pulls U.S. broker pay disclosure rule; will refile
The Financial Industry Regulatory Authority has withdrawn a proposal that would require brokers to disclose to customers signing bonuses and other compensation they receive to move to a new firm, but...
View ArticleU.S. to resolve probes of financial firms in coming months, says Holder
U.S. Attorney General Eric Holder said on Monday the Justice Department expects to resolve more probes of financial firms in the coming months as part of its wide-ranging consumer fraud investigation....
View ArticleObama meets with CEOs of Goldman Sachs, others, on family issues
President Barack Obama met with Goldman Sachs chief executive Lloyd Blankfein, Johnson & Johnson chief Alex Gorsky and other business leaders on Monday to discuss ways to encourage companies to...
View ArticleMBIA says Credit Suisse hid crucial documents in U.S. mortgage case
Credit Suisse Group AG has withheld many key documents from MBIA Inc. in a lawsuit accusing the Swiss bank of lying about how it processed loans used in mortgage-backed securities, and it should be...
View ArticleU.S. House bill calls for CFTC to review metals warehouse oversight
The U.S. commodities regulator will have to carry out a review of metals warehousing if a bill before the U.S. House of Representatives is passed, the latest sign of intense U.S. political pressure...
View ArticleFutures monitor says No to credit cards for retail forex transactions
National Futures Association, or "NFA," the futures industry funded self-regulatory organization, has approved banning the use of credit cards to fund retail foreign exchange ("forex") and futures...
View ArticleConsider self-reporting as the first resort, SEC's White tells corporate...
Even if a company uncovers a serious but nonmaterial potential violation that does not require public disclosure, the company and its directors should consider self-reporting to the Securities and...
View ArticleU.S. top court adds limit to securities class actions
The U.S. Supreme Court on Monday made it harder for investors to band together to pursue securities fraud lawsuits against publicly traded companies, but stopped short of issuing a decision that could...
View ArticleEXCLUSIVE: IRS agents traveled to Macau as U.S. anti-laundering unit...
Agents of the Internal Revenue Service's criminal investigation unit recently traveled to Macau and gathered information about international money flows into U.S. casinos, sources familiar with the...
View ArticleIran seeks to resolve HSBC freeze on some trade financing -sources
Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar...
View ArticleEx-Credit Suisse trader spared prison for faking mortgage prices
A former London-based Credit Suisse Group AG trader was spared prison on Tuesday over his role in artificially inflating subprime mortgage bond prices, in one of the few U.S. criminal prosecutions...
View ArticleEXCLUSIVE: BNP said to move compliance operations to U.S. as settlements nears
BNP Paribas SA is relocating its U.S. sanctions compliance operations to New York from Paris, ahead of a nearly $9 billion settlement it is expected to reach with U.S. authorities over violations of...
View ArticleU.S. housing finance regulator should consider suing firms-watchdog
A U.S. housing regulator should consider directing government-controlled mortgage finance firms Fannie Mae and Freddie Mac to sue companies that sold them overpriced insurance, an internal watchdog at...
View ArticleGDF Suez faces CFTC market manipulation probe – report
The U.S. subsidiary of French energy firm GDF Suez SA has been under investigation by the U.S. Commodity Futures Trading Commission in recent months over its trading activity in the Texas power market,...
View ArticleSEC seeks restraining order against Illinois city's bond sale
The Securities and Exchange Commission is seeking an emergency restraining order to prevent a Chicago suburb from selling bonds this month, alleging in court documents filed on Tuesday that the city...
View ArticleBankers and regulators need to compromise and stop "haggling" over capital...
The ongoing debate between banks and international regulators over what constitutes the right amount of capital must become more realistic, with both sides acknowledging there is no ideal outcome, said...
View ArticleU.S. SEC adopts portion of cross-border derivatives rules
U.S. securities regulators adopted part of a long-awaited rule on Wednesday that spells out when foreign banking operations that deal in derivatives will be required to comply with new U.S. rules. The...
View ArticleRegions Financial to pay $51 million for alleged accounting misdeed
Regions Financial Corp, a large U.S. southeast regional bank, agreed to pay $51 million to settle federal and state allegations it failed to account properly for souring commercial loans during the...
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