Regulatory News

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Fed vows review of regulatory gaps for bank commodity arms


WASHINGTON - A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks.

Chrysler says it will speed up recall repairs for Jeep SUVs

- Chrysler Group LLC said on Friday it was not satisfied with the speed of repairs of recalled Jeep SUVs that face a heightened fire risk and will enhance dealer communication and owner contact to accelerate the process.

Breakingviews 21 Nov 2014

Aviva says will compensate customers sold wrong annuities

LONDON - British insurer Aviva plc said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.

Breakingviews 22 Nov 2014

Any new U.S. Internet rules must withstand lawsuits: FCC chief

WASHINGTON - U.S. regulators expect Internet service providers to sue the government over any changes in the way they are regulated and must reevaluate any proposals to make sure they stand up in court, Federal Communications Commission Chairman Tom Wheeler said at a meeting on Friday.

Tech, Breakingviews, U.S., Media 21 Nov 2014

Samsung files ITC complaint to block Nvidia chips from U.S.: Bloomberg

- South Korea's Samsung Electronics Co Ltd has filed a complaint with the U.S. International Trade Commission seeking to block computer-graphics chips made by Nvidia Corp from the U.S. market, Bloomberg reported.

Breakingviews, Tech 21 Nov 2014

Ex-CFO of China's Longtop found liable in rare U.S. investor trial

NEW YORK - A U.S. jury found that a former Longtop Financial Technologies chief financial officer was reckless in making untrue statements or omitting facts about the Chinese technology company, a rare verdict among securities class actions.

Breakingviews 21 Nov 2014

Credit Suisse ordered to pay $1.8 billion to finalize U.S. guilty plea

NORFOLK Va. - A U.S. judge on Friday accepted Credit Suisse's guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution.

Breakingviews 21 Nov 2014

NYC pays former fast-food worker $437,000 to settle Big Mac glass case

NEW YORK - A former McDonald's Corp worker accused and later cleared of putting glass shards in a police officer's hamburger will be paid a $437,000 settlement by the city of New York, authorities said on Friday.

U.S., Breakingviews 21 Nov 2014

Confusion over leveraged loans despite regulators' insight

NEW YORK - Regulators' attempts to clarify U.S. leveraged lending guidelines have answered some questions raised by banks, but also added fresh layers of complexity into loan underwriting decisions, banking sources said.

Breakingviews 21 Nov 2014

Merchant banking rules review should go beyond commodities: Fed

NEW YORK - U.S. regulators should review merchant banking guidelines for all activities, not just in commodities, Federal Reserve Governor Daniel Tarullo said on Friday at a Senate subcommittee hearing on Wall Street's involvement with physical commodities.

Breakingviews 21 Nov 2014

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