Regulatory News

Topics also related to Regulatory News Sections:

Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT


WASHINGTON - U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday.

MasterCard, Target data breach settlement falls apart

- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday.

Breakingviews 22 May 2015

Senate rejects trade bill currency rules mandating sanctions

WASHINGTON - The U.S. Senate on Friday rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners.

Breakingviews, Politics 22 May 2015

Citi fails to win $270 million order vs Mercuria in metals financing case

LONDON - U.S. bank Citigroup Inc failed on Friday in a bid to win an order from a London court that would force trade house Mercuria to pay about $270 million in potential losses for metals financing deals in China hit by suspected fraud.

Breakingviews 22 May 2015

Lawsuit revived against big debt collection firm in New York

- A federal appeals court on Friday made it easier for consumers to challenge interest rates in debt collection cases, as it revived a lawsuit in New York against units of Encore Capital Group Inc, one of the largest U.S. debt collectors.

Breakingviews 22 May 2015

Global regulators to meet in London, fix rules after rigging scandals

LONDON - Global regulators meet in London next month to try to tighten their grip on markets after banks were fined billions of dollars for manipulating interest rates and currencies, Britain's top financial supervisor said.

Breakingviews 22 May 2015

UK watchdog probes bank competition in bond, share sales

LONDON - Britain's financial markets watchdog will for the first time investigate whether banks are offering firms a fair and transparent service for the billions they earn in fees for arranging mergers and bond and share sales.

Breakingviews 22 May 2015

EU rejects Italy's request for $800 million special VAT measure

BRUSSELS - The European Commission rejected a request by Italy to authorize a value-added tax (VAT) measure for large retailers that was expected to have raised 700 million euros ($800 million) and reduced tax evasion.

Breakingviews 22 May 2015

EU executive calls for review of bloc's insurance rules

LONDON - The European Union's financial services chief said on Friday he has asked the bloc's insurance watchdog to look at ways to change EU insurance rules to help encourage investment.

Breakingviews 22 May 2015

Hong Kong watchdog chief warns investors on trading "miracle" stocks

HONG KONG - Hong Kong's Securities regulator warned investors on Friday against trading stocks whose valuations bear little resemblance to their underlying business, in a week in which the financial hub has seen three spectacular stock meltdowns of companies fitting that pattern.

Breakingviews 22 May 2015

Topics also related to Regulatory News: