WASHINGTON - Securities regulators will try to extract admissions of wrongdoing from defendants in some settlements, potentially resulting in more cases going to trial, Securities and Exchange Commission Chair Mary Jo White said Tuesday.
NEW YORK - Deloitte LLP's financial advisory unit will pay $10 million and refrain for one year from new business with certain New York banks to settle accusations over its review of money laundering controls at Standard Chartered Bank.
LONDON - Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday.
WASHINGTON - Oil refiner Tesoro Corp won approval from U.S. antitrust regulators to buy Northwest Products Pipeline system and related assets from Chevron Corp, on the condition it sells a petroleum terminal in Boise, Idaho.
WASHINGTON - A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
NEW YORK - A regional director for the securities industry's self-regulatory agency resigned several weeks after the organization received a letter revealing the official had pleaded guilty two decades ago to charitable bingo fraud.
- Medical device maker Uroplasty Inc said it placed Chief Financial Officer Mahedi Jiwani on administrative leave pending a review of internal financial controls, and would delay filing its annual report for the year ended March 31.
- The Securities and Exchange Commission has settled civil charges accusing eight former directors of Morgan Keegan bond mutual funds of failing to police the portfolio managers they oversaw, allowing toxic mortgage assets to be overvalued prior to the financial crisis.
WASHINGTON - Democratic Senator and Wall Street critic Elizabeth Warren is urging federal regulators to "show some backbone" and stick to their proposal for how new derivatives rules will apply to foreign banks who do business with U.S. companies.
- The Securities and Exchange Commission charged Revlon Inc with misleading shareholders about a transaction with its controlling shareholder, billionaire Ronald Perelman, and the cosmetics company agreed to pay a fine of $850,000.
- Financial: PRESS DIGEST-New York Times business news - June 19
- Technology: PRESS DIGEST - Wall Street Journal - June 19
- Healthcare: Call for overhaul of drug industry business model
- Consumer: PRESS DIGEST - British Business - June 19
- Energy: California senators want more information on oil well 'acid jobs'
- Industrials: Super fast traders seeking potential merger -WSJ
- M&A: UPDATE 3-Australian tycoon Tinkler sells out of Whitehaven Coal
- Bankruptcy: UPDATE 1-FCC to take 289 mln euro hit on Alpine insolvency
- IPOs: UPDATE 1-Deutsche Annington puts 18-21 euro price tag on listing
- Private Capital: BRIEF-Cabot Square agrees 35 mln stg sale of Key Retirement Solutions
- Hedge Funds: Hedge funds brace for renewed debt crisis
The liquidation authority and the living will ideas suffer from a dilemma, in that the regulators will be reluctant in publicly announcing an institution’s financial death as this may cause a run on other institutions.
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- Fed seen keeping options open on pace of bond buying
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- United States to meet Taliban to seek Afghan peace |
- Rohani once approved of hiding Iran atomic work
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- Republican-led House passes bill restricting abortion
- Analysis: French EU-wariness complicates life for Hollande
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- WikiLeaks' Assange fears U.S., says will stay in embassy |