Regulatory News

Topics also related to Regulatory News Sections:

Barclays fined for lax crime checks in 'deal of century'


LONDON Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century."

EU lawmakers set up temporary tax-dodging panel amid criticism

BRUSSELS European lawmakers agreed on Thursday to set up a temporary committee to look into tax-dodging instead of extending the mandate of an earlier panel, drawing criticism that the new body could turn out to be toothless.

Breakingviews 1:13pm EST

German watchdog raids offices in specialty steel probe

DUESSELDORF, Germany Germany's antitrust authority said on Thursday that it had searched several offices and homes as part of an investigation of companies that make and sell special steel.

Breakingviews 2:34pm EST

Brazil arrests push Petrobras probe back to Rousseff's door

BRASILIA President Dilma Rousseff’s austerity program to fix Brazil's shaky finances is again in trouble after her point man in the Senate was arrested in a widening corruption scandal, and it could reignite calls for her impeachment.

Chilean businessman Bilbao fined $3.2 million for insider trading

SANTIAGO Chile's financial regulator said on Thursday it had fined Santiago-based businessman Juan Bilbao Hormaeche some $3.2 million for using insider information to trade shares of drug company CFR Pharmaceuticals SA.

Breakingviews 1:37pm EST

Britain sets 2018 deadline for claims in country's costliest bank scandal

LONDON Britons who were missold loan insurance, in what turned out to be the country's costliest consumer finance scandal, will have until 2018 to claim compensation under regulatory plans intended to draw a line under the issue.

Breakingviews, 7:40am EST

China regulator orders brokerages to halt swap lending: sources

SHANGHAI China's securities regulator has urged domestic brokerages to cease financing clients' stocks purchases through swaps and other over-the-counter contracts, two sources with direct knowledge told Reuters, its latest move to reduce leveraged financing risk in the country's stock markets.

Breakingviews 7:08am EST

Big banks accused of interest rate-swap fixing in U.S. class action suit

NEW YORK (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps.

Breakingviews 1:01am EST

Pimco, others sue Citigroup over billions in mortgage debt losses

Pacific Investment Management Co and other investors have sued Citigroup Inc over the bank's alleged failure to properly monitor toxic securities backed by more than $13.8 billion of mortgage loans, resulting in $2.3 billion of losses.

Money, Breakingviews, 25 Nov 2015

Jury convicts Connecticut man accused of running Ponzi scheme as teen

A Connecticut man was found guilty on Wednesday on charges he ran a Ponzi scheme while he was a teenager in which he falsely promised high investment returns by reselling electronics online and promoting concerts.

U.S., Breakingviews, 25 Nov 2015

Topics also related to Regulatory News: