BRUSSELS - JPMorgan , UBS and Credit Suisse were fined a total of 94 million euros ($120 million) by the European Commission for taking part in cartels in the financial sector.
NEW YORK - Shares of Ocwen Financial Corp tumbled on Tuesday after New York's financial regulator said the company, one of the largest U.S. collectors of mortgage payments, may have harmed hundreds of thousands of borrowers by sending letters about loan modifications and foreclosures that were dated months earlier.
WASHINGTON - U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis.
WASHINGTON - The director of the office of municipal securities at the Securities and Exchange Commission, John Cross, will leave his post in November to return to the U.S. Treasury Office of Tax Policy, the agency said on Tuesday.
NEW YORK - U.S. regulators including the Federal Deposit Insurance Deposit Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) are mandating that collateralized loan obligation (CLO) managers hold a stake of each deal on their books.
WASHINGTON - A former unit of Science Applications International Corp, which is now known as Leidos Holdings Inc, will pay $1.5 million to resolve allegations that it misled the U.S. Nuclear Regulatory Commission about its work related to contracts it held between 1992 and 2000, U.S. authorities said on Tuesday.
LONDON - European rules to cap bankers' bonuses at twice fixed pay are "a retrograde step" that could add to difficulty in recruiting staff to the industry, the head of Europe's biggest bank HSBC said on Tuesday.
NEW YORK/WASHINGTON - The Federal Reserve's New York branch knew about risks JPMorgan Chase & Co was taking with its massive "London Whale" derivatives bets four years before they imploded, but it failed to act properly to head them off, the U.S. central bank's inspector general said.
FRANKFURT - The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin purchases early next year, several sources familiar with the situation told Reuters.
LAS VEGAS - The regulator of Fannie Mae and Freddie Mac said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit.
- Financial: UPDATE 2-US regulators adopt new risk rules for securitization
- Technology: Mexico telecom watchdog: America Movil has not filed asset-sale plan
- Healthcare: UPDATE 1-AbbVie says $55 billion acquisition of Shire officially dead
- Consumer: UPDATE 1-EU says Honeywell, DuPont car refrigerant deal may be illegal
- Energy: Kinder Morgan Canada pipeline plans hits a mountain of opposition
- Industrials: Glass Lewis suggests Chiquita weigh alternatives to Fyffes deal
- M&A: Verizon CFO says not interested in America Movil assets -WSJ
- Bankruptcy: UPDATE 1-GT Advanced nears deal over Apple secrecy - lawyer
- IPOs: UPDATE 2-Britain closer to sale of RBS shares
- Private Capital: UPDATE 1-EQT frontrunner for Siemens hearing-aids business -sources
- Hedge Funds: Hedge fund exit requests drop to nine-month low