Edition:
United States

Michelle Price

U.S. fines Deutsche Bank $16 million to settle China, Russia corruption charges

Aug 23 2019

WASHINGTON Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S. regulator said in a statement.

As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements

Aug 22 2019

WASHINGTON U.S. mortgage firms are getting back into joint marketing and advertising arrangements, reviving a controversial practice that was effectively banned in the aftermath of the 2007-2008 subprime mortgage crisis.

U.S. markets regulators reach deal on Dodd-Frank swaps capital rules

Jun 21 2019

WASHINGTON U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a key piece of the 2010 Dodd-Frank law introduced following the 2007-09 financial crisis.

U.S. markets regulators reach deal on Dodd-Frank swaps capital rules

Jun 21 2019

WASHINGTON, June 21 U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a key piece of the 2010 Dodd-Frank law introduced following the 2007-09 financial crisis.

U.S. senator queries MSCI over inclusion of Chinese shares in major benchmark

Jun 13 2019

WASHINGTON, June 13 U.S. Senator Marco Rubio has written to the CEO of global index provider MSCI Inc seeking information on why the company has included certain Chinese stocks in its widely tracked emerging market index, his office said on Thursday.

U.S. bank regulator will vet next Wells Fargo CEO

May 15 2019

WASHINGTON A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan.

U.S. bank regulator will vet next Wells Fargo CEO

May 15 2019

WASHINGTON, May 15 A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan.

Trump may be trying to make everyone 'crazy' with sanctuary cities threat: Sen. Rick Scott

Apr 14 2019

WASHINGTON President Donald Trump may have threatened to transport illegal immigrants to so-called sanctuary cities to "make everybody crazy" and generate media attention, Republican U.S. Senator Rick Scott said on Sunday.

Fed urges U.S. financial industry to accelerate Libor transition

Apr 10 2019

WASHINGTON The U.S. financial industry must accelerate efforts to move away from the scandal-plagued Libor reference interest rate, Federal Reserve Governor Randal Quarles said on Wednesday, adding that the regulator was scrutinizing banks' transition plans.

U.S. consumer watchdog says 'all options on table' for enforcing Wells Fargo order

Apr 09 2019

WASHINGTON/NEW YORK The U.S. Consumer Financial Protection Bureau (CFPB) has told Congress that "all options are on the table" for enforcing a 2018 consent order against Wells Fargo, raising the prospect of potential future penalties or other sanctions against the bank.

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