Edition:
United States

Pete Schroeder

U.S. House panel's top Democrat, Republican seek executive trading oversight

Jan 18 2019

WASHINGTON The top Democrat and Republican on the House Financial Services Committee are sponsoring legislation directing a regulatory review of some corporate executive investment plans, as the banking panel starts its 2019 work on a bipartisan note.

Shutdown is starting to hurt Trump's financial deregulation agenda

Jan 17 2019

WASHINGTON The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.

UPDATE 1-U.S. business optimism ebbs amid headwinds; job market tight -Fed

Jan 16 2019

WASHINGTON, Jan 16 Businesses across the United States have become less optimistic in recent months, the Federal Reserve said on Wednesday in its latest report on the economy that lends new color to Fed Chair Jerome Powell's pivot to more "patience" on interest rate hikes.

U.S. labor market tightens, wages grow moderately: Fed Beige Book

Jan 16 2019

WASHINGTON Labor markets tightened across the United States as businesses struggled to find workers at any skill level and wages generally grew moderately, the Federal Reserve said on Wednesday in its latest report on the economy.

Fintech firms want to shake up banking, and that worries the Fed

Jan 14 2019

WASHINGTON The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc ONDK.N or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.

Fintech firms want to shake up banking, and that worries the Fed

Jan 14 2019

WASHINGTON The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.

RPT-Fintech firms want to shake up banking, and that worries the Fed

Jan 14 2019

WASHINGTON, Jan 14 The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.

FDIC chair says no concerns about U.S. bank health amid market turmoil

Jan 03 2019

WASHINGTON A top U.S. bank regulator said on Thursday she had no concerns that volatility in the equities and futures markets posed a threat to the banking system, telling Reuters the country's lenders have plenty of capital to weather further market swings.

JPMorgan to pay more than $135 mln for improper handling of ADRs

Dec 26 2018

WASHINGTON JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday.

Democratic lawmaker to call Trump chief of staff to testify on consumer issues

Dec 20 2018

WASHINGTON A top House of Representatives Democrat said Thursday she wants President Donald Trump's new chief of staff, Mick Mulvaney, to testify before her committee about his work overhauling the U.S. consumer watchdog.

World News

Erdogan: Turkey is ready to take over Syria's Manbij

Turkey is ready to take over security in Syria's Manbij, where four U.S. citizens died in an Islamic State-claimed bombing last week, President Tayyip Erdogan told U.S. President Donald Trump in a telephone call on Sunday, the Turkish presidency said.