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US News & Information
News and Information
December 9, 2014 Fed proposing big US banks boost capital cushionsSource: Washington Post
WASHINGTON — Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.
November 20, 2014 Stock Exchange Rules Get SEC Upgrade Aimed at Fewer FailuresSource: Bloomberg
The Securities and Exchange Commission voted unanimously today(Wednesday) to approve rules that will cover the Nasdaq Stock Market, the New York Stock Exchange and venues operated by Bats Global Markets Inc., as well as dark...
November 12, 2014 British, U.S. and Swiss Regulators Fine Big Banks $3.3 Billion in Foreign Exchange ScandalSource: NY Times
British, American and Swiss regulators fined five of the world’s biggest banks a combined $3.3 billion on Wednesday for conspiring to manipulate the foreign currency markets, the latest scandal to hit an industry facing increased...
November 7, 2014 Bank of America taking $400M litigation chargeSource: SF Gate
Bank of America Corp. said Thursday it is taking a $400 million charge in the third quarter to cover litigation costs related to a regulatory inquiry into the bank's foreign exchange business. The move follows similar disclosures...
October 29, 2014 U.S. attorney general says banks may face criminal cases soon
Yahoo Finance - WASHINGTON (Reuters) - The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said...
October 24, 2014 Fed to Stress-Test Banks for Dire Stock, Housing ScenariosSource: Bloomberg
The Federal Reserve said it will scrutinize how 31 large U.S. banks, including JPMorgan Chase & Co. and Citigroup Inc., would respond to a plunge in equity and housing prices and a sharp downturn in the global economy.
The Federal Reserve’s top official on regulation warned banks that more requirements, constraints and punishments will be on the way if lenders don’t do more to prevent misconduct. Daniel Tarullo, a governor at the Fed, blasted...
September 23, 2014 U.S. court finds Arab Bank liable for supporting terrorismSource: Fortune
A federal jury found on Monday that Arab Bank was liable for supporting terrorist efforts connected with Hamas. Earlier in July, Fortune reported on the U.S. Supreme Court’s refusal to hear an appeal by the bank, which is...
September 10, 2014 Holder says no company 'too big to jail' in banking investigation
PITTSBURGH TRIBUNE-REVIEW - WASHINGTON â The Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, Attorney General Eric Holder said in...
September 10, 2014 Fed proposes higher capital rule for largest banksSource: Channel News Asia
US regulators plan to raise capital requirements for the largest banks above global standards to ensure they do not place the financial system at risk, a top central banker said on Tuesday
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