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US News & Information
News and Information
July 21, 2015 Big Banks’ Stress Level Is RisingSource: Wall Street Journal
Big banks scored a minor regulatory victory Monday. But this may be overshadowed by comments from Federal Reserve officials indicating that annual stress tests could become even more stringent.
Source: International Business Times
A dozen of the largest Wall Street banks on Monday published detailed plans to show how they would shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by...
Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganize the bank.
Source: SF Gate
LOS ANGELES — Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city...
April 2, 2015 U.S. says HSBC must do more to improve complianceSource: Reuters
HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday.
March 19, 2015 House Republicans take aim at Dodd-Frank in budget planSource: Reuters
Republican lawmakers took aim at the Dodd-Frank Wall Street reform law Tuesday, unveiling a plan that would gut regulators’ authority to manage the collapse of big banks and give Congress direct control of the U.S. consumer...
Source: Irish Times
Commerzbank agreed to pay $1.45 billion to settle multiple US investigations, closing the door on half a decade of legal woes over claims of sanctions violations and its role in one of Japan’s biggest accounting scandals.
March 6, 2015 U.S. banks pass Fed capital test, trading books hurtSource: Reuters
All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up.
March 5, 2015 Fed’s stress tests questioned on eve of resultsSource: MarketWatch
Just before the Federal Reserve releases the first round of its 2015 “stress tests” another government agency is questioning the way the annual exercises are run. The Office of Financial Research, a new arm of the Treasury...
February 26, 2015 New York surveying banks on cybersecurity defensesSource: SF Chronicle
ALBANY, N.Y. — New York financial regulators are considering tougher cybersecurity requirements for banks to mandate more complex computer sign-ins and certifications from the contractors of their cyberdefenses, the state's top...
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