Regulatory News

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In MF Global, JPMorgan again at center of a financial failure

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By Carrick Mollenkamp, Lauren Tara LaCapra and Matthew Goldstein

U.S. charges 7 in $62 million Dell insider-trading case 18 Jan 2012

NEW YORK - U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.

One million homeowners may get mortgage writedowns: U.S. 18 Jan 2012

WASHINGTON - About one million American homeowners would get writedowns in the size of their mortgages under a proposed deal with banks over shady foreclosure practices, U.S. Housing and Urban Development Secretary Shaun Donovan said on Wednesday.

Analysis: U.S. payday lenders point fingers to blunt crackdown 18 Jan 2012

WASHINGTON - Payday lenders facing oversight from the new consumer protection agency are warning that tough regulations may push customers into the arms of unscrupulous online lenders, in a pitch for lighter, or at least equal, new rules.

CME, ICE to propose post-MF Global rule changes 18 Jan 2012

CHICAGO - U.S. futures exchange operators led by CME Group Inc plan to propose ways to better safeguard customer funds, even as regulators still hunt for as much as $1.2 billion missing after last year's collapse of MF Global Holdings Ltd.

SEC charges BankAtlantic, CEO with fraud 18 Jan 2012

- BankAtlantic Bancorp Inc, a large Florida bank that once sued an industry analyst for defamation, and its chief executive were charged by a U.S. regulator with defrauding investors as problems mounted in a commercial real estate portfolio tied to residential housing.

Regulators say will strike balance on Volcker rule 18 Jan 2012

WASHINGTON - Regulators said on Wednesday they believe their agencies could implement a ban on proprietary trading without crushing banks' ability to buy and sell securities on behalf of customers. | Video

Two banks signal they may join mortgage deal 18 Jan 2012

- Two big regional U.S. banks on Wednesday disclosed they had set aside funds related to mortgage servicing matters, a sign that lenders beyond the five largest mortgage servicers may join a possible settlement to resolve allegations of mortgage abuses.

Democrats seek to subpoena FHFA for documents 18 Jan 2012

- Democratic members of a congressional oversight panel turned up the heat on the regulator of big mortgage finance companies Fannie Mae and Freddie Mac on Wednesday, seeking to force it to turn over documents it has so far resisted providing.

Exclusive: EU moves early on Google antitrust probe 18 Jan 2012

BRUSSELS - European regulators will decide around the end of March whether to file a formal complaint against Google for misuse of its market position, potentially bringing the internet company's squabble with competitors to a head much sooner than expected.

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