Search Results for: regulators
Wall St middle-aged bankers stuck in squeezed middle
September 9th, 2014
It is Wall Street’s “squeezed middle”: a large cohort of bankers in their thirties and forties are fretting that promotions to their banks’ top tier are becoming harder to secure. Many of them accept that being stuck on a ...
Brokers Battle Deutsche Bank Over Selling In-House Products
September 9th, 2014
Since the market collapse of 2008, scrutiny has intensified on the way large banks and securities firms treat their brokerage customers, particularly when it comes to steering them into the firms’ own products. One possibility raised in the 2010 ...
FX Probe Lags in EU as Other Watchdogs Ready for Fines
September 8th, 2014
The European Union’s antitrust arm is still at the start of its probe into possible collusion in foreign-exchange markets even as U.S. and U.K. regulators edge closer to levying fines. “We are at the starting point of this investigation,” ...
RBS unit may raise $3.5 billion in top U.S. bank IPO this year
September 8th, 2014
Citizens Financial Group Inc, the U.S. unit of Britain’s Royal Bank of Scotland (RBS.L), said its initial public offering was expected to raise as much as $3.5 billion, making it the biggest U.S. offering by a bank this year. ...
SRA hints at rethink on compliance roles
September 4th, 2014
The Solicitors Regulation Authority has hinted that it will reform its compliance officer scheme – just 20 months after the roles were introduced. In a speech this morning, the regulator’s chief executive Paul Philip said the review of the ...
China’s State Media Join Brokerages Saying Buy Equities
September 4th, 2014
China’s state-run media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world’s biggest population to buy more stocks. The official Xinhua News Agency published at least ...
ECB plans 500 billion euros bond purchase program
September 4th, 2014
Plans to launch an asset-backed securities (ABS) and covered bond purchase program worth up to 500 billion euros are on the table at Thursday’s European Central Bank policy meeting, people familiar with the discussions say. ECB President Mario Draghi ...
Commerzbank near to settling U.S. sanctions probes
September 4th, 2014
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The bank is expected to pay about $650 million to resolve ...
PG&E fined $1.4 billion for San Bruno pipeline blast
September 3rd, 2014
California regulators have imposed $1.4 billion in penalties against Pacific Gas & Electric for a 2010 gas pipeline explosion in a San Francisco suburb that killed eight people. PG&E, the state’s largest utility, can appeal the fine. PG&E can ...
Telecom Italia Delays Sale of Stake in Argentine Business
September 2nd, 2014
Telecom Italia said on Tuesday that it had extended the deadline to Sept. 25 to complete the sale of its controlling stake in Telecom Argentina to the investment firm Fintech Advisory. The deadline, which had been set for Sept. ...
