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United Kingdom

Pete Schroeder

U.S. Fed proposes delaying single counterparty rule for foreign banks

08 Nov 2019

WASHINGTON The U.S. Federal Reserve on Friday proposed delaying a new rule limiting foreign banks' credit exposure to a single counterparty, allowing non-U.S. regulators time to adopt similar regulations which foreign companies could opt to follow instead.

U.S. CFTC orders Wells Fargo to pay $14 million over unfair foreign exchange trade

08 Nov 2019

WASHINGTON The U.S. Commodity Futures Trading Commission ordered Wells Fargo & Co to pay more than $14 million to settle charges it provided "misinformation" when conducting a large foreign exchange trade with a counterparty, the agency said in a statement on Friday.

Exclusive: Freddie Mac hires McKinsey to review capital with government overhaul looming

07 Nov 2019

WASHINGTON Housing finance giant Freddie Mac has hired management consultancy McKinsey & Company to advise on capital management, a spokesman said Thursday, as Freddie and its regulator start the long process of overhauling the firm and ultimately removing it from government control.

EXCLUSIVE-Freddie Mac retains McKinsey & Company to consult on capital management

07 Nov 2019

WASHINGTON, Nov 7 Housing giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.

U.S. lawmakers seek to ban federal pension fund from investing in China

07 Nov 2019

WASHINGTON A group of U.S. lawmakers introduced legislation on Wednesday that would block a federal retirement fund from investing in Chinese stocks.

U.S. SEC enforcement activity hits second-highest level ever in 2019

07 Nov 2019

WASHINGTON/NEW YORK Enforcement activity by the U.S. Securities and Exchange Commission in fiscal 2019 resulted in $4.3 billion in fines and disgorgements, up from $3.9 billion a year earlier, the regulator said on Wednesday.

Trump administration eases risks for banks on false lending claims

29 Oct 2019

WASHINGTON The Trump administration said on Monday it would try to entice banks to offer more mortgages to low-income borrowers by reducing reliance on a Civil War-era law the Obama administration used in the wake of the subprime mortgage crisis to build bad-lending cases against big banks.

Federal Reserve proposes easing post-crisis derivatives rules for banks

28 Oct 2019

WASHINGTON The U.S. Federal Reserve announced Monday it had proposed easier rules for when banks must set aside cash to safeguard derivatives trades between affiliates.

World Series fans greet Trump with boos, chants

28 Oct 2019

WASHINGTON U.S. President Donald Trump was greeted with boos and a smattering of chants of "Lock him up!" when he appeared on screen at the World Series in Washington on Sunday, even as he celebrated one of the biggest wins of his administration. | Video

U.S. Representative Hill, facing ethics probe, resigns from Congress

28 Oct 2019

WASHINGTON U.S. Representative Katie Hill, who is under investigation by the House ethics committee over an alleged relationship with a congressional staffer, said on Sunday that she was resigning from Congress. | Video

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