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