Edition:
United Kingdom

Pete Schroeder

U.S. regulators closing in on additional 'Volcker Rule' easing

22 Jan 2020

WASHINGTON U.S. financial regulators are wrapping up work on a proposal that would ease restrictions around relationships banks can have with companies like hedge funds and private equity funds, according to a top bank regulator.

U.S. Fed at odds with bank regulators on community lending standards

08 Jan 2020

WASHINGTON A top U.S. Federal Reserve official said on Wednesday that bank regulators should pursue a more nuanced approach to updating community lending standards for banks.

U.S. Fed at odds with bank regulators on community lending standards

08 Jan 2020

WASHINGTON, Jan 8 A top official with the U.S. Federal Reserve said Wednesday that bank regulators should pursue a more nuanced approach to updating community lending standards for banks.

U.S. securities regulator proposes easing auditor independence rules

30 Dec 2019

WASHINGTON The U.S. securities regulator on Monday proposed updating its auditor independence rules to give accounting firms more leeway when determining potential conflicts of interest that could impair their judgment when scrutinizing companies' books.

JPMorgan pressed by Senate Democrats on racial discrimination reports

21 Dec 2019

WASHINGTON A group of five U.S. senators sent a letter on Thursday to JPMorgan Chase & Co., asking it to explain what it was doing to address what they described as "a troubling list of discriminatory practices" related to race.

JPMorgan pressed by Senate Democrats on racial discrimination reports

20 Dec 2019

WASHINGTON, Dec 20 A group of five U.S. senators sent a letter on Thursday to JPMorgan Chase & Co., asking it to explain what it was doing to address what they described as "a troubling list of discriminatory practices" related to race.

Senior U.S. lawmaker to seek testimony of Wells Fargo's board

19 Dec 2019

WASHINGTON A U.S. congressional committee will ask Wells Fargo & Co’s board of directors to testify about the bank's sales scandal next year, a senior Democrat told Reuters on Thursday.

UPDATE 1-Senior U.S. lawmaker to seek testimony of Wells Fargo's board

19 Dec 2019

WASHINGTON, Dec 19 Wells Fargo's board of directors will be called to testify before Congress about the bank's numerous scandals sometime in 2020, a senior U.S. House lawmaker told Reuters Thursday.

FSB's Quarles calls for more scrutiny of leveraged loan market

19 Dec 2019

LONDON/WASHINGTON Regulators need to get a fuller picture of the growing market for loans to highly-indebted companies, Financial Stability Board (FSB) Chair Randal Quarles said on Thursday.

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