Edition:
United Kingdom

Pete Schroeder

U.S. bank profits recover from early 2020 turmoil, still down from year prior

01 Dec 2020

WASHINGTON U.S. bank profits were significantly higher in the third quarter than the first half of 2020, although the industry still lagged behind 2019 levels, a regulator reported on Tuesday.

Factbox: The top contenders to run Biden's financial agencies

27 Nov 2020

WASHINGTON Democratic U.S. President-elect Joe Biden's team has tapped a mix of progressives and centrist policy experts, including former derivatives market regulator Gary Gensler, to work on a transition plan for financial industry oversight.

U.S. financial groups, wary of crackdown, feel out Biden transition team

20 Nov 2020

WASHINGTON Financial lobbyists, kept at arm's length by Joe Biden's campaign, have begun engaging with the Democratic president-elect's transition team on issues including economic stimulus, pandemic aid programs, and appointees, according to more than a dozen executives at banks and financial lobby groups.

U.S. housing finance regulator adopts new capital rule for Fannie Mae, Freddie Mac

18 Nov 2020

WASHINGTON Housing giants Fannie Mae and Freddie Mac would have to raise over $200 billion in new capital to fall in line with a rule finalized on Wednesday by their regulator.

SEC charges former Wells Fargo CEO and top executive with misleading investors over sales practices

13 Nov 2020

WASHINGTON The Securities and Exchange Commission charged former Wells Fargo CEO John Stumpf and retail banking head Carrie Tolstedt with misleading investors, the watchdog announced Friday.

U.S. judge dismisses Trump campaign libel lawsuit against CNN

12 Nov 2020

WASHINGTON A U.S. judge on Thursday dismissed a libel lawsuit filed by President Donald Trump's re-election campaign against CNN over a 2019 opinion piece which it said suggested the campaign would be open to Russian interference, according to a court document.

The top contenders to run Biden's financial agencies

12 Nov 2020

WASHINGTON Democratic U.S. President-elect Joe Biden's team has tapped a mix of progressives and centrist policy experts, including former derivatives market regulator Gary Gensler, to work on a transition plan for financial industry oversight. nL1N2HW38V]

Factbox: The top contenders to run Biden's financial agencies

12 Nov 2020

WASHINGTON Democratic U.S. President-elect Joe Biden's team has tapped a mix of progressives and centrist policy experts, including former derivatives market regulator Gary Gensler, to lead a transition plan for financial industry oversight.

Factbox: The top contenders to run Biden's financial agencies

12 Nov 2020

WASHINGTON Democratic U.S. President-elect Joe Biden's team has tapped a mix of progressives and centrist policy experts, including former derivatives market regulator Gary Gensler, to lead a transition plan for financial industry oversight. nL1N2HW38V]

U.S. approves $23.37 billion advanced arms sale to UAE, Pompeo says

10 Nov 2020

WASHINGTON The Trump administration told Congress on Tuesday it had approved the U.S. sale of more than $23 billion in advanced weapons systems, including F-35 fighter jets and armed drones, to the United Arab Emirates, Secretary of State Mike Pompeo said.

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