Latest Banking and credit regulation News

Israeli PM, meeting Pompeo, calls for more pressure on Iran

Dec. 4, 2019 2:19 PM EST

LISBON, Portugal (AP) — Israel’s prime minister on Wednesday praised the tough U.S. sanctions on Iran, saying the financial pressure has sparked protests against Tehran’s influence across the region and urging even stronger action. Speaking alongside U.S. Secretary of State Mike Pompeo before...

Gov. Baker signs campaign finance overhaul bill into law

Nov. 30, 2019 11:01 AM EST

BOSTON (AP) — Republican Massachusetts Gov. Charlie Baker has signed into law a bill aimed at overhauling the state’s campaign finance rules. The new law requires state lawmakers and some mayoral candidates to adhere to a system that already covers statewide and county officials. Under the new law...

Pope taps former Bank of Italy exec to head watchdog agency

Nov. 28, 2019 1:00 AM EST

VATICAN CITY (AP) — Pope Francis has tapped a Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network. Carmelo Barbagallo has been head of the Italian central...

Palestinians protest US settlement decision in ‘day of rage’

Nov. 26, 2019 7:05 PM EST

RAMALLAH, West Bank (AP) — Thousands of Palestinian protesters took part in a “day of rage” across the occupied West Bank on Tuesday, with some groups clashing with Israeli forces to protest the U.S. announcement that it no longer believes Israeli settlements violate international law. Around...

Westpac Bank chief resigns over money-laundering scandal

Nov. 26, 2019 3:19 AM EST

PERTH, Australia (AP) — The chief executive of Australia’s second biggest bank said Tuesday he plans to resign following accusations Westpac committed 23 million breaches of anti-money laundering and counterterrorism financing laws. The financial crime regulator AUSTRAC is pursuing Westpac in the...

4 charged with smuggling Mexican citizens into the US

Nov. 24, 2019 2:06 PM EST

GREAT FALLS, Mont. (AP) — The arrest of 19 Mexican citizens in northern Montana has led to charges against four of them for allegedly smuggling people into the United States from Canada. The four suspects appeared in federal court in Great Falls on Thursday on charges of illegal transport and conspiracy to...

Iconic singer hopes to close financing gap for African women

Nov. 23, 2019 1:54 AM EST

JOHANNESBURG (AP) — The insect-eaten money fluttered in pieces to the floor. For global music star Angelique Kidjo, that image of her grandmother having to use a closet as a bank is driving her desire to see African women leap the many obstacles to obtaining credit — and respect. The Benin-born...

US angers Palestinians with reversal on Israeli settlements

Nov. 19, 2019 2:58 AM EST

WASHINGTON (AP) — The Trump administration on Monday said it no longer considers Israeli settlements in the West Bank to be a violation of international law, reversing four decades of American policy and further undermining the Palestinians’ effort to gain statehood. Secretary of State Mike Pompeo...

Bank groups sue Washington state over tax increase

Nov. 18, 2019 2:45 PM EST

OLYMPIA, Wash. (AP) — Two bank association groups have sued the Washington Department of Revenue over a measure passed by the Legislature that will increase business taxes on large, out-of-state financial institutions. The Washington Bankers Association and American Bankers Association filed the lawsuit in...

US is softening stance on Israeli settlements in West Bank, disavowing 1978 opinion that they violate international law

Nov. 18, 2019 1:01 PM EST
WASHINGTON (AP) — US is softening stance on Israeli settlements in West Bank, disavowing 1978 opinion that they violate international law.