Latest Banking and credit regulation News

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.

Asian markets mixed after Wall Street high

Nov. 13, 2019 11:20 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Investors were wary after The Wall Street Journal reported Chinese negotiators...

Deputies investigate explosion at Florida bank's ATM

Nov. 4, 2019 6:15 PM EST

OLDSMAR, Fla. (AP) — Law enforcement authorities in Florida are investigating an early morning explosion at a bank's ATM. Pinellas County sheriff's officials said in a news release that they responded to an alarm at a BB&T bank in Oldsmar around 3:27 a.m. Monday. Officials say they discovered "there...

Attorneys for ex-bank execs seek to dismiss SEC complaint

Nov. 1, 2019 5:11 PM EDT

WILMINGTON, Del. (AP) — Two former executives for the only financial institution criminally charged in connection with the federal bank bailout program are asking a judge to dismiss a civil enforcement action filed against them by federal securities regulators. The Securities and Exchange Commission...

Prosecutors: Trade war opens doors For Mexican drug cartels

Oct. 20, 2019 10:05 AM EDT

PORTLAND, Ore. (AP) — Federal law enforcement officials in Oregon say they've uncovered an elaborate scheme to convert Mexican drug profits from sales in the United States back into pesos using Chinese citizens who seek to circumvent their country's banking laws. The Mexican drug cartels are taking...

Supreme Court steps into case over consumer agency

Oct. 18, 2019 3:43 PM EDT

WASHINGTON (AP) — The Supreme Court is stepping into a yearslong, politically charged fight over the federal consumer finance watchdog agency that was created in the wake of the 2008 financial crisis. The justices agreed Friday to review an appeals court decision that upheld the structure of the Consumer...

Fed approves rules loosening Dodd-Frank bank restrictions

Oct. 10, 2019 5:02 PM EDT

WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to loosen...

UK central bank: financial sector ready for no-deal Brexit

Oct. 9, 2019 6:17 AM EDT

LONDON (AP) — The U.K. financial system is prepared to cope with a no-deal Brexit, though uncertainties about the country's withdrawal from the European Union are weighing hard on the wider economy, the Bank of England said Wednesday. The bank's Financial Policy Committee, which assesses financial risks,...

Federal regulatory agencies OK changes to 'Volcker rule'

Oct. 8, 2019 5:37 PM EDT

WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced final approval Tuesday to changes in the "Volcker rule" passed after the 2008 financial meltdown to crack down on trading excesses that contributed to the crisis. The changes were supported by the banking industry, which...

China criticizes US tech curbs but trade talks going ahead

Oct. 8, 2019 7:00 AM EDT

BEIJING (AP) — China demanded Washington lift newly imposed sanctions on Chinese tech companies but said Tuesday envoys will go ahead with a U.S. trip for trade talks despite the latest spike in tensions. The foreign ministry criticized the curbs on sales of U.S. technology to the Chinese companies as...