Latest Financial industry regulation News

British Foreign Secretary Dominic Raab speaks at a press conference with Secretary of State Mike Pompeo at the State Department, Wednesday, Sept. 16, 2020 in Washington. (Nicholas Kamm/Pool via AP)

UK defends planned Brexit deal breach as Biden slams move

Sep. 17, 2020 9:30 AM EDT

LONDON (AP) — The British government faced more opposition Thursday to its plans to breach the Brexit agreement with the European Union, with Democratic presidential candidate Joe Biden becoming the latest American politician to express alarm and the EU rejecting the U.K.'s stated rationale. An EU...

President Donald Trump arrives for an ABC News town hall at National Constitution Center, Tuesday, Sept. 15, 2020, in Philadelphia. (AP Photo/Evan Vucci)

Trump, eyeing undecided voters, loses one during TV exchange

Sep. 16, 2020 4:29 PM EDT

PHILADELPHIA (AP) — If President Donald Trump agreed to a Pennsylvania town hall to sway undecided voters, his exchange with a literature professor born with a chronic disease lost him at least one vote in the battleground state. Ellesia Blaque voted reluctantly for Hillary Clinton in 2016, and dislikes...

FILE - In this Jan. 11, 2012 file photo, buyers and industry affiliates pass by the Kodak exhibit at the 2012 International CES trade show in Las Vegas.  An independent legal review has determined that there were several flaws in how Eastman Kodak gave stock option grants to its CEO prior to the once formidable photography company being awarded a loan from the Trump administration.  (AP Photo/Julie Jacobson, File)

Kodak erred with stock grants but review finds actions legal

Sep. 16, 2020 10:28 AM EDT

Shares of Kodak are sharply higher after an independent legal review found that while there were flaws in how Eastman Kodak issued stock option grants to its CEO just before revealing a major development that sent its stock soaring, no illegality was involved. In late July the U.S. International Development...

FILE - In this Wednesday, Sept. 9, 2020 file photo, Britain's Prime Minister Boris Johnson leaves Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London. British Prime Minister Boris Johnson has strongly defended his controversial plan to override sections of the Brexit deal that he negotiated with the European Union, arguing that the bloc has an “extreme” interpretation of the treaty that could jeopardize the future of the U.K. In a column Saturday, Sept. 12, 2020 in The Daily Telegraph, Johnson said the Internal Market Bill is required to end EU threats to impose a “blockade” in the Irish Sea that he argues could “carve up our country.”  (AP Photo/Kirsty Wigglesworth, file)

UK's Johnson defends planned law, says EU 'unreasonable'

Sep. 14, 2020 5:50 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson on Monday defended his plan to unilaterally rewrite Britain’s divorce deal with the European Union as an insurance policy against the bloc's unreasonable behavior — even as his former attorney general joined the ranks of once-loyal lawmakers...

President Donald Trump speaks at a rally at Minden-Tahoe Airport in Minden, Nev., Saturday, Sept. 12, 2020. (AP Photo/Andrew Harnik)

AP FACT CHECK: Trump's torrent of falsehoods, Biden missteps

Sep. 14, 2020 1:29 AM EDT

WASHINGTON (AP) — Playing defense on his handling of the coronavirus, President Donald Trump is letting the falsehoods fly. Over the weekend, he railed against cases of voting fraud that didn’t exist, asserted that COVID-19 was “rounding a corner” despite what his top health advisers...

JPMorgan: some customers, employees misused COVID programs

Sep. 8, 2020 5:17 PM EDT

NEW YORK (AP) — JPMorgan Chase said Tuesday that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs. The New York-based bank said it is working with law enforcement in some cases, although in a memo sent to employees it did not...

FILE - In this Wednesday, July 24, 2019 file photo, European Commissioner Vice-President Valdis Dombrovskis speaks at EU headquarters in Brussels. The European Union's executive commission on Tuesday, Sept. 8, 2020 proposed European Commission vice-president Valdis Dombrovskis to take over the post of EU trade commissioner following the resignation of Ireland's Phil Hogan. (AP Photo/Virginia Mayo, File)

EU names Dombrovskis as its new trade chief

Sep. 8, 2020 5:33 AM EDT

BRUSSELS (AP) — The European Union’s executive commission is proposing its experienced Latvian vice president, Valdis Dombrovskis, to take over the post as trade chief of the bloc following the resignation of Ireland's Phil Hogan. Dombrovskis had already been holding the post temporarily since...

A person walk in front of a building with the logo of the insolvent company Wirecard  in Aschheim near Munich, Germany, Tuesday, Sept. 1, 2020. German opposition parties plan to force the launch of a parliamentary inquiry into the downfall of bankrupt payment company Wirecard. (Peter Kneffel/dpa via AP)

German prosecutors drop probe of journalists over Wirecard

Sep. 3, 2020 2:03 PM EDT

BERLIN (AP) — German prosecutors said Thursday they have closed an investigation into two journalists with the Financial Times that was launched following reports last year about allegations of irregularities at now-bankrupt payment company Wirecard. Wirecard's shares plunged following the reports in...

FILE - In this Wednesday, May 13, 2020 file photo, a man walks across the Millennium Bridge in London as the country continues in lockdown to curb the spread of coronavirus. The Bank of England said Wednesday, Sept. 2, 2020 there are perfectly understandable reasons why the majority of office workers have yet to return to their pre-lockdown workplaces despite new guidance from the British government. (AP Photo/Tony Hicks, File)

Bank of England: Return of UK office workers to take time

Sep. 2, 2020 2:25 PM EDT

LONDON (AP) — The Bank of England said Wednesday there are perfectly understandable reasons why the majority of office workers have yet to return to their pre-lockdown workplaces despite new coronavirus guidance from the British government. Alex Brazier, the bank's executive director for financial...

FILE - In this Feb. 2, 2020, file photo, the company logo appears on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo.  A day after its 5-for-1 stock split took effect, Tesla is announcing plans to sell up to $5 billion worth of common shares.  Tesla shares rose over 2% in premarket trading Tuesday, Sept. 1,  after the filing with the U.S. Securities and Exchange Commission. (AP Photo/David Zalubowski, File)

Tesla announces plans to sell up to $5B in new stock shares

Sep. 1, 2020 5:10 PM EDT

DETROIT (AP) — A day after its 5-for-1 stock split took effect, Tesla announced plans Tuesday to sell up to $5 billion worth of common shares. The electric car and solar panel maker said in a filing with securities regulators that it intends to sell up to 10.03 million shares and use the proceeds for...