Category: Regulations


Is Congress Sowing the Seeds of the Next Banking Crisis?

April 4, 2018

Via: Bank Director

Three weeks ago today, the U.S. Senate passed a bank deregulation bill that either provides modest relief to one of the country’s most heavily regulated and scrutinized industries—or sows the seeds of our next great banking crisis. Sponsored by Sen. […]


Shares of cryptocurrency play Longfin drop 30% after disclosing SEC investigation

April 3, 2018


The U.S. Securities and Exchange Commission is investigating trading activity in shares of Longfin, a tiny stock that surged astronomically in December after the firm announced a cryptocurrency-related acquisition, the company disclosed late Monday. Longfin (Ticker: LFIN) shares plunged 30 […]

Activity, Corporate banking, Regulations

Wells Fargo Director Hernandez to Exit After Scandal, Maintains Side Deals

March 28, 2018

Via: TheStreet

Wells Fargo & Co. (WFC) director Enrique Hernandez Jr. will step down from the company’s board in April, following the costliest scandal in the U.S. bank’s corporate history and an order by the Federal Reserve to improve risk-management and oversight. […]


Fed’s Dudley suggests bank execs should be on hook for regulatory fines

March 26, 2018

Via: Market Watch

New York Fed President William Dudley on Monday suggested that one way to improve bank culture is to make senior management bear some of the burden when their institutions are fined by regulators. “It doesn’t seem fair or prudent to […]

Activity, Regulations, Trading

Bank of America in $42 million settlement over ‘masking’ electronic trading activities with customers

March 23, 2018


Bank of America’s Merrill Lynch routinely misled customers by telling them billions of stock trades had been managed in-house when they were actually turned over to outside firms, part of a five-year scheme that New York’s attorney general says made […]


Bank regulation rewrite clears Senate but stumble could come in the House

March 15, 2018


The fate of bank regulation rests with the House after the Senate approved a bill that would relieve smaller banks of some of the restrictions put in place after the financial crisis ten years ago. The bill has the support […]


Rewrite of Senate Banking Bill Tough for Wall Street Banks

March 8, 2018

Via: Insurance Journal

Wall Street banks don’t have much to celebrate in what’s probably the final version of a bill easing financial rules that is headed for a U.S. Senate vote. Late Wednesday, Senate Banking Chairman Mike Crapo, an Idaho Republican, proposed some […]


Self-proclaimed bitcoin creator sued for allegedly stealing $5 billion worth of crypto, other assets

February 27, 2018


A man who has claimed to be the creator of bitcoin is being sued over an alleged scheme to steal $5 billion worth of cryptocurrency and other assets from a former business partner. Australian entrepreneur Craig Wright in 2016 said […]


FCA and CFTC sign fintech pact

February 19, 2018

Via: Finextra

The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate. […]


SEC suspends trading in three companies climing crypto connection

February 16, 2018

Via: Finextra

The Securities and Exchange Commission today suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim […]