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91-105 of 372 results
UK to investigate personal current account and SME banking sectors
By BBR Staff Writer
The UK Competition and Markets Authority (CMA) is set to launch an in-depth market investigation into the personal current account and small and medium sized enterprise (SME) retail banking sectors of the country.
Policies & Regulatory Compliance > News
Indonesia finalizing new roadmap for Islamic finance
By BBR Staff Writer
The Indonesian government is reportedly finalizing a five-year roadmap in a bid to reshape the Islamic finance industry in the country.
Policies & Regulatory Compliance > News
Barclays announces £500m provision for forex manipulation probe
By BBR Staff Writer
British banking and financial services company Barclays has set aside £500m in the third quarter to settle probe into the alleged manipulation of the foreign-exchange (forex) market.
Policies & Regulatory Compliance > News
US reopens probe into Standard Chartered’s role in sanctions violations
By BBR Staff Writer
The US regulators have reopened investigations to determine whether Standard Chartered withheld information regarding dealings with countries sanctioned by the US, including Iran.
Policies & Regulatory Compliance > News
US Court of Appeals upholds $203m fine on Wells Fargo Bank
By BBR Staff Writer
The US Court of Appeals for Ninth Circuit has upheld the decision of district judge William Alsup over $203 fine imposed on Wells Fargo Bank for deceiving customers.
Policies & Regulatory Compliance > News
Bank Leumi to pay $300m to New York DFS to resolve US tax evasion probe
By BBR Staff Writer
The New York State's Department of Financial Services (DFS) is reportedly seeking more than $300m in penalty from Bank Leumi to resolve probe into its alleged role in possible tax evasion by its US clients.
Policies & Regulatory Compliance > News
FINRA penalises two Merrill Lynch divisions over Regulation SHO violations
By BBR Staff Writer
Two Merrill Lynch divisions were censured and fined a total of $6m by the Financial Industry Regulatory Authority (FINRA) for violation of Regulation SHO and supervisory failures.
Policies & Regulatory Compliance > News
Alibaba gets clearance to open private bank in China
By BBR Staff Writer
The China Banking Regulatory Commission (CBRC) has given clearance to e-commerce giant Alibaba to set up a new private bank in the country.
Policies & Regulatory Compliance > News
Federal Bank questions banks' moves to cut hedge-fund taxes
By BBR Staff Writer
Large banks generate more than $1 billion a year in revenue by helping hedge funds and other clients reduce taxes through a complicated trading strategy that has drawn criticism from U.S. authorities.
Policies & Regulatory Compliance > News
EBA plans to act on banks that violate bonus cap
By BBR Staff Writer
European Union banking watchdog European Banking Authority (EBA) is reportedly planning to take action on banks that pay cash allowances sidestepping its bonus cap initiative.
Policies & Regulatory Compliance > News
Barclays to pay £38m fine for breaching CASS regulations
By BBR Staff Writer
Barclays Bank has accepted to pay a fine of £38m to Financial Conduit Authority (FCA) for breaching CASS regulations.
Policies & Regulatory Compliance > News
UK banks to pay 'hundreds of millions' in VAT post EU ruling: KPMG
By BBR Staff Writer
A new rule imposed by the European Court of Justice will force global financial institutions operating in the UK and Europe to pay hundreds of millions of pounds in additional value added tax (VAT), according to a report by KPMG.
Policies & Regulatory Compliance > News
HSBC to pay $550m to US regulators to settle faulty mortgage case
By BBR Staff Writer
HSBC North America has agreed to pay $550m to the Federal Housing Finance Agency (FHFA) to settle the claims of miss-selling mortgage-related bonds to Fannie Mae and Freddie Mac during 2005-2007.
Policies & Regulatory Compliance > News
RBS, Natwest to pay £14.5m for improper mortgage advice
By BBR Staff Writer
The Financial Conduct Authority (FCA) of the UK has ordered the Royal Bank of Scotland (RBS) and NatWest to pay a fine of around £14.5m for failing to meet advisory standards in mortgage sales business.
Policies & Regulatory Compliance > News
Bank of America to pay $16.65bn fine over faulty mortgages
By BBR Staff Writer
The US Department of Justice has ordered the Bank of America (BofA) to pay $16.65bn to settle the claims over selling risky mortgage securities prior to the 2008 financial crisis.
Policies & Regulatory Compliance > News
91-105 of 372 results