Edition:
India

Michelle Price

U.S. regulators seek industry input on bank rating system - Fed

19 Oct 2019

WASHINGTON U.S. banking regulators on Friday sought public comment on the decades-old framework used to assess the health of the nation's banks, in another win for the industry which has long complained the system is opaque and outdated.

JPMorgan's Dimon says Facebook's Libra currency 'will never happen'

19 Oct 2019

WASHINGTON Facebook's Libra digital currency project is "a neat idea that will never happen," JPMorgan Chase Chief Executive Jamie Dimon said on Friday, adding to scepticism about the project that has faced criticism from policymakers and some regulators.

UPDATE 1-U.S. regulators seek industry input on bank rating system - Fed

19 Oct 2019

WASHINGTON, Oct 18 U.S. banking regulators on Friday sought public comment on the decades-old framework used to assess the health of the nation's banks, in another win for the industry which has long complained the system is opaque and outdated.

Facebook executive confident Libra will win enough financial backers

17 Oct 2019

WASHINGTON Facebook Inc, whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.

Non-U.S. banks still vulnerable to dollar funding shocks, IMF warns

11 Oct 2019

WASHINGTON Despite measures introduced following the 2007-2009 financial crisis to strengthen the global banking system, non-U.S. banks remain vulnerable to a disruption in the U.S. dollar funding market, the International Monetary Fund warned on Friday.

Fannie Mae, Freddie Mac shares tumble as Treasury overhaul plan disappoints

07 Sep 2019

Shares of Fannie Mae and Freddie Mac slumped on Friday amid disappointment over a long-awaited U.S. Treasury Department plan to begin recapitalising the mortgage giants and return them to private control after their bailout during the 2008 financial crisis.

U.S. Treasury expected to unveil Fannie, Freddie plan in coming days: analysts

04 Sep 2019

WASHINGTON The Trump administration's blueprint for reforming the U.S. housing system is expected to be unveiled in the coming days, according to Washington analysts, marking a key step toward overhauling mortgage giants Fannie Mae and Freddie Mac.

U.S. Treasury expected to unveil Fannie, Freddie plan in coming days - analysts

04 Sep 2019

WASHINGTON, Sept 4 The Trump administration's blueprint for reforming the U.S. housing system is expected to be unveiled in the coming days, according to Washington analysts, marking a key step towards overhauling mortgage giants Fannie Mae and Freddie Mac.

U.S. fines Deutsche Bank $16 million to settle China, Russia corruption charges

23 Aug 2019

WASHINGTON Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S. regulator said in a statement.

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