Financial Regulation

Europe Banks Under U.S. Scrutiny as BNP Pays Fine

July 3, 2014

A U.S. crackdown on financial institutions for alleged sanctions-busting threatens to penalize more European banks after France’s BNP Paribas was fined a record $8.97 billion for dealing with blacklisted countries. French banks Credit Agricole and Societe Generale, Commerzbank of Germany, and UniCredit, Italy’s largest lender, are among other financial institutions being investigated by U.S.

Community Banking & Credit Unions Special

June 13, 2014

Welcome to Bloomberg Brief: Financial Regulation’s special edition on the impact of post-crisis reforms on credit unions and community banks — defined in this issue as those with less than $10 billion in assets — in the U.S. Download the full report here.

SEC Gets High-Frequency Hug From Industry

June 9, 2014

Given the choice between battling criminal investigators or answering to an experienced regulator who disputes claims the stock market is broken, it’s no surprise who traders are cozying up to. U.S. Securities and Exchange Commission Chairman Mary Jo White yesterday disclosed plans to bolster oversight of high-frequency traders and examine secretive private platforms known

Number of FDIC-Insured Problem, Failed Banks Drop in March 2014

June 2, 2014

The number of problem institutions — those viewed by regulators as being at heightened risk of failure — continued to drop to 411 in the quarter ended March 31 from 467 in the quarter ended Dec. 31, 2013, the Federal Deposit Insurance Corp. said in its quarterly banking report. Five banks failed in

Accounting Disclosures Top ’13 EEA Enforcement Cases

June 2, 2014

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EU Weighs Proprietary Trading Ban From 2018

January 17, 2014

The largest banks in the European Union would face a “narrowly” defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU’s financial services chief. Read More