Canada financial regulator maintains banks’ domestic stability buffer at 3.5%

[ad_1] [1/2]A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Acquire Licensing Rights OTTAWA, Dec 8 (Reuters) – Canada’s financial regulator on Friday…

Insurers heavily exposed to climate change, global watchdog says

[ad_1] LONDON, Dec 6 (Reuters) – Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of…

U.S. bank CEOs expected to protest regulation push before Congress

[ad_1] [1/3]U.S. Bancorp President and CEO Andy Cecere, PNC Financial Services Group President and CEO William Demchak, JPMorgan Chase & Co President and CEO Jamie Dimon, Citigroup CEO Jane Fraser,…

US crypto industry lobby spending on track for new record in 2023

[ad_1] Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing Rights WASHINGTON, Dec 5…

PNC sees growth opportunity in capital-led market disruptions

[ad_1] PNC Financial Services Group President and CEO William Demchak testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks”…

Exclusive: Swiss authorities, banks mull new rules to prevent bank runs -sources

[ad_1] LONDON/ZURICH, Nov 3 (Reuters) – Swiss authorities and lenders, including UBS (UBSG.S), are discussing new measures to prevent bank runs after Credit Suisse’s rescue earlier this year, four sources…

Lawyer of fugitive Wirecard executive called to testify in court

[ad_1] The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany, September 22, 2020. REUTERS/Michael…

PwC affiliates, Chinese firm to pay $7.9 mln for US audit failures

[ad_1] U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Nov 30 (Reuters) – PricewaterhouseCoopers affiliates in Hong Kong and…

US regulator fines Bank of America $24 mln for Treasuries spoofing

[ad_1] NEW YORK, Nov 30 (Reuters) – Bank of America (BAC.N) has been fined $24 million after two former traders placed phony “spoof” trades to try to influence the market…

SEC’s in-house enforcement powers at risk in US Supreme Court case

[ad_1] People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Nov 28 (Reuters) –…