U.S. banks’ ownership and trading of physical commodities will face further scrutiny tomorrow when the heads of the CFTC and SEC testify before lawmakers.
Senior U.S. lawmakers from both parties are seeking more criminal prosecutions for executives tied to financial-industry wrongdoing as the government reaches billion-dollar settlements with UBS AG and HSBC Holdings Plc.
Volcker rule opponents are making their case for alternatives to the proprietary trading ban at a U.S. House Financial Services Committee hearing as regulators move closer to completing work on the Dodd-Frank Act measure.
New financial regulations have yet to make markets safer and financial systems are still too complex, according to an International Monetary Fund report.
The Office of Comptroller of the Currency said today that it is examining JPMorgan Chase & Co.’s activities and evaluating their transactions following a $2 billion loss
