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Tag Archives: federal regulators

New rules meant to ward off bank crisis

WASHINGTON — Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown. The Federal Reserve ...

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Court: Can drug companies pay to delay generics?

WASHINGTON — Federal regulators are pressing the U.S. Supreme Court to stop big pharmaceutical corporations from paying generic drug competitors to delay releasing their cheaper versions of brand-name drugs. They argue these deals deny American consumers, usually for years, steep price ...

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Fund pays $600M to settle insider trading charges

Hedge fund CR Intrinsic Investors will pay more than $600 million in what federal regulators are calling the largest insider trading settlement ever. The Securities and Exchange Commission charged the firm with insider trading in 2012, alleging that one of ...

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Corona-Bud revise deal to appease regulators

NEW YORK — Anheuser-Busch InBev changed the terms of its proposed $20.1 billion acquisition of Mexican brewer Grupo Modelo on Thursday in an attempt to push through a deal that federal regulators say will kill competition. AB InBev is willing ...

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FDIC backs ban on banks trading for own profit

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients under a rule being proposed by federal regulators. The Federal Deposit Insurance Corp. backed the rule on a 3-0 vote. The ban on so-called proprietary trading was required under last year’s financial overhaul law.

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Watchdog: Regulators bowed to banks on bailout

WASHINGTON — Federal regulators bowed to pressure from big banks seeking a quick exit from the financial bailout program and did not uniformly apply the government’s own conditions set for repaying the taxpayer funds, a new watchdog report says.

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Feds fine online airline ticketing services

WASHINGTON, D.C. — Federal regulators are going after online ticketing services that fail to tell customers booking a flight on a major airline that a leg of their trip will be operated by a separate regional carrier. The Department of Transportation said Friday ...

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FTC: POM juice ads deceptive about health

NEW YORK CITY — Federal regulators filed complaints Monday against the makers of POM Wonderful Pomegranate Juice, saying there’s no science to support claims that the products treat or prevent diseases such as prostate cancer and erectile dysfunction.

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SEC backs new rules on debt disclosure

WASHINGTON, D.C. — Federal regulators voted Friday to propose new rules that could make it harder for financial firms to disguise their level of debt. The Securities and Exchange Commission ...

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