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Tag Archives: regulators

Regulators sanction Standard Chartered Bank

ALBANY (AP) — New York regulators have reached agreement for Standard Chartered Bank to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary. The ...

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Regulators act to require stronger bank capital

WASHINGTON (AP) — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown. The eight biggest U.S. banks will have to meet stricter measures ...

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Regulators propose stricter rule for big banks

WASHINGTON — Regulators took a step Tuesday toward requiring eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system. The Federal Reserve, the Federal Deposit Insurance Corp. ...

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Hearings on ‘forced’ insurance in foreclosure

ALBANY — New York regulators say premiums for so-called “force-placed” insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails to maintain coverage required by the mortgage. ...

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Large US banks must report to regulators

WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 to approve the rules ...

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Chinese-based firms on U.S. exchanges face fraud charges

After dozens of companies based in China went public in the United States over the past five years, regulators are uncovering fraud at some, cooling down what has become a hot sector of the stock market. Since March, more than 24 Chinese-based firms disclosed accounting problems or auditor resignations.

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