Government
China to Strengthen Regulation of Financial Products
China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator ...Oil Spill Claims Chief Seeks Dismissal BP Lawsuit Over Settlements
The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how ...Judge Questions Citigroup $590 Million Shareholder Settlement
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc.'s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of ...
U.S. Construction Spending Up More Than Expected
U.S. construction spending rebounded in February as both public and private outlays increased, bolstering views of faster economic growth in the first quarter. Construction spending advanced 1.2 ...Michigan Has New Rules for Insurers’ Use of Credit History
A series of new laws that took effect last week in Michigan regulate how insurance companies can use a person's credit information. Under one of the measures, insurers can't use people's credit ...
Taiwan Welcoming Bigger Investment by Chinese Banks in Financial Sector
Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, ...S&P Wants Fraud Charges Moved to Federal Court; Justice Department Opposes
The U.S. Department of Justice opposed Standard & Poor's efforts to move a spate of lawsuits charging the ratings agency with fraud to federal from state courts. Standard & Poor's is seeking ...
U.S. Regulators To Weigh In On Health Effects Of Cellphone Radio Waves
U.S. regulators are looking into how radio frequencies emitted by cellphones and other wireless devices affect people amid lingering concerns about the risks of cellphone radiation. The Federal ...