Regulation & Compliance
China Moves to Curb Money Laundering; Banks Must Rate ‘Dirty’ Clients
Chinese banks must rate their clients' risk of criminal conduct on a scale of 1-5 as part of the central bank's moves to curb money laundering and fraudulent transactions estimated at hundreds of ...
U.S., UK Favor Including Financial Services in EU Trade Pact
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British ambassador to the United States said ...
House Passes Cybersecurity Bill Over Veto Threat
The House of Representatives passed legislation on Thursday designed to help companies and the government share information on cyber threats, though concerns linger about the amount of protection the ...BofA CEO Moynihan, Ex-CEO Lewis Face Mortgage Disclosures Lawsuit
A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp. Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of misleading shareholders about the ...
Supreme Court Limits U.S. Courts’ Jurisdiction in Foreign Human Rights Cases
In a closely watched ruling that left questions unanswered, the U.S. Supreme Court said on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused ...S&P Facing Second Class Action by Australian Investors
Scores of Australian investors have filed a second class-action lawsuit against Standard & Poor's (S&P), claiming the ratings agency misled them by giving its highest rating to derivatives ...China to Require More Detail on Bank Loans to Financial Institutions
The China Banking Regulatory Commission (CBRC) will require banks to provide more detailed reports on loans provided to other financial institutions through the interbank market, two people close to ...