Financial industry regulation

February 25, 2019 - 1:20 pm
ROME (AP) — A court in Italy's capital convicted a former Rome mayor of corruption and illegal financing Monday and sentenced him to six years in prison and a lifetime ban on holding public office. Prosecutors had alleged that far-right politician Gianni Alemanno received nearly 300,000 euros ($345...
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Former CEO of Global Wealth Management and Business Banking at UBS AG Raoul Weil leaves the Paris courthouse in Paris, France, Wednesday, Feb. 20, 2019. A Paris court has ordered Swiss bank UBS to pay 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities. (AP Photo/Michel Euler)
February 20, 2019 - 11:11 am
PARIS (AP) — A French court ordered Switzerland's largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, sending a stern warning to tax dodgers and the banks that aid them. The Paris court convicted Zurich-based UBS...
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FILE -- In this Tuesday, Sept. 18, 2018 photo the 'wirecard' company headquarters is pictured in Ascheim, Germany. Germany's financial market regulator has issued a two-month ban on short-selling shares in Wirecard AG, whose stock has swung sharply in recent months. (Peter Kneffel/dpa via AP)
February 18, 2019 - 9:38 am
BERLIN (AP) — Germany's financial market regulator issued a two-month ban Monday on short-selling shares of payment service provider Wirecard AG, whose stock has swung sharply in recent months. The regulator said creating new net short positions or increasing existing net short positions in...
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Yellow vest protesters march during a protest in Paris, Sunday, Feb. 17, 2019. French yellow vest protesters are marking three months since the kickoff of their anti-government movement, as anti-Semitic remarks by some demonstrators have raised national concern about the movement's ascendant radical fringe. (AP Photo/Thibault Camus)
February 17, 2019 - 2:21 pm
PARIS (AP) — An upsurge in anti-Semitism in France reached a climax this weekend with a torrent of hate speech directed at a distinguished philosopher during a march of yellow vest protesters, adding to questions about the radicalized fringes of the movement hidden within French society and...
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A man protests holding a banner reading in Spanish "The elder people without their pension" outside a BBVA bank building in Madrid, Spain, Friday, Feb. 15. 2019. Hundreds of Chinese have protested outside a Spanish bank's premises in Madrid, claiming they are being denied access to their accounts while the bank insists it is obeying money-laundering laws. (AP Photo/Andrea Comas)
February 15, 2019 - 5:23 am
MADRID (AP) — Hundreds of Chinese have protested outside a Spanish bank in Madrid, claiming they are being unfairly denied access to their accounts while the bank insists it's merely complying with money-laundering laws. Spanish media report that the protesters are demanding access to their money...
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FILE - In this Dec. 3, 2018, file photo, a vehicle rests in front of a home leveled by the Camp Fire in Paradise, Calif. Two statewide officials want California to take out insurance to help cover taxpayers' costs in bad wildfire seasons. Insurance Commissioner Ricardo Lara and Treasurer Fiona Ma said Thursday, Feb. 14, 2019, that California should follow the lead of Oregon and the federal government, after outspending its emergency fund in seven of the last 10 years. (AP Photo/Noah Berger, File)
February 14, 2019 - 3:51 pm
SACRAMENTO, Calif. (AP) — California should get insurance to help cover taxpayers' costs in bad wildfire seasons, a solution that could help stem losses as climate change contributes to more destructive blazes, two state officials said Thursday. The most populous state should follow the lead of...
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FILE- In this Oct. 23, 2018, file photo, students walk on the campus of Miami Dade College, in Miami. The nine companies and organizations tasked with servicing the accounts of the nation’s 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years and their regulator neglected to hold them responsible, a new report finds. The report released Thursday, Feb. 14, 2019, by the Department of Education’s independent Inspector General’s office shows some borrowers weren’t getting the guidance and protection they needed as they sought the best plan for paying off their student loans. (AP Photo/Lynne Sladky)
February 14, 2019 - 9:42 am
NEW YORK (AP) — The nine companies and organizations tasked with servicing the accounts of the nation's 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years and their regulator neglected to hold them responsible, a new report finds. The report...
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FILE - In this June 27, 2017 file photo, the proprietor of a medical marijuana dispensary prepares his monthly tax payment, over $40,000 in cash, at his Los Angeles store. Congress on Wednesday, Feb. 13, 2019, was urged to fully open the doors of the nation's banking system to the legal marijuana industry, a change that supporters say would reduce the risk of crime and resolve a litany of problems for pot companies from paying taxes to getting a loan. (AP Photo/Jae C. Hong, File)
February 13, 2019 - 4:45 pm
LOS ANGELES (AP) — Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting...
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FILE - In this Jan. 23, 2019, file photo, a view of the White House in Washington, Wednesday, Jan. 23, 2019. Borrowing a word from Democrats, a new White House report says changes made to the Affordable Care Act under President Donald Trump didn’t amount to “sabotage.” (AP Photo/Susan Walsh, File)
February 07, 2019 - 11:05 pm
WASHINGTON (AP) — Borrowing a word from Democrats, a new White House report says changes made to the Affordable Care Act under President Donald Trump didn't amount to "sabotage." Due out Friday, the report from the Council of Economic Advisers says Obama-era subsidies that help low- and middle-...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 9:39 am
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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