by Associated Press Published: September 13,2010
BASEL, Switzerland — Bank stocks rose today on news that global regulators have agreed on new banking rules aimed at averting another financial collapse. The new rules, which will gradually require banks to hold greater capital buffers to absorb potential losses, are likely to reshape the credit industry by imposing stricter discipline on credit cards, [...] [...]
by Associated Press Published: June 25,2010
Tags: banking and finance, financial, regulations
WASHINGTON — President Barack Obama declared victory today after congressional negotiators reached a dawn agreement on a sweeping overhaul of rules overseeing Wall Street. Lawmakers shook hands on the compromise legislation at 5:39 a.m. after Obama administration officials helped broker a deal that cracked the last impediment to the bill — a proposal to force [...] [...]
by Associated Press Published: March 12,2010
Tags: banking and finance, international finances, regulations
GENEVA — Embattled UBS AG has warned that Switzerland’s financial industry is at risk unless lawmakers approve a tax treaty with the United States, and that other Swiss banks may be next to face pressure from U.S. regulators. In a letter to parliamentarians, the banking giant said the U.S. Internal Revenue Service has collected information [...] [...]
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