financial services regulation News

Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors

Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash to shareholders. The German group has grown to become …

Report: U.S. Making Progress Against ‘Too-Big-to-Fail’ Bailouts

For the past year, a special team of U.S. bank regulators has been on a quiet mission to end the belief on Wall Street that large banks are “too big to fail.” The team from the Federal Deposit Insurance Corp. …

SEC Needs Additional Funds to Implement Dodd-Frank: Chairman

The top U.S. securities regulator will urge lawmakers on Thursday to boost its funding, saying a failure to increase the budget could hamper its ability to enforce new rules of the road for Wall Street. The Securities and Exchange Commission …

Pawlenty to Head Financial Services Roundtable

Former Republican presidential hopeful Tim Pawlenty will become the head of the Financial Services Roundtable, a U.S. financial services lobbying group that represents JP Morgan Chase & Co. and Wells Fargo & Co., among other financial companies, the group said …

U.S., European Union Struggle to Overcome Regulatory Barriers

The United States and the European Union, stung by past failures to liberalize trade, are struggling over how to tackle regulatory barriers in areas ranging from financial services to chemicals that pose the biggest obstacle to a transatlantic free trade …