Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion August 9, 2023 By Austin Weinstein Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in...
No Way to Police All Cryptocurrency Fraud, CFTC Commissioner Says May 25, 2023 By Luc Cohen A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so...
The Hack That Upended Derivatives Trading Spurs Calls for Action March 8, 2023 By Katherine Doherty and Isis Almeida A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks...
London Must Avoid Becoming ‘Offshore’ Financial Center After Brexit, Says CFTC Chief June 5, 2019 By Huw Jones Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone...
MF Global’s Corzine to Pay U.S. Regulator $5 Million Over Firm’s Collapse January 10, 2017 By Jonathan Stempel Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a...
Reuters Special Report: U.S. Banks Book Trades Abroad to Bypass U.S. Regulation August 24, 2015 By Charles Levinson This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions...
Futures Industry Looks to Insurance After MF Global Collapse December 10, 2012 By Ann Saphir and Tom Polansek Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as...
Washington Explores Insurance, Other Protection for Futures Customers August 10, 2012 By Alexandra Alper U.S. regulators and futures industry players said on Thursday that there is no perfect solution to safeguard customer money in...
Derivative Reform to Be Finalized This Week July 9, 2012 By Alexandra Alper The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having...