Sentences with phrase «regulator said banks»

The regulators said the bank stopped improperly billing customers in June 2012 and refunded the fees.

Not exact matches

COPENHAGEN, Denmark — Danish regulators said Thursday that there were «serious shortcomings» in the anti-money laundering operations of Danske Bank» activities in Estonia, following reports this year of money flows from family members of Russian President Vladimir Putin.

New York's banking regulator asked three banks about their relationships with Jared Kushner, a source said.

COPENHAGEN, Denmark — Danish regulators said Thursday that there were «serious shortcomings» in the anti-money laundering operations of Danske Bank» activities in Estonia.

Commonwealth Bank of Australia chief executive Ian Narev has admitted the bank «made mistakes» in failing to report money laundering but defended his leadership, saying he is «motivated» to help restore trust and that problems identified by Australia's financial transactions regulator don't reflect cultural shortcomings under his waBank of Australia chief executive Ian Narev has admitted the bank «made mistakes» in failing to report money laundering but defended his leadership, saying he is «motivated» to help restore trust and that problems identified by Australia's financial transactions regulator don't reflect cultural shortcomings under his wabank «made mistakes» in failing to report money laundering but defended his leadership, saying he is «motivated» to help restore trust and that problems identified by Australia's financial transactions regulator don't reflect cultural shortcomings under his watch.

I'm not so sure,» he said, adding it was also unclear if the regulators and central banks would watch bitcoin's growth from afar or become involved.

Julie Dickson, superintendent of Canada's chief banking regulator (the Office of the Superintendent of Financial Institutions, or OSFI), said in a recent speech that although most banks already have real estate underwriting policies, «we had noticed cases where board approved policies were not being followed.»

Banks likely purged any account related to marijuana in reaction to the comments, says Lamine Zarrad, a former regulator in the U.S. Treasury Department and CEO and founder of cannabis payment processor Tokken.

The bank informed its regulators and launched an internal investigation which found the tapes had «most likely been disposed of», Sullivan said.

Stumpf has said that the culture was not to blame and that employees were not pushed to oversell, but the bank also suspended these incentives for employees following its $ 185 million settlement with regulators.

William Dudley, who plans to step down later this year, said regulators should encourage banks to overhaul their corporate cultures to reduce risk and bad behavior.

When Chinese bank regulator Li Jianhua died at his desk last year finishing a report, his employer, the China Banking Regulatory Commission, released a statement saying he was a «model for party members and cadres.»

Not only can banks on the platform assure bank regulators like the FDIC that everything is above board, Hypur breaks down the provenance of every dollar coming into a cannabis bank account, says Sinnwell.

Camden R. Fine, president and CEO of the IBCA says that the seemingly constant drumbeat of stories about big banks taking advantage of consumers and entering into huge legal settlements with federal regulators will only help small banks increase their deposit share.

China said it will merge its banking and insurance regulators, in a long - awaited move to streamline and tighten oversight of the financial system in the world's second - biggest economy.

He also said the chief technology officers at all the major Canadian banks are working in conjunction with the Bank of Canada and the federal banking regulator on cybersecurity.

The JPMorgan CEO said that his bank was «under assault,» and questioned whether the increased scrutiny by regulators of banks since the financial crisis has gone too far.

But Dimon effectively said the proposal shows that regulators still don't get his bank.

The federal banking regulator, the Office of the Superintendent of Financial Institutions, also last summer said it was reviewing domestic retail sales practices at Canada's key banks, focusing on «risk culture» and «the governance of sales practices.»

If the regulator finds potential criminal activity by either the borrowers or the banks, it could also refer the matter to prosecutors for further investigation, Alter said.

The euro was hurt against the yen by a German newspaper report saying Germany's regulator had ordered large banks to simulate a break - up.

«What we have seen is the banks and the regulators slow down housing creditor, it's down to about 5 or 6 percent now,» he said.

The report comes just a day after Fed Chair Janet Yellen said regulators continue to look into the bank's cross-selling scandal and could take further enforcement action.

China's financial system is plagued by unlicensed financial activity and illegal fundraising, thanks to a system of corrupt regulators colluding with wrongdoers, said Xu Jia'ai, the newly appointed head of discipline at China's central bank, this week.

«The financial performance of the community banks shows that Congress and the regulators, I think, have done a pretty good job of tailoring the rules to protect community banks,» Warren said.

«I think psychologically, after going through the financial crisis, banking regulators and examiners have reacted in a way where their relationship has changed with the banks they supervise,» said Brian Gardner, a policy analyst at Keefe, Bruyette & Woods.

After JPMorgan recently resisted a settlement with the nation's commodities trading regulator, the people briefed on the matter said, the agency began drafting a lawsuit connected to the bank's multibillion - dollar «London whale» trading loss last year.

As regulators seek to impose a $ 1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday...

«We are one mouse click away from a doomsday situation being set in motion,» said Haynes, who has made presentations on cyberthreats for officials from the Bank of Canada and other regulators.

LONDON (Reuters)- The world's top 30 banks face a higher minimum requirement for their broadest measure of capital, global regulators said on Monday as they flagged a two - tier leverage ratio regime for the first time.

The bank said it discovered the weaknesses in its compliance policies on its own and voluntarily disclosed them to regulators.

In early deliberations over the financial regulatory plan known as Dodd - Frank, Summers captured the president's imagination with a colorful analogy that emphasized the need for a new agency to protect consumer interests, saying banking regulators could not be trusted to do the job, according to participants in the meeting.

Last year, Chinese regulators told banks to stop providing funding for several of Wanda's overseas acquisitions as Beijing looks to curb what it sees as irrational spending by some major domestic conglomerates, sources have said.

BEIJING Guo Shuqing, head of China's new regulator for the banking and insurance sectors, can be expected to also be installed soon in the role of Communist Party chief of the People's Bank of China (PBOC), two sources with knowledge of the matter said on Sunday.

Mike Brosnan, senior deputy comptroller for large banks at the OCC, said the regulator continuously evaluates contingency planning at the banks and savings associations it supervises.

«Recovery plans required of the largest banks are helpful in ensuring banks and regulators are prepared to manage periods of severe financial distress or instability affecting the banking sector,» he said.

The banks themselves will sort all the homeowners into the various categories, the officials said, but regulators will oversee that process.

With regulators around the world calling for rules and laws governing trading in cryptocurrency, a director of Germany's central banks said rules...

Yes, three banks he's invested in, including Promsberbank, all had their licenses revoked, he says, but that's the result of overzealous regulators, not any wrongdoing on his part.

The banking regulator is probing loans made to serial acquirers Anbang, Fosun, HNA and Wanda, reports say.

The regulator said that in the 18 months leading up to June 30, 2013, its examiners saw more banks offering more attractive loans.

Canadian banks, ranked the soundest by the World Economic Forum, can withstand major economic disruptions because they moved more quickly than their competitors to raise capital buffers, the country's banking regulator said.

Speaking on behalf of the bank from the St. Petersburg International Economic Forum (SPIEF) 2017, Skorobogatova said, «Regulators of all countries agree that it's time to develop national cryptocurrencies, this is the future.

«A new U.S. rule aimed at restoring consumers» ability to band together to sue financial companies has survived its first challenge, as a top banking regulator on Monday said he would not petition for it to be suspended... «The rule is a well thought - out response to the serious consumer harm of forced arbitration,» said Brian Marshall, policy counsel for advocacy group Americans for Financial Reform.»

While CoreLogic figures typically show a downturn in May, the weaker performance was a consequence of tighter credit rules after banking regulator APRA in March strengthened its policies on lending to investors and worsening housing market sentiment as seen in this month's Westpac Melbourne Institute report, Mr Lawless said.

A 2010 consent order with bank regulators has precluded Harbor from making dividend payments so the banking company can use that money instead to raise its capital levels, Haskins said.

«I apologise to the bank's customers and staff, our regulators, our shareholders and the Australian community for letting them down,» he said.

In answer to a question on regulatory capture at the Federal Reserve banks, Conti - Brown said «the very idea that bankers are selecting their regulator — not through Congress but directly through the exercise of vote should give us all pause... How could the Reserve Bank presidents do anything but dance with the one that brung them.»

Senior executives at China's Big Four state - owned banks say regulators are also exploring ways for banks to exchange bad loans for equity in certain too - big - to - fail companies — a potentially controversial step that they say could saddle banks with near - worthless stock and squeeze their liquidity.

Mr. Jenkins and Mr. Thiessen said systemic risk should be the responsibility of a committee of regulators led by the governor of the Bank of Canada.