Financial Services

US President Donald Trump said he has formed a committee of three of his aides to hold a hearing to investigate mortgage-fraud allegations against Federal Reserve Governor Lisa Cook, months after the Supreme C... (more story)

UniCredit has requested European Commission approval for its plan to increase its ownership share of German rival Commerzbank, according to an update on the regulator's website. The intended takeover, which wi... (more story)

China's central bank has issued a forceful rejection of claims that it manipulates the yuan exchange rate to gain trade advantages, declaring that market forces play the decisive role in determining the curren... (more story)

The American Express National Bank, one of the US’s largest credit and charge card issuers by transaction volume, was fined $350 million by the US Office of the Comptroller of the Currency for deficiencies in ... (more story)

The nonpartisan US Government Accountability Office has said it will investigate the impact of the Commodity Futures Trading Commission's workforce cuts on the agency's ability to carry out its expanding respo... (more story)

The US Securities and Exchange Commission “has serious concerns” about coordination among BlackRock, State Street and other funds in the attempted ouster of some ExxonMobil directors in 2021, but stopped short... (more story)

The US Securities and Exchange Commission adopted a new rule that allows a one-member quorum to be present for a vote, revising a 1995 rule that permitted two SEC members to constitute a quorum in certain case... (more story)

The US Federal Reserve this year will consider changes to the asset-based community bank threshold of $10 billion in a move to expand the number of small banks relieved of more stringent supervisory expectatio... (more story)