Financial industry regulation

October 12, 2018 - 6:29 pm
WASHINGTON (AP) — The Education Department said Friday it will no longer try to delay an Obama-era regulation that helped students defrauded by for-profit colleges get their loans forgiven. A federal court ruled last month that Education Secretary Betsy DeVos' decision to delay the regulation,...
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President Donald Trump arrives to speak at a campaign rally at Erie Insurance Arena, Wednesday, Oct. 10, 2018, in Erie, Pa. As Hurricane Michael pounded the Southeast on Wednesday, Trump took shelter at the campaign rally in Pennsylvania, where he sought to boost Republicans before the midterms. (AP Photo/Evan Vucci)
October 10, 2018 - 8:28 pm
ERIE, Pa. (AP) — As Hurricane Michael pounded Florida on Wednesday, President Donald Trump took shelter at a campaign event in Pennsylvania, where he sought to boost Republicans before the midterms. Trump acknowledged the hurricane at the top of his rally in Erie, offering his "thoughts and prayers...
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October 10, 2018 - 10:31 am
GENEVA (AP) — Switzerland's high court has upheld the acquittal of a former private banker who handed over confidential client information to WikiLeaks, ruling he wasn't bound by the country's strict banking secrecy laws at the time. The Federal Tribunal validated a ruling by Zurich's regional...
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FILE- In this Sept. 17, 2018, file photo SpaceX founder and chief executive Elon Musk speaks after announcing Japanese billionaire Yusaku Maezawa as the first private passenger on a trip around the moon in Hawthorne, Calif. U.S. securities regulators have filed a complaint against Musk alleging that he made false and misleading statements about plans to take the company private in August. (AP Photo/Chris Carlson, File)
September 28, 2018 - 6:05 pm
SAN FRANCISCO (AP) — The very attributes that have fueled a mania around Elon Musk — his vision, brash personality and willingness to take risks — could prove to be his downfall. The Tesla CEO who made his fortune and his renegade-genius reputation by bursting through the barriers of conventional...
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FILE - This Aug. 8, 2018 file photo shows the Tesla emblem on the back end of a Model S in the Tesla showroom in Santa Monica, Calif. Tesla investors have taken a wild ride as Wall Street values the promise of one of the world’s leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet. (AP Photo/Richard Vogel, File)
September 28, 2018 - 2:41 pm
NEW YORK (AP) — Tesla investors have taken a wild ride as Wall Street values the promise of one of the world's leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet. Tesla...
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In this January 18, 2008, photo, former Chinese securities regulator Yao Gang, right, and Clara Furse, the then-Chief Executive of the London Stock Exchange, participate in a ribbon-cutting event at a business center for the LSE in Beijing. Yao, the former deputy chairman of the China Securities Regulatory Commission, was sentenced Friday, Sept. 28, 2018, to 18 years in prison on charges of taking bribes and insider trading. (Chinatopix via AP)
September 28, 2018 - 5:07 am
BEIJING (AP) — A former Chinese stock market regulator who was detained after a collapse in share prices in 2015 was sentenced Friday to 18 years in prison on charges of taking bribes and insider trading. Yao Gang, a former deputy chairman of the China Securities Regulatory Commission, was one of a...
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FILE - In this Oct. 11, 2017 file photo, a Pacific Gas & Electric crew works at restoring power following a wildfire along the Old Redwood Highway in Santa Rosa, Calif. California Gov. Jerry Brown signed a measure Friday, Sept. 21, 2018, allowing utilities to bill their customers to pay for future legal settlements stemming from devastating 2017 wildfires, even if the blazes are blamed on the company's mismanagement. The bill is aimed at preventing bankruptcy for Pacific Gas & Electric Co. The nation's largest utility by revenue faces billions of dollars in liability if investigators determine its equipment caused the Tubbs Fire that destroyed thousands of homes and killed 22 people in Santa Rosa last year. (AP Photo/Eric Risberg, File)
September 21, 2018 - 4:33 pm
SACRAMENTO, Calif. (AP) — Gov. Jerry Brown signed a measure Friday allowing utilities to bill their customers to pay for future legal settlements stemming from devastating 2017 wildfires, even if the blazes are blamed on the company's mismanagement. The bill is aimed at preventing bankruptcy or...
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September 19, 2018 - 4:38 am
COPENHAGEN, Denmark (AP) — The chief executive of Denmark's largest bank resigned Wednesday as an internal report into allegations of massive money laundering via its Estonian branch showed that "the vast majority" of transactions "have been found to be suspicious." Danske Bank commissioned the...
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FILE - In this Sept. 5, 2018, photo, Sen. Jon Kyl, R-Ariz., waits to be sworn-in by Vice President Mike Pence during his ceremonial swearing-in at the Old Senate Chamber on Capitol Hill, in Washington. After years of trying to demolish former President Barack Obama’s prized health care law, GOP leaders still lack the votes to succeed. Kyl says he’d vote to repeal the “Obamacare” health care law. That’s one additional Republican ready to obliterate the statute because his predecessor, the late Sen. John McCain, helped derail the party’s drive with his fabled thumbs-down vote last year. It could well be too little, too late. (AP Photo/Cliff Owen)
September 11, 2018 - 8:47 am
WASHINGTON (AP) — Arizona's new senator says he'd vote to repeal the nation's health care law. That's one additional Republican ready to obliterate the statute because his predecessor, the late Sen. John McCain, helped derail the party's drive with his fabled thumbs-down vote last year. It could...
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September 04, 2018 - 6:18 am
THE HAGUE, Netherlands (AP) — Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country's financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed...
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