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Germany's top banking supervisor urged the U.S. to abandon its insistence on forcing big foreign banks to operate through separately capitalized subsidiaries, warning it could trigger a chain reaction in Europe and other jurisdictions that could fragment world financial markets."If one starts with renationalization, others will follow. The danger will increase that everybody makes their own laws," Sabine Lautenschlaeger, vice president of the Deutsche Bundesbank, said in an interview with Dow Jones Newswires, conducted Thursday.Ms. Lautenschlaeger's comments are part of a growing European pushback against U.S. measures proposed in December implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, which would force foreign banks to hold more liquidity and capital with their U.S. subsidiaries.The proposals embody the way that Congress has extended its reach beyond the U.S. in its attempts to clamp down on risky banking since the crisis. Under it, foreign banks would be ...
The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks does not fragment into two competing sy...
Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slo...
European Union authorities Friday announced broad restrictions on three insecticides suspected of causing mass bee deaths.The insecticides--clothianidin and imidaclo...
European stock markets climbed on Friday, partly recovering from a sharp selloff the prior day, after better-than-expected German business confidence data signaled a...
U.K.'s FTSE 100 index slipped on Friday, with mining firms adding pressure as metals prices turned south and with banks building to the prior day's losses.The FTSE 1...
General Robert Scales calls for a change in culture following latest allegations of misconduct
If you invest $10,000 in a good stock and get a 20% return, you'll make $2,000. But what if you could have borrowed another $10,000 to buy more stock and doubled you...
Lloyds Banking Group PLC is looking to auction about $8.7 billion of U.S. mortgage securities, a person with knowledge of the sale said Thursday.The assets are a mix...
Germany's Deutsche Bank AG (DB) Thursday said the operating environment remains challenging and that the cumulative effects of proposed regulation are hard to predic...
Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a sp...
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State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a bar...
Germany's top banking supervisor urged the U.S. to abandon its insistence on forcing big foreign banks to operate through separately capitalized subsidiaries, warnin...
Wayne Rogers & Co. chairman Wayne Rogers sounds off on the IRS scandal and ObamaCare.
U.K.'s FTSE 100 index dropped on Friday, with mining firms adding pressure as metals prices turned south and with banks extending the prior day's losses.The FTSE 100...
European stock markets added to the prior day's sharp losses Friday, tracking stocks lower in the U.S., with better-than-expected economic data failing to offset con...
U.K.'s FTSE 100 index dropped on Friday, with mining firms adding pressure as metals prices turned south and with banks extending the prior day's losses.The FTSE 100...
European stock markets added to the prior day's sharp losses on Friday, tracking stock futures lower in the U.S,. where investors grew cautious ahead of the long wee...
European stock markets dropped on Friday, adding to the prior day's sharp losses, as investors looked to the U.S., where stock futures pointed to a lower open ahead ...
