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Financial Institutions, Inc. stock price
Financial Institutions, Inc. latest news:
Canada to introduce new stricter bank capital rules
Canada's banking regulator said on Tuesday it would introduce new capital rules stricter than those proposed by global regulators to ensure banks can withstand financial shocks. The Office of the Superintendent of Financial Institutions said the changes were designed as an interim step before new global rules are phased in from 2022.
Japan's Nomura poised to start China retail brokerage business: CEO
TOKYO (Reuters) - Nomura Holdings Inc is ready to serve wealthy Chinese as soon as the world's second-largest economy allows foreign financial institutions to open securities brokerages, the chief executive of Japan's biggest brokerage and investment bank said.
MOVES-Citi promotes Davison in FIG reshuffle in EMEA
Citigroup(C) has promoted Piers Davison to co-head its financial institutions group in Europe, Middle East and Africa, as part of a raft of changes in the FIG business at its corporate and investment bank. Davison, who was previously head of FIG investment banking in EMEA, will join Stefan Wintels as co-head, according to an internal memo sent to staff and seen by IFR.
CFPB’s Dealer Markup Guidance Faces Repeal in Congress
Congress’ investigative unit determined a controversial 2013 guideline from the Consumer Financial Protection Bureau — which holds financial institutions responsible for discriminatory lending practices at dealerships — is subject to Congressional review and could be headed to Capitol Hill for a vote among deregulatory-minded Republicans. In March, Senator Pat Toomey requested that the U.S. […]
MOVES-Deutsche Bank names new head of TFFI in MENA, Turkey
Deutsche Bank appointed Ahmed Shehab as head of trade finance for financial institutions in the Middle East, North Africa and Turkey. Shehab, who has been with Deutsche Bank for more than 10 years, will be based in Egypt in his new role.
Brazil's Senate passes bank leniency terms, higher fines
BRASILIA, Oct 25 (Reuters) - Brazil's Senate on Wednesday
passed a bill that raises maximum fines on financial
institutions involved in illicit acts, sending the measure for
presidential signature as part of efforts to tackle the
country's worst ever corruption scandal.
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