Members of the House Financial Services Committee have received, on average, $138,422 in campaign contributions from the financial services industry so far this year -- more than twice what non-committee members have taken in. And ten committee members who are cosponsors of two industry-friendly amendments received an average of about $200,000 from the financial sector.
WASHINGTON — The broadest revamp of financial regulation in seven decades cleared a key congressional committee Wednesday and will move next week to debate on the floor of the House of Representatives .On a 31-27 party-line vote, the House Fin
Three pan-European watchdogs are to be created to oversee the financial services sector under a compromise deal struck by ministers in Brussels.The breakthrough came after several hours of negotiations on Wednesday, with European Union finance minis
BRUSSELS - European Union finance ministers agreed on Wednesday a compromise deal for pan-European oversight of banks, insurers and markets, a diplomatic source said. The ministers have reached an agreement, overcoming strong reservations from Br
London’s banking sector on Monday gained scant support from reports that Dubai was to be bailed out of its debt problems.Last week’s request by Dubai World, the state holding company, for a six-month standstill on debt repayments, raised concerns ab
Thirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, the Financial Times has learnt.The list includes six insurance companies – Axa, Aegon, Allianz, Aviva, Zurich and Swiss Re – w
BRUSSELS - Prime Minister Gordon Brown has made it a personal priority to rein in European Union proposals to regulate financial services from Brussels, a source has said. Britain's concerns on this area remain -- it's obviously going to go to the
BRUSSELS - Prime Minister Gordon Brown has made it a personal priority to rein in European Union proposals to regulate financial services from Brussels, a source said Thursday. Britain's concerns on this area remain -- it's obviously going to go t
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