Compliance

Regulators have closed Eastside Commercial Bank in Conyers, Ga., the 13th institution to fail this year.

The financial services industry and others are seeking better metrics for analyzing the economic impact of the regulatory reform law, with some saying it is hampering the recovery and having other unintended effects.

The banking industry is pushing back against a plan released this week by the Consumer Financial Protection Bureau to publicize more details about consumers' individual complaints about financial companies.

Rep. Spencer Bachus (Ala.) is the first Republican in Congress to endorse the Investment Adviser Examination Improvement Act.

The panel is comprised of seven public members and six industry representatives, pulling together advocates, attorneys, regulators and executives from firms such as Citigroup, Morgan Stanley and Securities America.

Daugs fraudulently misused client assets "to make loans to himself to buy a luxury vacation home and refinance a rare vintage automobile," according to the SEC.

Bank of America hasn't budged from an offer to pay about $13 billion to settle federal and state probes of mortgage-backed bond sales, increasing the likelihood that prosecutors will sue the bank, according to two people with knowledge of the matter.

The IRS has partially withdrawn some of the rules it had earlier proposed on limiting rollovers from individual retirement arrangements.

Raoul Weil, a former top UBS AG banker facing trial in Florida on charges of helping Americans evade taxes, asked a judge to allow defense witnesses outside the country to testify by video because they fear retaliation if they come to the U.S.

The riskiest money-market mutual funds will have to let their share prices fluctuate and charge investors withdrawal fees during times of stress under tougher U.S. rules set for adoption this month.

Last year's push by some lawmakers to rein in the big banks may have lost steam, but an imminent GAO report and committee leadership changes could give the issue new life.

Opponents argue that the long time horizon and heated controversy could convince the White House to back away from the retirement plan proposal.

Financial products and markets are so thoroughly intertwined that regulators need to take a more holistic approach than they have in the past.

New options could stake out a middle ground between a lump-sum payout from a 401(k) and putting the entire plan into an annuity.

The IRS is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.

BNP Paribas' record $8.9 billion penalty and criminal guilty plea could have reverberations industrywide, including emboldening the Justice Department to seek similar actions against domestic banks and causing international regulators to take retaliatory action.

Even minor run-ins with the law can haunt you if you don't report them properly.

Some broker-dealers and some issuers have distorted the truth about the municipal advisor rule, said a former SEC lawyer who worked on the new regulatory regime.

Selling a home in retirement; Frailty risk different from health care expenses; State of senior health, by state.

A former Credit Suisse managing director for investment banking who had pleaded guilty to lying about the value of mortgage-backed bonds in 2007, avoided time in prison after cooperating with prosecutors.