Compliance

Frank Keating pledged Tuesday to take a bipartisan approach as the next head of the American Bankers Association, dismissed concerns about a past scandal from his former career as Oklahoma governor as "unfair" and touted his experience with issues relevant to mortgage securitization and the Bank Secrecy Act.

A pullback in reserves helped drive another solid profit for banks and thrifts last quarter, but the Federal Deposit Insurance Corp.'s assessment of the industry's health Tuesday was tempered by mortgage fallout concerns.

The inclusion of one word in the Dodd-Frank law is raising concerns among bankers that it will lead to a ban on certain financial products or services.

Canada's Industry Regulatory Organization has proposed the implementation of single-stock circuit breakers.

The Securities and Exchange Commission has named Jennifer B. McHugh as acting director of the division of investment management, replacing Andrew “Buddy” Donohue, who left Friday after four years heading the division.

The FBI raided the offices of three hedge funds Monday, beginning its investigation into insider trading, The Wall Street Journal reports, citing people familiar with the matter. The FBI is planning to raid additional hedge funds, they said.

The papers reported over the weekend that the SEC, FBI and the office of Manhattan U.S. attorney Preet Bharara are readying insider-trading charges against numerous financial professionals.

Two former back office assistants of Bernard Madoff were arrested Thursday, after the Securities and Exchange Commission Thursday charged the employees with helping to create phony account statements for his multibillion dollar fraud.

The Securities and Exchange Commission is reportedly investigating a complex $1 billion investment deal Citigroup Inc. arranged leading up to the financial crisis.

The FDIC Chairman discussed her priorities for the rest of her term, and the many bankers who think she is too focused on consumer protection will be surprised to hear her list.

A state regulator fined a Bank of America investment unit for allowing its advisors to mislead clients about bonds related to government sponsored enterprises.

Some employers are not depositing workers’ retirement or health plan contributions.

Fund executives also don’t like the proposed new name “marketing and service fees.”

The mutual fund industry has weighed in through its comment letters on the Securities and Exchange Commission’s plan to rename 12b-1 fees as “marketing and service fees” and capping them at 25 basis points.

The Department of Labor is cracking down on employers who fail to deposit workers’ retirement or health plan contributions but using the money for their own purposes instead.

John Bowman, the acting director of the Office of Thrift Supervision, lashed out Wednesday at the Dodd-Frank Act, arguing it made his agency the scapegoat for the financial crisis and ...

Analysts say growth will stall or slow if upper income households see a tax increase.

The ­Securities and Exchange Commission would violate the Tower Amendment and the principles of federalism if it applies its proposed rules on asset-backed securities to municipal bonds, 14 market groups warned this week.

Top executives want to reassure lawmakers that foreclosure alternatives are paramount.

But IRS Commissioner says the investigation isn’t over and the closed cases so far have averaged more than $200,000 in tax collections per case.