News Topic: SEC

Citigroup hopes to return $60 billion to shareholders by 2020 while earning $20 billion a year; SEC says companies that raise money by selling their own electronic tokens for cryptocurrencies may be subject to federal oversight. ... Read full article

Five regulators agreed to coordinate "their respective reviews" on the exclusion of foreign funds from Volcker Rule restrictions. ... Read full article

A regulatory plan to create new restrictions on banks’ executive compensation practices appears dead – but changes since the financial crisis may have made the proposal largely obsolete anyway. ... Read full article

There are barriers to possible efforts by Acting Comptroller of the Currency Keith Noreika to act unilaterally to change the Volcker Rule. ... Read full article

The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees. ... Read full article

More than 100 days into Trump’s presidency, financial regulators still lack key appointments. Here's why that matters. ... Read full article

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals. ... Read full article

A carve-out that shielded billions of dollars in collateralized loan obligations from Dodd-Frank's risk-retention mandate could work against banks and other CLO managers if Dodd-Frank is overhauled. ... Read full article

The Senate Banking Committee approved the nomination of Jay Clayton as chairman of the Securities and Exchange Commission in a 15-8 vote on Tuesday. ... Read full article

Investors concerned about the impact on banking of climate change, the pay gap and ethics matters are pushing back against a coalition of the heads of the biggest U.S. banks and other public companies that wants to limit small investors’ access to proxy ... Read full article

Jay Clayton, the Wall Street lawyer tapped to lead the Securities and Exchange Commission, faces what could be an uncomfortable reunion this week with Senator Elizabeth Warren. ... Read full article

The SEC may have a more difficult time than other agencies adopting lenient financial regulations; the Fed's newest stress tests may be easier on the biggest banks. ... Read full article

The issue stemmed from how the company handled collateralized-loan obligations for calculating capital ratios. ... Read full article

European Pressphoto Agency Victims that lost money as a result of General Motors Co.’s ignition-switch problem could be forced to battle Old GM creditors for the remains of a trust that contains just more than $1 billion, accord ... Read full article