Regulators in Netherlands this week opened the door for any company — whether Apple, Audi or your local electric utility — to issue its own SIM cards configured to no particular carrier.
Foreign banks with a major presence on Wall Street will no longer be allowed to avoid many of the tougher rules that the United States introduced after the financial crisis to prevent banking failures and bailouts.
LONDON—European banks are considering new ways to cushion the blow of U.S. financial-safety rules set to kick in as early as next year.
The Wells notice appears to be going global.
The Financial Conduct Authority, one of Britain’s financial regulators, made public on Monday warnings to two individuals that it planned to charge them for misconduct related to the rigging of the London Interbank Offered Rate, or Libor.
LONDON – An analysis commissioned by the Green Party in the European Parliament estimates that the cost of the implicit guarantee that governments will back large financial institutions, known as “too big to fail,” was about 234 billion euros in 2012.
New York financial regulators held hearings on bitcoin and other digital currencies this week, and many of the businesses looking to push the digital currency into our everyday lives welcomed them with open arms.