The Foreign Bank Supervision Enhancement Act is being criticized as too strict , and some fear that it may discourage foreign banks from doing business in the US. The law places foreign banks under the authority of the Federal Reserve Board and the OfficeThe Foreign Bank Supervision Enhancement Act is...
I am pleased to have the opportunity to appear before this committee today in support of the Foreign Bank Supervision Enhancement Act, which is designed to strengthen the supervision and regulation of foreign banks operating in the United States. As you have requested, I will also comment on section 231...
The growth of foreign banks in America may be limited by legislation currently before Congress and the Senate. The laws are concerned with domestic subsidiaries and securities affiliates. The growth of foreign banks in America may be limited by legislation currently before Congress and the Senate. The laws are concerned...
OLDWICK, N.J. -- In the Democratic primaries earlier this year, they were rivals. But as President-elect Barack Obama begins work crafting what will have to be among his first initiatives--a new regulatory framework for financial services--he will do so with Senate Banking Committee Chairman Christopher Dodd as a linchpin to...
The IRS is pursuing "numerous" investigations of financial institutions that helped foreign investors avoid federal taxes on U.S. stock dividends through allegedly abusive offshore transactions, the tax agency's top official told Congress on Thursday. IRS Commissioner Douglas Shulman made the disclosure at a Senate Permanent Subcommittee on Investigations...
OLDWICK, N.J. -- After a tumultuous first quarter of scheduled and surprise cuts in the overnight federal funds target rate, the Federal Reserve Board voted 9-1 in second quarter 2008 to keep the target rate at a low 2.00%. The lone dissenter was Richard Fisher, president of the Federal Reserve...
There's little debate that speculators have helped drive up the price of oil. The question is how much. Now, Congress is considering clamping down on the practice. Large banks and hedge funds buy and sell futures contracts for oil like other commodities. Typically, the oil is never delivered,...
Looking back on 2007, it becomes clear to me that three emerging trends will be meaningful for the banking industry in 2008. First: There will be changes in the way mortgages are financed. The same way that the late 1980s are remembered for the farm crisis and the late...
You don't have to look very far (Zions Bank, for example, or the Jordan River) to see the affinity that early Mormon settlers felt for Judaism. A century and a half later, it's still "a unique and special relationship," says Mark Paredes, who is both director of...
Byline: Andrew C. Schneider Is your foreign business partner also working with Iranian companies? It's probably worth trying to find out, especially if your company trades or invests in goods with potential nuclear applications. These include various types of machine tools, electronics ...
Is your foreign business partner also working with Iranian firms? It's worth trying to find out, especially if your company trades or invests in goods with potential nuclear applications...machine tools, electronics, specialty metals, industrial chemicals and design software. Congress...
ROSS WESTGATE, CNBC ANCHOR: Now the U.S. treasury secretary, Hank Paulson, has been speaking in Beijing. He has described the talks that he has had with Chinese authorities as being fairly positive. He says China`s foreign exchange flexibility is a core issue for the...
Byline: Andrew C. Schneider, Peter Goldstein Congress is likely to abandon its tough-guy pose on Chinese imports for now. A proposal to slap Chinese imports with a whopping 27.5% tariff is likely to fade in the wake of a substitute pushed by two key...
Byline: Amy Fagan, THE WASHINGTON TIMES Bills that aim to improve the security of the nation's ports and other key infrastructure advanced in both the House and Senate yesterday, weeks after public uproar scuttled a Dubai-owned company's bid to operate terminals at six U.S....
DYLAN RATIGAN, CNBC ANCHOR: Well, a short time ago, the Senate Banking Committee panel approved a bill giving Congress more oversight of foreign takeovers. The bill would require longer security reviews on purchases of critical U.S. infrastructure. The question is, is this...
Byline: THE WASHINGTON TIMES What is green and red, includes a photograph, is needed only by illegal aliens and is issued here in the U.S. - by a foreign government? No idea? A hint - it's a photo ID card. ...
Runyan, JoshuaJewish Exponent02-02-2006As Hamas begins to work out the nuts and bolts of controlling a majority ofthe Palestinian parliament following last week's election upset in the WestBank and Gaza Strip, Congress is quickly moving to isolate a Hamasledgovernment before it even gets under wayTaking their lead from the Bush administration...
Congress may be getting ready to change the regulations that dictate how the U.S. government must assess the potential takeover of an American company by a foreign company. The Exxon-Florio rules passed in 1988 are meant to prevent a takeover with negative national security implications. Those rules set up the...
ABSTRACT At a time when complaints and decisions in investor--state arbitration are proliferating as never before, concerns are being raised by the U.S. Congress, NGOs and some foreign governments over the lack of consistency or serious errors among the decisions that emanate from the largely ad hoc arbitral...
Byline: William Hawkins, SPECIAL TO THE WASHINGTON TIMES The Chinese National Overseas Oil Co. attempt to buy the American oil company Unocal had a happy ending, with Chevron winning control instead. But Congress is reviewing how foreign takeovers of U.S. firms are monitored and...
Articles 2005-10-24
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