Regulation

U.S. banking regulators plan to issue a proposal soon that would require U.S. financial institutions to hold long-term debt to minimize risks should a firm fail, a top Federal Reserve official said on Friday.

Over the past few years, Wall Street’s collapse has led to a crackdown that’s put many wrongful practices off limits, but it remains a place where a lot of very bad behavior continues to take place out in the open.

In an advisory, the Federal Deposit Insurance Corp. urged banks to be mindful of gaps in liability coverage for director and officer lawsuits – the same lawsuits the FDIC is filing against failed-bank managers.

A British court has forced the Wall Street Journal to backpedal after publishing the names of traders and brokers the government plans to charge with manipulating benchmark interest rates.

The Federal Reserve Board has taken action against the U.S. branch of Germany's Commerzbank for failing to comply with anti-money-laundering regulations.

Mortgage lender Household International Inc., which is now HSBC Finance Corp., must pay an estimated $2.46 billion in a class-action lawsuit claiming it violated federal securities laws.

Timothy Geithner hasn't been Treasury secretary for months, but he gets his name on the new $100 bills that went into circulation last week.

Federal Reserve Bank of Richmond President Jeffrey Lacker said bankruptcy without government support is "the first and most preferable option" in the event of a failure by a big financial institution.

Many payments companies see a conflict between innovation and regulation, with each side perceiving the other as out of touch with their needs, particularly when it comes to new technology.

Regulators are nearing completion of a landmark proposal that would institute a liquidity requirement for financial institutions designed to help buffer against a prolonged market crisis.