A top Republican lawmaker on Monday urged the U.S. Consumer Financial Protection Bureau to abandon the renovation of its Washington building and find cheaper office space, a sign critics intend to keep up scrutiny of the agency this year.
Connecticut investment advisor Noah Myers was sentenced to 40 months in prison on Monday by a District Court for defrauding investment clients in a "cherry-picking" securities scheme.
The White House warned on Monday that President Barack Obama would veto Republican-backed legislation in the U.S. House of Representatives that would scale back financial reforms, including the Volcker rule.
Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing Europe's banks in the next two years, Morgan Stanley analysts said.
