regulation

In three states, regulators have started or widened investigations into insurers after a judge described MetLIfe Inc's (MET) marketing of asset accounts as "inherently deceptive." On Sept. 10, U.S. District Judge Larry Hicks in Reno, Nevada said that MetLife gave customers the misimpression that...

POM Wonderful, maker of the punchy bordeaux-colored pomegranate beverage, is facing an FTC lawsuit that says it's been lying to consumers about the drink's health benefits. The suit comes days after the juice maker filed its own complaint saying the agency's new advertising standards impinge on...

Regulators may outline new rules to target so-called window dressing, a practice that some banks use to temporarily reduce their debt levels before reporting their finances. The SEC is scheduled to raise the matter at a meeting on Friday, then issue proposals for public comment, The Wall Street...

Stephen Green, the chairman of British bank HSBC (HBC), will step down to become the United Kingdom's new Trade Minister, BBC News reported. The appointment will be announced later today, BBC News said without naming its sources. There has recently been speculation that HSBC could move its...

Lehman Brothers Holdings, the once great Wall Street firm that went bankrupt at the height of the financial crisis, says it will have to pour hundreds of millions of dollars into two struggling units to avoid failures that could cost the investment bank billions.

U.S. Senator Charles Schumer, a Democrat from New York, is asking the Federal Reserve to scrutinize credit-card issuers pitching business credit cards to people who don't own businesses or are retired. Business credit cards are exempt from the provisions of the newly-enacted credit-card...

A new rule forcing U.S. companies to disclose the ratio between their chief executive's pay and that of the typical employee is a "logistical nightmare"", lawyers say. "It's just not do-able for a large company with tens of thousands of employees worldwide," Richard Susko, a partner at Cleary...

BlackBerry services in India may be temporarily suspended if a meeting on Thursday does not address security concerns, Reuters reported. Like several countries in the Middle East and North Africa, India is asking for access to encrypted communication used by BlackBerry maker Research In Motion...

Bank of America Corp. (BAC) is working to be released from a "secret U.S. sanction" imposed during the financial crisis, The Wall Street Journal reported. The confidential agreement restricts the bank's ability to raise dividends and forces it to get regulatory approval for other major decisions,...

A bill that passed the House of Representatives on Friday would, among other things, eliminate the $75 million cap on liabilities related to oil spills. The overhaul of the nation's offshore drilling regulations would require oil companies to pay the full cost involved with any spills.