EU Plan Said to Give ECB Sole Power to Grant Bank Licenses
The European Central Bank would have the sole power to grant banking licenses under proposals to give it supervisory powers and build a euro-area banking union, a European Union official said.
FCC Chief Said Ready to Propose Changing Test on Spectrum Deals
Federal Communications Commission Chairman Julius Genachowski will propose altering how the agency judges whether airwaves purchases by wireless providers raise anti-competitive concerns, two officials said.
Citigroup Settles Suit Over Home-Equity Credit Reductions
Citigroup Inc. will let customers challenge the suspension of home-equity loans and provide $120 apiece to some ex- borrowers whose credit lines were cut, under the settlement of a lawsuit challenging its practices.
JPMorgan Sued by Louisiana Pension Fund Over Currency Trades
JPMorgan Chase & Co. was accused in a lawsuit of manipulating clients’ foreign-exchange transactions for its own benefit.
Hudson City Bancorp Sued by Investor Over M&T Takeover Offer