International Business News - Regulatory http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Insurance and investment manager Lincoln Financial Group said Monday it is applying to become a savings and loan after reaching a deal to acquire Newton County Loan & Savings FSB. http://www.ibtimes.com/articles/20081117/lincoln-financial-buying-bank-applying-for-funds.htm Mon, 17 Nov 2008 09:58:25 EST After reaching a deal to acquire Interbank fsb, insurer Genworth Financial Inc. said it is applying to become a savings and loan, in a move to become eligible for funds under the government's $700 billion bank rescue package. http://www.ibtimes.com/articles/20081117/genworth-buying-bank-applying-for-govt-funds.htm Mon, 17 Nov 2008 07:06:43 EST CIT Group Inc. said Thursday it has applied to the Federal Reserve to become a bank holding company, a move which would make the commercial finance firm eligible for funding under the government's $700 billion bank rescue program. http://www.ibtimes.com/articles/20081113/cit-group-applies-to-become-bank-holding-company.htm Thu, 13 Nov 2008 18:47:06 EST Financial services firms will likely face a broad new regulatory environment in 2009 that could help regain at least a portion of the profitability enjoyed earlier this decade, analysts said Wednesday. http://www.ibtimes.com/articles/20081105/financial-regulatory-overhaul-likely-under-obama.htm Wed, 05 Nov 2008 15:45:54 EST New England public utility Unitil Corp. said Wednesday it resolved state regulatory concerns arising from its proposed purchase of two companies from Indiana-based NiSource Inc. http://www.ibtimes.com/articles/20080827/unitil-resolves-state-regulatory-concerns.htm Wed, 27 Aug 2008 14:25:33 EDT German biotechnology company GPC Biotech AG said Friday its European partner withdrew an application for the troubled cancer drug candidate satraplatin, a move made by GPC in the U.S. last year. http://www.ibtimes.com/articles/20080725/gpc-partners-pull-cancer-drug-application.htm Fri, 25 Jul 2008 18:19:20 EDT GMAC Financial Services said Wednesday it received a 10-year extension of its existing disposition requirement for its banking unit from the Federal Deposit Insurance Corp. http://www.ibtimes.com/articles/20080716/gmac-receives-extension-of-approval-for-bank-unit.htm Wed, 16 Jul 2008 10:10:05 EDT Bond insurer Ambac Financial Group Inc. said Monday that after discussions with the Office of the Commissioner of Insurance in Wisconsin, it is hopeful it will be able to fund its municipal bond insurance unit Connie Lee. http://www.ibtimes.com/articles/20080707/ambac-seeks-approval-to-fund-connie-lee-unit.htm Mon, 07 Jul 2008 14:09:53 EDT Consumers can now use Visa debit cards for smaller purchases without entering a personal identification number, the same way they can skip signing receipts. http://www.ibtimes.com/articles/20080701/visa-rescinds-debit-card-rule.htm Tue, 01 Jul 2008 18:13:22 EDT Mortgage lender Thornburg Mortgage Inc. on Wednesday disclosed in a regulatory filing that the Securities and Exchange Commission has requested documents tied to the company's restatement of its 2007 financial results and margin calls it has received. http://www.ibtimes.com/articles/20080618/thornburg-says-it-received-subpoenas-from-sec.htm Wed, 18 Jun 2008 08:47:58 EDT AmCOMP Inc., a provider of workers' compensation insurance products, said Tuesday it filed a petition requesting a hearing to review a claim by the Florida Office of Insurance Regulation that the insurer realized excessive profits between 2003 and 2005. http://www.ibtimes.com/articles/20080610/amcomp-requests-review-of-regulators-claim.htm Tue, 10 Jun 2008 17:35:37 EDT Regional bank National City Corp. confirmed Tuesday it has reached agreements with two regulators that address issues of capital, risk asset quality and liquidity management. http://www.ibtimes.com/articles/20080610/national-city-confirms-regulatory-agreement.htm Tue, 10 Jun 2008 10:24:13 EDT Payday lender Dollar Financial Corp said Thursday it will continue to review its operations in Ohio after new legislation was passed in the state restricting fees and rates on short-term loans. http://www.ibtimes.com/articles/20080515/dollar-financial-reviewing-ohio-operations.htm Thu, 15 May 2008 09:07:02 EDT Tax preparation firm H&R Block Inc. said Friday the Office of Thrift Supervision has rescinded a rule requiring the company to hold a 3 percent tangible capital reserve. http://www.ibtimes.com/articles/20080509/ots-rescinds-capital-requirement-at-h-r-block.htm Fri, 09 May 2008 07:26:44 EDT