Bank of America Corp.'s brokerage arm in South Korea was fined $149,000 by the nation's stock exchange for violating market rules.

Nomura Securities International will pay $25 million to settle charges it failed to adequately supervise traders of mortgage securities.

Federal Reserve vice chairman Randal Quarles says it should not be the goal of the Fed to have banks fail its stress tests.

Under the CFTC's uncleared swap margin rules, participants that do not exceed a $50 million threshold amount for initial margin are exempt.

The SEC will allow asset managers to get disqualification waivers while they are negotiating enforcement settlements with the agency.

The IRS is seeking comments on a proposal that would make it easier for unrelated employers to participate in multiple employer DC plans.

Christine Lagarde, managing director of the IMF, has been nominated to be the next president of the European Central Bank.

The hedge fund firm founded by billionaire Daniel Och has finally put one of the industry's biggest scandals behind it — quietly.

The SEC and CFTC chairmen said they are collaborating on ways to better understand and deal with portfolio margins in the credit swaps.