Rival investors seek to stop Chinese takeover of Chicago Stock Exchange

In December 2016, the Committee on Foreign Investment in the United States approved the CHX deal. But in August, the SEC delayed action on the purchase and has offered no timeline for when it will make a decision. | Getty

 

A group of U.S. investors hoping to buy the Chicago Stock Exchange is lobbying Congress to torpedo a rival, Chinese-backed acquisition proposal that is stalled at the Securities and Exchange Commission.

Lobbyists representing “Exchange Capital LLC,” a special-purpose entity for a private-equity investor group, said they helped generate a Sept. 26 letter led by Rep. Robert Pittenger (R-N.C.) to the SEC raising “serious concerns” over the CHX acquisition.

Iran ‘Blackmailing’ U.S. for Greater Nuke Concessions

Experts: Obama admin going above and beyond nuke deal to aid Iran

The Obama administration is taking steps to aid and please Iran far beyond U.S. commitments under last summer’s nuclear accord, according to experts, who warned Tuesday during testimony on Capitol Hill that the White House is becoming “dangerously close to becoming Iran’s trade promotion and business development authority.”

The Obama administration’s efforts to boost Iran’s economy and resurrect its financial sector are not required under the comprehensive nuclear agreement, yet the White House is undertaking this role to soothe relations with the Islamic Republic, nuclear experts told the Senate Banking Committee.

U.S. Federal Reserve to review how it supervises major banks

(Reuters) – The U.S. Federal Reserve said on Thursday it has launched a review of how it oversees major banks, calling on its inspector general to help with the probe after a series of critical reports.

Separate studies to be undertaken by the Fed’s Washington-based Board of Governors and its Office of Inspector General are meant to ensure that “divergent views” about the state of large banks are adequately aired.

The reviews will determine whether frontline supervisors and other officials at the regional Federal Reserve banks, as well as at the board level, “receive the information needed to ensure consistent and sound supervisory decisions,” the Fed said in a press release.