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Promontory Financial Group, LLC won't be able to enter into new contractual relationships with troubled New York-regulated banks until further notice, the state's financial regulator said Monday. After a 2-year investigation, the New York State Department of Financial Services (NYSDFS) said it will deny indefinitely the Washington, D.C.-based consultancy's requests for confidential supervisory information pursuant to New York State Banking Law 36(10). The regulatory agency, which did not issue a fine with the ban, said the company "exhibited a lack of independent judgment" by whitewashing reports at the request of its client, Standard Chartered Bank. Promontory, which was founded in...