financial regulation

Why You Should Care
About the Volcker Rule

This week, the government took a big first step toward shutting down the Can't Lose Room in the Wall Street Casino. It's now one comment period away from enacting the Volcker Rule, which limits the kinds of risky investments banks can make with money insured by the U.S. taxpayer.

Volcker to Resign From Economic Recovery Advisory Board

Paul Volcker, chairman of the Economic Recovery Advisory Board for President Barack Obama, is set to step down from the position next month. As a key adviser to the president, Volcker has advocated for tougher financial regulations and counseled the government on fiscal policy.

The Hidden Cost of Big Wall Street Bonuses to Society

Though most Americans wish that Congress would rein in excessive pay on Wall Street, that won't happen while the huge campaign contributions keep flowing. And the financial industry's big money shell game drains away something more precious from our society than money -- it siphons off talent.

Federal Reserve Releases Massive Amount of Bailout Data

The Fed on Wednesday released detailed information about the efforts it took to stabilize financial markets during the recent downturn. The Fed, which is facing increasing criticism from conservatives, defended its actions, and noted that no money was lost on its bailout programs.

Fed Sets 'Stress Test' Deadline for Biggest Banks

The Federal Reserve has set a Jan. 7 deadline for the largest banks to prove they have the capital to withstand another financial crisis. Bank of America, JPMorgan Chase, Citibank and 16 others will have to file so-called "stress test" documentation by then.

Is the Financial System Safe Now -- or Just Safer?

Since Lehman Brothers went bankrupt in September 2008, regulators around the world have begun erecting a scaffolding of new rules and regulations designed limit excessive risk-taking. The big question is: Are they enough to prevent another financial crisis?

Fixing Fannie and Freddie:
The Debate Begins

The Obama administration acknowledged Tuesday that major changes must be made to mortgage giants Fannie Mae and Freddie Mac, but indicated that it supports continuing government guarantees in the mortgage sector. But is that a good idea?

Don't Blame the Economy on the Uncertainty

The government today is often blamed for causing economic uncertainty, which some point to as the source of all the economy's woes. But there's a deeper issue in play than the fact that we have to guess what's coming next: The problem is the bias in our guesses.

Financial Reform Law Lets SEC Keep More Secrets

The new financial reform law may have made it easier for the SEC to keep secrets. Under the regulations, the SEC is exempt from having to disclose records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities," FoxBusiness.com reports.

A Wall Street Lawyer's Take on Financial Reform

Winthrop Brown, a Washington lawyer who lobbies on behalf of financial services firms, says the new regulations should get fairly high marks from Wall Street -- and from Main Street. But will they prevent another economic meltdown?

Smaller Loan Losses Lift Bank Earnings

Bank of America, Citi and JPMorgan Chase reported earnings that beat expectations -- despite a drop in investment banking and trading income. Results were buoyed by lower losses on loans and credit cards and resulting cuts in loan reserves that were bigger than expected.

The Biggest Winners in Financial Reform

The Dodd-Frank financial regulation reform bill tries to resolve some of the most pressing problems left over from the financial crisis. The effects will clearly be sweeping, even if not all quite predictable. At this early point, here's a rundown of some of the biggest likely winners.

Democrats Push Financial Reform With Slim Margin for Error

Senate Democrats will make the final push to pass a financial reform bill this week, knowing they have slim margin for error in their hunt for votes. The House of Representatives has already passed a version of the bill. To send the bill to President Obama to sign into law, Senate Majority Leader Harry Reid will likely need 60 votes to overcome a procedural hurdle in the 100-seat chamber.

'Ace' Greenberg on Bailouts, Banks and Books

The former chief executive of Bear Stearns recently had a chance to share his thoughts on the federal government's bailout of Wall Street, banking reform and the controversial books about the downfall of his old firm.

Greenspan Says U.S. Economy Is Likely in a 'Pause'

Former Federal Reserve Chairman Alan Greenspan said that the recent slowdown in economic indicators is most likely temporary. "It%u2019s more than likely a pause in the usual cyclical pattern," Greenspan said in an interview with CNBC.

The Financial Reform Vote Just Got a Lot Trickier

The passing of Sen. Robert Byrd, the longtime West Virginia Democrat, could throw a wrench into the party's plans to pass the landmark overhaul bill by July 4 and hand President Obama a key election-year victory.

The Case for Buying Bank Shares Now

Some pros are aiming straight at the eye of the financial hurricane, buying into the besieged banks. Here's why: The uncertainty threatening them has dissipated, and banks will now start looking for new ways to profit from the new rules.

What's Inside the Financial Reform Bill

Senate and House negotiators reached agreement early Friday morning on the most sweeping overhaul of financial regulation since the Great Depression. It includes a version of the Volcker rule, creates a consumer financial protection watchdog, and limits derivatives trading.

Lawmakers Reach Deal on Financial Reform

Democratic and Republican lawmakers worked into sunrise Friday morning to reach a fractured agreement over financial regulatory reform. The so-called "Fin-Reg" bill hands President Barack Obama a solid political victory heading into the mid-term elections.

Financial Reform Talks Enter Final, Frantic Stages

U.S. lawmakers today enter the final negotiations to complete the historic overhaul of the country's financial regulations. The focus is firmly on controversial provisions to limit banks' trading businesses and investments in private equity and hedge funds.

The Financial Reform Endgame Approaches

One of the key questions facing Congress as it labors to reconcile the House and Senate bills is this: Three years after the financial crisis began, how much risk should America's banks be allowed to take? Not surprisingly, opinions differ greatly.

Biz Brief: Congress Is Set to Reconcile the Two Financial Overhaul Bills

This week, Congress gets down the final phase of reconciling their respective versions of financial regulatory overhaul. President Obama is pushing to get the bill worked out before the G20 summit in Toronto June 26-27, so that he can rally support for more global coordination of financial regulations.

Senate Passes Historic Financial Reform Bill

Prodded by national anger at Wall Street, the Senate on Thursday passed the most far-reaching restraints on big banks since the Great Depression. In its broad sweep, the massive bill would touch Wall Street CEOs and first-time homebuyers, high-flying traders and small town lenders.

Obama Calls for 'Safeguards That Prevent Abuse'

In New York City today just a short subway ride from the financial district, President Barack Obama called on lawmakers to take swift action on financial regulatory reform, which would forever change the way Wall Street does business.