Financial Reform Stories
What Is Shadow Banking? Risky Sector At Center Of Sanders-Clinton Debates
An obscure segment of the financial industry that helped cripple the global economy in 2008 divides rivals Hillary Clinton and Bernie Sanders.
As SEC Adopts CEO Pay Ratio Rule, What Will It Mean For Investors And Workers?
On Wednesday the Securities and Exchange Commission voted for a new rule requiring companies to disclose pay ratios between CEOs and workers.
Consumer Financial Protection: Growing Watchdog Agency Faces New Tests On Anniversary Of Wall Street Reform
The Consumer Financial Protection Bureau has delivered billions of dollars to Americans. Will Congress make its job harder?
Dodd-Frank At Five: Wall Street Remains Humbled, But The War Over Financial Reform Is Nowhere Near Over
The landmark financial reforms, signed by President Obama five years ago today, had an indelible impact on Wall Street — but more than a third of its rules remain unfinished.
Wall Street Still Bedeviled By Ethical Challenges: Survey
After years of reforms geared at improving the culture of banking, a survey of financial professionals finds an industry rife with misconduct.
Wall Street Fires Back At Obama Over Broker Standards
Big Finance and its lobbyists are lining up to oppose long-delayed rules meant to protect retirement savings from bad advice.
Federal Regulators Are Seeking To Finalize Clawback Incentive-Pay Rules For Wall Street
Federal regulators want to make sure incentive structures don't promote dangerous risk-taking.
Dodd-Frank Is Crushing Community Banks, Suggests New Study -- But Is It That Simple?
A new study points to regulatory pressures from Dodd-Frank, but not everyone agrees.
Obama 2016 Budget: President's Proposal Would Bolster Key Dodd-Frank Regulators
The White House's proposed 2016 budget promises more muscle for financial regulators.
What Do Greenpeace And JPMorgan Chase Have In Common?
“Every indication is, this was done with the best of intentions but not the best of judgment.”
Barack Obama's DNC Speech: What He Left Out
The speech was curiously lacking in specifics about Obama's record to date, sticking instead to a vague framework for a potential second term. Here are a few of the things the president left out.
Democrats Embrace Gay Equality Like Never Before At DNC 2012
The convention featured gay and lesbian speakers in prime time slots only months after President Barack Obama officially endorsed same-sex marriage.
DNC 2012: Elizabeth Warren Says Obama 'Get's It', Calls Him Fighter For Middle Class [EXCERPT]
Massachusetts Senate candidate Elizabeth Warren casts Obama as a defender of middle class values in her DNC address.
Barney Frank Pushes Bill To Ensure Financial Executives Lose Pay For Irresponsible Practices
The new bill would prevent financial executives from obtaining insurance policies that protect their paychecks.
FBI Launches Investigation Of JPMorgan Trading Losses
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
Romney Campaign Defends JP Morgan, Contradicting Obama
JPMorgan's massive $2 billion trading loss has spilled over into presidential politics, with presumptive Republican nominee Mitt Romney calling the disastrous trade as an example of the inherent risks of the free market.
JPMorgan Loss 'The Reason We Passed Wall Street Reform': Obama
During a Tuesday morning appearance on the talk show The View, President Obama attributed JPMorgan's $2 billion trading loss to a lack of financial regulation.
After $2B JPMorgan Loss, Senate Candidate Elizabeth Warren Calls For 'New Glass-Steagall Act' [FULL TEXT]
The Glass-Steagall Act of 1933 was a Depression-era law that separated investment and commercial banks. It was repealed in 1999 during the Clinton administration.
JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees
JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
China's Premier Wen Jiabao Says Bank Monopoly must be Broken: State Media
China's state banks make money far too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get timely access to capital, state media cited Premier Wen Jiabao as saying on Tuesday.
China's Wen says bank monopoly must be broken: state media
China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
China's Economy Needs Major Overhaul: World Bank
China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.
Financial Regulation Has Momentum in 2012: Geithner
U.S. Treasury Secretary Timothy Geithner sounded a relatively cautious note on the state of capital markets regulation reform Thursday, detailing the work various branches of the federal executive have done, what the results had been so far, and what expectations he held for 2012.
Romney's Florida Win Draws on Tea Party, Illuminating Movement's Role
Mit Romney has been dogged from the early days of his campaign about his ability to connect to the Tea Party voters who were instrumental in reshaping the political landscape in 2010, but in the Florida primary he captured a large portion of the Tea Party vote. Experts say his success owes partially to a broad shift towards Tea Party philosophies.
School Lunch Guidelines Released: More Fruits and Veggies, Healthier Pizza
School lunch standards received their first overhaul in 15 years on Wednesday, as the U.S. Department of Agriculture released standards that would increase the amount of fruits, vegetables and whole grain foods served to 32 million students.
Michele Bachmann Running for Re-election
Rep. Michele Bachmann (R-Minn.) confirmed on Wednesday that she will seek a fourth term in Congress, ending speculation that she use springboard from an unsuccessful presidential run to a media role.
Group calls for U.S. to break up Bank of America
A group of consumer advocates, academics and economists want to end too-big-to-fail banks, starting with Bank of America Corp.
Obama's Overseas Corruption Busting Efforts Target Corporations, Executives
Prosecutors have been aggressively enforcing the Foreign Corrupt Practices Act over the last several years to combat overseas bribery, hitting a peak of 48 lawsuits in 2010. Now the U.S. Chamber of Commerce is leading the effort to narrow the scope of the law.
Banks' Debit Card Fee Comments Under Justice Department Review
The U.S. Department of Justice has launched a review of comments and actions banks and trade associations made when rolling out new consumer debit card fees, sparking antitrust concerns.
European Commission Slashes Eurozone 2012 GDP Forecast, Warns of Recession
The slowdown which began at the end of 2010 now looks more like a prolonged soft patch, the Commission said.