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FRIDAY, NOVEMBER 20, 2009
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NEWS ABOUT: bank regulation

bank regulation stories: 61 news summaries

1 - 20 of 61 Stories | 1 2 3 4 Next >>

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 Danger Signs 
 Ignored at 
 Failed Banks 

Regulators knew loans were toxic but didn't act

Nov 19, 09 3:43 AM CST
(Newser) - "Post-mortems" on banks that failed during the financial crisis are exposing serious misjudgment by state and federal regulators. Inspectors-general are finding at bank after bank that regulators were aware that risky and potentially toxic loans were being made while the economy was booming, but failed to take action, the... More »

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FDIC • bank failure • bank regulation • banking industry • Sheila Bair

Thomas Frank

Financial Reform: How to Prevent Another Greenspan

Reform plans may hand regulation over to fervent deregulators

Nov 11, 09 9:44 AM CST
(Newser) - There's a lot riding on reform of the financial industry, but the administration's plans to overhaul financial regulation carries the seeds of its own destruction, writes Thomas Frank. Taking oversight away from the present confusing array of agencies and making the Federal Reserve One Big Regulator means that when the... More »

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Federal Reserve • Alan Greenspan • financial services • regulation • financial sector • bank regulation • deregulation

Dodd Unveils Sweeping Financial Overhaul Bill

It would create new oversight agencies

Nov 10, 09 2:41 PM CST
(Newser) - Chris Dodd introduced a sweeping financial regulation bill that creates no fewer than three new agencies to oversee the banking industry. Dodd’s bill creates an Agency for Financial Stability to identify systemic risks to the economy as a whole. It entrusts all bank supervision to the Financial Institutions Regulatory... More »

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Senate • Federal Reserve • Chris Dodd • Senate Finance Committee • FDIC • bank regulation

  Dodd Declares War With 
  Senate Bank Bill  

Senator readies radical overhaul of finance regulation

Nov 5, 09 7:34 AM CST
(Newser) - A Senate bill that would fundamentally change the structure of banking regulation is headed for a clash with both the House and the White House. Christopher Dodd is readying a proposal to strip the Fed and FDIC of almost all bank-supervision powers, creating in their place a new agency that... More »

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Senate • Federal Reserve • Chris Dodd • FDIC • bank regulation

  Geithner 
 to Bankers: 
 Crackdown 
 Is 'War' 



Treasury secretary tells Wall Street it must accept regulation

Oct 28, 09 7:30 AM CDT
(Newser) - Tim Geithner had tough words for Wall Street bankers yesterday, telling the financial industry's annual conference that they had no credibility to protest new regulation. The Treasury secretary said government had a responsibility to crack down on dangerous practices on the Street and design new laws allowing seizures of institutions... More »

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Wall Street • US dollar • economic stimulus package • bank regulation • Treasury secretary • financial crisis • Timothy Geithner

Frank, Geithner to Roll Out 'Too Big to Fail' Bill

New rules will impose 'living wills' for banks

Oct 26, 09 6:57 AM CDT
(Newser) - After months of negotiations, Congress and the Obama administration are ready to introduce new rules on financial institutions deemed "too big to fail." Barney Frank, who heads the House Financial Services Committee, will present a bill as soon as this week that will let the government seize... More »

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House Financial Services Committee • bank • Treasury Department • Barney Frank • bank regulation • financial crisis • Timothy Geithner • financial reform

OPINION

Obama, Dems Are Free Market Crusaders

Wall Street, health industry are the ones opposed to competition

Oct 21, 09 11:01 AM CDT
(Newser) - The champions of the free market are on the march, but it's not who you think. It’s the Democrats who want to put health insurance on open exchanges where consumers can easily compare them, with a public option to inject competition into an “oligopolistic market,” points out... More »

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derivatives market • health care reform • free markets • bank regulation • health insurance exchange • Harold Meyerson

Wall Street Doing Its Best to Buy Schumer

Hands NY Dem $1.65M as vote looms on new financial regulations

Sep 28, 09 10:07 AM CDT
(Newser) - With a vote looming on Barack Obama’s plan to revamp financial regulations, Wall Street has shoveled $10.6 million into Senate campaign chests this year. Most of that money, $7.7 million, has gone to Democrats, and more than 15% has gone to one man: Chuck Schumer. Schumer’s... More »

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Wall Street • Charles Schumer • Richard Shelby • bank regulation • Kirsten Gillibrand • financial reform

Volcker: Obama Plan May Lead
to More Bailouts

Former Fed chief
faults strategy
of 'too big to fail'

Sep 24, 09 5:27 PM CDT
(AP) - A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "too big to fail" and could lead to future bailouts. Former Fed chief Paul Volcker told Congress that by designating some companies as critical to the broader financial system, the... More »

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Wall Street • General Motors • Paul Volcker • AIG • bailout • bank regulation • Obama administration • Wall Street bailout

Goldman May Break Charter to Duck Pay Rules

Investors see financial giant shedding
year-old bank status

Sep 23, 09 8:15 AM CDT
(Newser) - With the Federal Reserve busily drafting rules to limit pay for bank executives, some investors believe Goldman Sachs will simply stop being a bank, Reuters reports. By shedding its year-old commercial banking charter, acquired in the heat of the financial meltdown to ensure access to credit, Goldman could elude restrictions... More »

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executive compensation • Goldman Sachs • Federal Reserve • bank • bank regulation • banking industry

 US, Europe Clash 
 on Banking Reforms 

G-20 agreement on capital requirements likely to remain elusive

Sep 23, 09 4:16 AM CDT
(Newser) - The US and Europe are moving further apart on plans for post-financial crisis banking reform ahead of this week's G-20 summit, the Wall Street Journal reports. Both sides agree that banks should be required to keep more capital on hand to cushion them from crises, even at the cost of... More »

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capital • banking • financial institutions • G20 • bank regulation • financial crisis • Timothy Geithner

(Newser) - President Obama visited Wall Street’s historic Federal Hall today, on the anniversary of Lehman Brothers' collapse, to make the case for the financial regulatory reforms wending their way through Congress. He spoke of the need for “strong rules of the road” for the financial system. “History cannot... More »

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Barack Obama • Wall Street • Lehman Brothers • regulation • bank regulation • Obama administration • financial crisis • President Obama

ANALYSIS

 Post-Lehman, 'Washington 
 Is the New Wall Street' 

Nation's political and financial capitals

Sep 13, 09 11:38 AM CDT
(Newser) - For decades, more than just 228 miles separated Wall Street from Washington, as financiers cast a casual eye at government regulators. But a year after Lehman Brothers’ dramatic implosion, the nation’s financial and political capitals are forging a new, closer relationship that has some concerned, David Cho, Steven Mufson,... More »

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Wall Street • Citigroup • business • Washington • Lehman Brothers • JPMorgan Chase • bank regulation

INTERVIEW

Greenspan: 'Crisis Will Happen Again'

Former Fed chairman denies responsibility, blames human nature

Sep 9, 09 5:26 AM CDT
(Newser) - Another financial crisis is inevitable "unless somebody can find a way to change human nature," says Alan Greenspan in an interview with the BBC. The former Fed chairman—who has faced stinging criticism for his own role in precipitating the 2008-09 global recession—denied any responsibility for the... More »

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Federal Reserve • Alan Greenspan • risky trading • bank regulation • financial crisis

 Stanford 'Fraud 
 Scheme Sealed 
 With Blood Oath' 

Banker accused of giving bribes, Super Bowl tickets to Caribbean regulator

Aug 28, 09 6:13 AM CDT
(Newser) - Alleged Ponzi schemer Allen Stanford cut his wrist and made a secret blood pact with the banking regulator of the island of Antigua, where his bank operated, according to court documents. Stanford and the official pressed their bloody wrists together in a "brotherhood ceremony," after which the... More »

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fraud • SEC • conspiracy • Antigua • Ponzi scheme • bank fraud • bank regulation • Robert Allen Stanford

(Newser) - Barney Frank is working on the biggest legislation of his career, and no one seems to care. Frank, the chairman of the House Financial Services Committee, is preparing for markup sessions on a bill to revolutionize America’s financial regulatory structure. “It’s been eclipsed obviously in the public’... More »

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Federal Reserve • House Financial Services Committee • Ron Paul • regulation • Barney Frank • bank regulation

OPINION


 Change the Fed, 
 Keep Bernanke 


Aug 14, 09 6:52 AM CDT
(Newser) - The Federal Reserve is ripe for some major changes everywhere but at the top, Steven Pearlstein writes for the Washington Post. It's finally clear that the job "involves a lot more than adjusting interest rates," and we've seen the drain that happened when we "left the previous... More »

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Ben Bernanke • Federal Reserve • Larry Summers • bank regulation • financial crisis • Steven Pearlstein

Feds Probe Shady Market
for Derivatives

Banks may have unfair edge in information on
credit-default swaps

Jul 14, 09 9:33 AM CDT
(Newser) - The Justice Department is probing the market for credit-default swaps, the largely unregulated derivatives that contributed to the financial crisis, Bloomberg reports. Justice is investigating whether big banks have unfair access to price information through their ownership of a private company that provides data to investors. The Obama administration wants... More »

MORE ABOUT:
Department of Justice • derivatives market • Lehman Brothers • credit market • regulation • bank regulation • banks • financial crisis • credit default swap

'Hot Money' Prompts Small Bank Collapses

Deposits from brokers, used to ignite growth, fueled risky loans

Jul 4, 09 5:49 AM CDT
(Newser) - A boom-time reliance on something known as "hot money" to boost growth has left many of America's small and regional banks with their fingers badly burnt, the New York Times reports. Brokers provided billions in deposits to ambitious banks seeking to grow fast, but the high interest rates needed... More »

MORE ABOUT:
bank • banking • FDIC • Office of Thrift Supervision • bank regulation

OPINION

Obama's Bank Plan Punts on Tough Parts

Krugman, Pearlstein agree: It doesn't address key problems

Jun 19, 09 7:48 AM CDT
(Newser) - Barack Obama knows what caused the financial crisis, but his regulatory plan “basically punts on the question of how to keep it from happening all over again,” writes Paul Krugman in the New York Times. Obama’s plan takes the crucial step of regulating the “shadow... More »

MORE ABOUT:
Barack Obama • regulation • Paul Krugman • financial sector • bank regulation • Obama administration • banking industry • Steven Pearlstein

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