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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: bank regulation

bank regulation stories: 61 news summaries

21 - 40 of 61 Stories | << Prev 1 2 3 4 Next >>

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OPINION

On Financial Reforms, Obama Is No FDR

Proposed regulatory fixes don't actually fix much: Nocera

Jun 18, 09 12:02 PM CDT
(Newser) - President Obama is hardly living up to the hype on fiscal regulatory reform, and he's not matching Franklin Roosevelt, either. When FDR reformed financial regulation, he transformed the industry, cheerfully making enemies in the process. Obama has been timid by comparison, writes Joe Nocera of the New York Times:... More »

MORE ABOUT:
Barack Obama • Wall Street • reform • regulation • Franklin D. Roosevelt • financial sector • bank regulation • Obama administration • banking industry

MARKETS

 Obama Plan Puts Dow Off 7 


Jun 17, 09 3:11 PM CDT
(Newser) - Markets were mixed today as a perky health-care sector was held in check by poor performance in energy stocks and wariness over President Obama’s financial regulatory plan, the Wall Street Journal reports. Oil and commodities prices slipped as investors seemed to gird for a continued lull in consumer activity.... More »

MORE ABOUT:
stock market • NASDAQ • Dow Jones • financial sector • S&P 500 • bank regulation • oil prices • Obama administration • President Obama

(Newser) - President Obama today proposed broad new powers for the Federal Reserve and the creation of new national regulator to ensure against another financial crisis, the Wall Street Journal reports. Under the new plan, the Fed would oversee all components of any banking concern, even its foreign affiliates, and Treasury... More »

MORE ABOUT:
Federal Reserve • SEC • Treasury Department • Office of Thrift Supervision • bank regulation • Obama administration • President Obama • Securities and Exchange Commission

INTERVIEW

Obama Vows 'Light Touch' in Bank Regulation

Oversight measures
aim for 'minimum' to avoid meltdown

Jun 17, 09 6:07 AM CDT
(Newser) - Today Barack Obama will announce a major financial reform package that will give the Fed, Treasury, and FDIC new powers of regulation and oversight. It's the most substantial shift in financial regulations since the 1930s—but stops short of some of the most radical proposals, including tough limits on derivatives... More »

MORE ABOUT:
Barack Obama • Federal Reserve • derivatives market • Treasury Department • regulation • FDIC • financial institutions • bank regulation • banking industry • financial crisis

OPINION

Geithner, Summers Outline New Regulatory System


Jun 15, 09 8:33 AM CDT
(Newser) - The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:
  • Capital and liquidity requirements will be raised
... More »

MORE ABOUT:
Federal Reserve • capital • liquidity • regulation • securities • Larry Summers • bank regulation • Obama administration • Timothy Geithner

Obama to Launch Radical Bank Reform

Changes will be the most ambitious since the Great Depression

Jun 14, 09 9:51 AM CDT
(Newser) - President Obama will unveil next week sweeping new changes to the nation’s governance of troubled financial institutions, the AP reports. Unlike Washington’s temporary ownership stake in automakers and major financial companies, the new regulatory protocol will be permanent and will present the most ambitious revision since the 1930s.... More »

MORE ABOUT:
Barack Obama • private equity • Ben Bernanke • Federal Reserve • financial institutions • Great Depression • bank regulation • hedge funds • financial crisis

OPINION

Brown's Woes Offers Obama Reality Check

Voters don't reward economic competence after crisis: Krugman

Jun 8, 09 8:50 AM CDT
(Newser) - The Bush administration has taken much of the blame for the American recession, but a "huge housing bubble and a financial crisis" were always on the cards, as Paul Krugman writes for the New York Times. Writing from London, where voters gave Gordon Brown a pummeling in Thursday's... More »

MORE ABOUT:
United Kingdom • Gordon Brown • recession • global economy • Robert Rubin • housing bubble • bank regulation • deregulation • Obama administration • financial crisis

US to Expand Executive Pay Supervision

Administration to announce new rules, add pay-oversight chief

Jun 8, 09 6:44 AM CDT
(Newser) - The Obama administration is set to announce new executive pay guidelines for banks and other corporations that have received bailout funds, the New York Times reports. Any company that’s taken two rounds of TARP cash—including Citigroup, Bank of America, AIG, GM and GMAC—will have to get pay... More »

MORE ABOUT:
executive compensation • regulations • bank regulation • Obama administration • President Obama • Timothy Geithner • Kenneth Feinberg

New SEC Chair Stakes Out
Her Territory

Schapiro moving decisively to overhaul troubled agency

Jun 4, 09 10:23 AM CDT
(Newser) - As soon as she took over the SEC, Mary Schapiro started making changes. She scrapped rules that had hindered investigators, hired a new enforcement director, and refocused regulators on high-profile financial crisis-related cases. “I wanted to be clear from my first day—not just with words, which are pretty... More »

MORE ABOUT:
Federal Reserve • SEC • Treasury Department • regulation • bank regulation • Treasury secretary • Timothy Geithner • Mary Schapiro • Securities and Exchange Commission

(Newser) - The Obama administration is finalizing a legislative proposal that would strengthen the reach of financial regulatory agencies, the New York Times reports. The plan wouldn’t likely consolidate the four major bank regulators, which could meet with fierce opposition in Congress. “I don’t mind overlap as much as... More »

MORE ABOUT:
Federal Reserve • financial markets • Chris Dodd • Treasury Department • Barney Frank • bank regulation • Obama administration • President Obama

Banks Privately Chafe Against Derivatives Reform

Embrace change in public but quietly fight it

May 29, 09 7:22 AM CDT
(Newser) - The Obama administration is pushing to reform the market for financial derivatives by requiring new reporting to make trades more transparent. In public, Wall Street is saying it's in favor of the changes, but as the Wall Street Journal reports, the banks are pushing hard against reforms behind the scenes.... More »

MORE ABOUT:
derivatives market • transparency • bank regulation • Obama administration • financial crisis • credit default swap

 White House Plans Unified Banking Regulator

New agency would replace hodgepodge of regulators blamed for financial crisis

May 28, 09 4:49 AM CDT
(Newser) - The Obama administration is working on plans to create a single agency to do the work of the mishmash of regulators who failed to see the financial crisis coming, the Wall Street Journal reports. The new agency, which may be proposed to Congress next month, would strip powers from the... More »

MORE ABOUT:
Federal Reserve • FDIC • Office of Thrift Supervision • Office of the Comptroller of the Currency • bank regulation • Obama administration • banking industry • financial crisis

Geithner Back From the Dead, Politically

Once-ridiculed
Treasury chief now on top of his game

May 26, 09 9:51 AM CDT
(Newser) - After a rough start, Timothy Geithner has found his sea legs. Many were calling for the Treasury secretary’s head after his botched handling of February's bailout speech and the AIG bonuses. But, reports Politico, as the economy stabilizes, Geithner’s getting the hang of things. His regular meetings have... More »

MORE ABOUT:
AIG • Treasury Department • bank regulation • Treasury secretary • financial crisis • Timothy Geithner

(Newser) - The Obama administration intends to push for “very, very substantial change,” in the way Wall Street pays executives, Treasury Secretary Tim Geithner tells Bloomberg. “I don’t think we can go back to the way it was,” he said, arguing that the current big-bonus status quo... More »

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executive compensation • bonuses • financial sector • bank regulation • banking industry • Timothy Geithner • executive bonuses

(Newser) - During the Great Depression, legend has it a group of Wall Street bankers went to Hollywood to see if it was worth investing in, only to be immediately repulsed by the brazen displays of wealth they saw there. Now that it's the bankers being pilloried for their excesses, writes Neal... More »

MORE ABOUT:
Wall Street • Hollywood • financial sector • Great Depression • bank regulation • deregulation • banking industry • financial crisis

(Newser) - When Paul Krugman was in grad school, nobody wanted to be a banker. Sure, it paid more than being an academic economist, but “everyone knew that banking was, well, boring,” he writes in the New York Times. That was before deregulation came into vogue in the 1980s,... More »

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Paul Krugman • financial sector • Great Depression • bank regulation • deregulation • banking industry

investigation

At NY Fed, Geithner Saw Risk, Didn't Act

Legacy of missing red flags trails onetime regulator to Treasury

Apr 3, 09 10:35 AM CDT
(Newser) - Timothy Geithner spent a lot of time thinking about the derivatives trade as president of the New York Federal Reserve—in 2005 he convinced banks to digitize the market, making it far more efficient. But he never convinced them to scale back risk and never exercised his powers to force... More »

MORE ABOUT:
Federal Reserve • Treasury Department • Federal Reserve Bank of New York • bank regulation • Timothy Geithner • regulator

OPINION

DC Still Turns Blind Eye to Banks: Spitzer

Regulators attempt
to save face after failing to prevent crisis

Apr 1, 09 11:38 AM CDT
(Newser) - There’s a reason the government seems to have no control—darn the luck—over the banks it’s poured billions into: It’s trying to save face, writes Eliot Spitzer for Slate. Washington has struck a tacit bargain with Wall Street, the ex-governor says: Taxpayers bail out the financial... More »

MORE ABOUT:
Eliot Spitzer • financial sector • bank regulation • deregulation • Troubled Asset Relief Program • financial crisis • TARP • regulator

ANALYSIS

Thatcher's 'Big Bang'
Free-for-All Led to Bust

Pioneers of British '80s deregulation dismayed at unforeseen 'side effects'

Mar 31, 09 6:55 AM CDT
(Newser) - The British regulatory reforms that changed the face of the financial industry in the '80s allowed banks to become bloated giants, two architects of the so-called "Big Bang" changes tell the Wall Street Journal. The deregulation let London's financial sector flourish, the men say, but also allowed banks to... More »

MORE ABOUT:
London • financial services • banking • G20 • bank regulation • deregulation • financial crisis

analysis

Will the Real Chris Dodd Please Stand Up?

Senator part populist, part bank ally

Mar 27, 09 12:38 PM CDT
(Newser) - Chris Dodd is a man of contradictions, writes David Whitford for Fortune. The Democratic senator portrays himself as a populist; he’s passed consumer-protection and family-issues laws, and he staunchly opposed the bankruptcy bill. But he’s also received loads of cash from financial companies, including AIG, and... More »

MORE ABOUT:
Chris Dodd • AIG • campaign contributions • Senate Banking Committee • bank regulation

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