What is good for consumers may not always square with what is good for banks. And the banking industry is bracing for a fight as the plan to overhaul the industry heads to Capitol Hill.
Federal Reserve Chairman Ben Bernanke deserves to be reappointed, because he did a great job in saving the US banking system from collapsing, Jack Welch, author of "Winning" and "Straight from the Gut," told CNBC Thursday.
In the overhaul of financial regulation proposed by the Obama administration on Wednesday, rating services will avoid the radical changes their detractors have urged.
Futures popped a few points as continuing claims for unemployment recorded its first weekly drop since January. While last week was a record high (about 6.8 m), this at least is a step in the right direction.
US stock index futures were flat Thursday as investors digested the Obama Administration’s changes to financial regulation and looked toward key economic reports including jobless claims.
Market manipulators are bound to find a way around sweeping reforms proposed for the financial services system, hedge fund manager James Chanos told CNBC.
One stock in particular should benefit now that Washington’s plans are coming into focus.
President Obama's approval rating eased by five points this spring as Americans worried about unemployment and the federal budget deficit, according to a new NBC News/Wall Street Journal poll.
The big winner of the Obama financial-regulation plan appears to be the Federal Reserve, which becomes the consolidated supervisor of large, systemically important banks.
US banks could become less competitive—and less profitable—from President Obama's proposed financial overhaul, analysts say
Stocks ended flat Wednesday as tech and consumer stocks rebounded but banks dragged after a credit downgrade on more than a dozen companies.
Financials had everything thrown at it: the President's Financial Regulatory Reform proposal was unveiled, all 80 pages of it, and Standard and Poors lowered their ratings and outlook on 22 banks this morning.
If you were a hedge fund manager and had a few good years and raised a decent chunk of change off of that performance and made a few hundred million or even a billion dollars as a result, what would you do when times got tough?
National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies
We had a neat little segment from John Harwood's interview with President Obama yesterday that went a little viral.
The financial overhaul expands the Fed's powers but also restricts them, underscoring the central bank's awkward role in bank regulation and the economy.
Stocks ticked higher Wednesday as consumer stocks rebounded after a tame inflation reading but banks still dragged after credit downgrade. FedEx skidded after it issued a weak outlook.
Regulatory reform: little consensus on how much -or what kind- is needed. As the President unveils his financial regulatory reform proposal, Standard and Poors chose this morning to bluntly state that this was one of the reasons they lowered their ratings and outlook on 22 banks this morning:
Following are President Barack Obama's prepared remarks on the proposed financial regulatory reform plan.
Stocks turned mixed Wednesday as investors digested a tame inflation reading against a weak outlook from FedEx. Banks dragged after a credit downgrade.