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  • WASHINGTON, Jan 29- Democratic U.S. Senator Elizabeth Warren released on Friday a report criticizing what she called "shockingly weak" punishments for corporate crimes and condemned the Justice Department and Securities and Exchange Commission for their lax approach. Warren, a favorite among progressives, criticized the Justice Department and federal law...

  • Democratic presidential candidate Bernie Sanders, who has made reining in Wall Street a top campaign theme, will warn on Tuesday that financial-sector greed is "destroying the fabric of our nation" and detail his plan to break up big banks, his campaign said. Sanders will deliver what his campaign is calling a "major policy address" on Wall Street reform in New York.

  • IEX revolution will restore trust in Wall Street Wednesday, 23 Dec 2015 | 2:03 PM ET
    Brad Katsuyama, president and CEO of IEX Group Inc.

    Dodd-Frank has done a lot but it hasn't restored trust in Wall Street. IEX could spark the change that is needed, these risk-management execs say.

  • Democratic senators introduce Puerto Rico legislation Monday, 21 Dec 2015 | 12:40 PM ET

    NEW YORK, Dec 21- Democratic senators introduced emergency legislation for Puerto Rico to establish a short-term stay on creditor litigation to allow the debt-ridden island to restructure its debts, according to a press release from Senator Richard Blumenthal's office on Monday. Treasury has urged Congress to act quickly to address the island's debt...

  • SAN FRANCISCO, Nov 19- The majority of deals signed by the California Public Employees' Retirement System with private equity firms allow the firms to reduce their tax bills by treating ordinary management fees as capital gains, an issue that is drawing increasing regulatory scrutiny. In September, a group of Senators, including Massachusetts Democrat...

  • SAN FRANCISCO, Nov 19- The majority of deals signed by the California Public Employees' Retirement System with private equity firms allow the firms to reduce their tax bills by treating ordinary management fees as capital gains, an issue that is drawing increasing regulatory scrutiny. In September, a group of Senators, including Massachusetts Democrat...

  • Nov 17- President Barack Obama's nominee to head the U.S. Food and Drug Administration defended his ties to the pharmaceutical industry on Tuesday during a Senate committee hearing that included questions on soaring drug prices. Robert Califf, 64, who joined the FDA in January as a deputy commissioner. Sanders, a Democratic senator from Vermont, said that the...

  • NEW YORK, Nov 16- When Carly Fiorina started at Hewlett-Packard Co in July 1999, one of her first acts as chief executive officer was to start buying back the company's shares. By the time she was ousted in 2005, HP had snapped up $14 billion of its stock, more than its $12 billion in profits during that time. Following him, Leo Apotheker bought back $10 billion in shares...

  • Senator Elizabeth Warren said 13 major U.S. life insurers had admitted to using incentives such as expensive vacations and gifts, which could encourage agents "to put their own interests ahead of their clients." Annuity providers, including American International Group Inc, offer anything from luxury cruises, trips to Tahiti, Costa Rica or Rome, creating...

  • Senator Elizabeth Warren said 13 major U.S. life insurers had admitted to using incentives such as expensive vacations and gifts, which could encourage agents "to put their own interests ahead of their clients." Annuity providers, including American International Group Inc, offer anything from luxury cruises, trips to Tahiti, Costa Rica or Rome, creating...

  • Treasury Secretary counselor Antonio Weiss appealed to Congress to help the U.S. territory and warned Puerto Rico could face a humanitarian crisis without federal action. He repeated the key points of a plan released by the Treasury on Wednesday, saying Congress should provide tools for Puerto Rico to restructure its liabilities, increase Medicaid support...

  • WASHINGTON, Oct 20- President Barack Obama on Tuesday selected Democrat Lisa Fairfax and Republican Hester Peirce to serve on the U.S. Securities and Exchange Commission, after months of delays and pressure from liberal groups to nominate someone who will be tough on Wall Street. Her name surfaced as a contender in media reports earlier this year, after liberal...

  • NEW YORK, Sept 10- The U.S. Department of Justice's No. 2 official laid out the rationale on Thursday behind a revised policy for prosecutors to focus on wrongdoing by corporate executives, after criticism they had failed to do so, especially in the 2008-09 financial meltdown and housing crisis. The memo "amounts to a striking admission that the DOJ's policy on Wall...

  • Clinton, in an op-ed published by the Huffington Post, was critical of the "so-called revolving door" between government and Wall Street firms in particular, saying it erodes public trust "if a public servant's past and future are tied to the financial industry." "That's when people start worrying that the foxes are guarding the hen house," Clinton, the front-runner...

  • That CEO makes HOW much? Voters want to know Friday, 14 Aug 2015 | 1:13 PM ET
    Wealth wealthy fan money

    Politicians may not like the new rule requiring disclosure of the gap between executive and employee pay, but voters sure do.

  • Clinton to propose $350B college affordability plan Monday, 10 Aug 2015 | 6:35 AM ET
    Democratic presidential hopeful and former Secretary of State Hillary Clinton.

    Hillary Clinton on Monday will unveil a $350 billion plan aimed at making college more affordable and reducing the crushing burden of student debt.

  • Barney Frank takes on the Dodd-Frank critics Friday, 24 Jul 2015 | 10:58 AM ET
    Barney Frank

    Five years after the president signed the Dodd-Frank financial-reform act, Barney Frank takes on the critics on two key points.

  • 5 years later, 5 things to know about Dodd-Frank Tuesday, 21 Jul 2015 | 4:06 PM ET
    Former Rep. Barney Frank (D-MA) (L) and former Sen. Chris Dodd (D-CT) talk about their hallmark and namesake legislation, the Dodd-Frank reform law, on the fifth anniversary of the law at the Newseum July 20, 2015 in Washington.

    In all, the anniversary of the landmark banking legislation brings as many questions as answers.

  • 10 questions for Nancy Pelosi Wednesday, 1 Jul 2015 | 6:00 AM ET
    House Minority Leader Nancy Pelosi speaks at her weekly news conference in the Capitol Visitor Center.

    Rep. Nancy Pelosi sat down with CNBC's John Harwood to discuss social issues, Hillary Clinton's campaign and the uphill fight to win back the House.

  • Paul Ryan: Don't let Obama run amok like on Iran Friday, 12 Jun 2015 | 9:52 AM ET
    Paul Ryan

    Republican Paul Ryan, aligned with President Obama on trade, says the votes are there for one of the measures but possibly not the other.