Breaking up the big banks would eliminate the institutions that help fuel the American economy, Sullivan & Cromwell's Rodgin Cohen says. » Read More
NEW YORK— Well at least the Democrats and the Republicans agree on something at their conventions: They both want to revive a Depression-era bank law that was abolished more than 15 years ago. The platforms of both parties call for the reinstatement of the Glass-Steagall Act, a law that would lead to the breakup of major U.S. banks like JPMorgan Chase in order to...
Elizabeth Warren turned barbs on Donald Trump following two days of tension within the Democratic Party.
Elizabeth Warren, United States Senator of Massachusetts, discusses the choice for Hillary Clinton as President.
No matter who wins the election, the big banks could be on the chopping block.
Charlie Baker is backing off his support of a plan to require online lodging services such as Airbnb to pay the same taxes as hotels and motels just days after he said levying the tax was necessary. On Thursday, Baker said during his monthly "Ask the Governor" segment on WGBH-FM that he would sign a proposal to apply the hotel tax to services such as San Francisco-...
Donald Trump's acceptance speech mentioned pretty much every campaign issue but one: banks.
WASHINGTON, July 20- Two Democratic Senators mentioned as possible vice presidential picks, Sherrod Brown and Elizabeth Warren, on Wednesday said a U.S. proposal to crack down on payday loans does not go far enough. Last month the Consumer Financial Protection Bureau unveiled a proposal to restrict payday lending. Brown, of Ohio, and Warren, of Massachusetts- who...
NEW YORK— The Republican Party has taken a page straight out of the campaign books of Bernie Sanders and Elizabeth Warren. In the party's 2016 platform, the GOP advocates for reinstating the Glass-Steagall Act, a Depression-era law that regulated the U.S. banking industry until it was repealed in 1999. "It's a spectacular about-face by the Republican Party," said...
The fact that there have been calls to reinstate Glass-Steagall rules on banks at the GOP convention is just stupid, says Wall Street consultant Tony Fratto.
The Republican convention kicked off with its first big market surprise – Donald Trump wants to break up the big banks.
The one-time presidential candidate tells CNBC a clue might lie with those not scheduled to speak at next week's Democratic convention.
Google has been knocked around by Europe for anti-competitive practices, and now U.S. regulators are getting more vocal.
The mothers of Trayvon Martin and Eric Garner, whose deaths sparked protests about racial profiling, are among the speakers at the Democratic convention.
With Airbnb under scrutiny in Congress, one venture capitalist told CNBC that something is missing from the debate.
There has been a sign that Senator Elizabeth Warren will not be named Hillary Clinton's running mate, the NYT reports.
Hillary Clinton's campaign is vetting retired four-star Adm. James Stavridis, according to The New York Times.
Democrat Bernie Sanders join Hillary Clinton in New Hampshire where he is expected to endorse her White House campaign in a show of party unity.
House Speaker Paul Ryan also tells Politico he has doubts that he can work with Hillary Clinton.
On Hillary Clinton's email scandal, the GOP should stop grilling James Comey and let the voters make the ultimate judgement, says Jake Novak.
In withdrawing his name for Trump's VP pick, Bob Corker suggested Trump's daughter Ivanka would make a great VP. Here's why that won't happen, says Jake Novak.