June 8- Many U.S. states balance their budgets by using short-term techniques to make it appear spending does not exceed revenue, according to a report released on Monday that singled out New Jersey for using these budget-balancing maneuvers. The report by public policy nonprofit Volcker Alliance, founded by former Federal Reserve Chairman Paul Volcker, said...
June 8- Many states balance their budgets using short-term techniques to make it appear that spending does not exceed revenue, according to a report released on Monday by the Volcker Alliance, which singles out New Jersey for using budget-balancing maneuvers. New Jersey, whose governor, Chris Christie, is a potential Republican presidential contender in...
Bank of France Governor Christian Noyer, European Bank for Reconstruction and Development President Suma Chakrabarti, Bank of Canada Senior Deputy Governor Carolyn Wilkins, Pakistan's former Prime Minister Shaukat Aziz, Italy's former Prime Minister Enrico Letta and World Bank Group Chief Financial Officer Bertrand Badre to attend.
MINNEAPOLIS- Federal Reserve Bank of New York President William Dudley speaks before the Economic Club of Minnesota June Luncheon- 1630 GMT. Speakers:- Organisation for Economic Co-operation and Development Secretary-General Angel Gurria, French Finance Minister Michel Sapin, Colombia Finance Minister Mauricio Cardenas, Haiti Finance Minister Wilson...
NEW YORK, May 14- The White House has dismissed the Canadian government's claim that a ban on some proprietary trading on Wall Street violates a free-trade agreement, saying it has the legal right to protect its financial system. The rule, adopted in 2010 but delayed in implementation, is meant to curb the risky proprietary trading blamed for worsening the...
*Plan for one banking regulator, not three. WASHINGTON, April 20- The U.S. financial regulatory system is outdated and riddled with loopholes, former Federal Reserve Chairman Paul Volcker said on Monday as he offered an overhaul plan to make watchdogs more effective. Volcker, 87, is an influential central banking veteran who lent his name to a central provision in...
Dick Bove, Rafferty Capital VP of equity research, reacts to the Fed's decision to give banks an extra 2 years to conform to the part of the Volcker Rule that would force them to sell "riskier" forms of debt.
A U.S. bank regulator said the Volcker Rule could cost the industry a one-time annual charge of up to $4.3 billion.
Will the bull run continue? The question is whether conditions are ripe for economic growth and corporate earnings to rise.
Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve.
Though the Federal Reserve’s stimulus efforts have wide approval among investors and bankers, some argue its policies distort and harm the economy.
CNBC's Kayla Tausche reveals why regulators have gone back to the drawing board on certain parts of the Volcker Rule, and what it means for the banks.
CNBC's Mary Thompson reports regulators are reviewing a ban on banks holding certain debt securities, and explains how this will impact smaller banking institutions.
Former Fed Chair Sheila Bair shares her thoughts on the Volcker Rule and weighs in on the state of the banking sector. CNBC's Rick Santelli provides perspective.
Three Fed chairmen from different eras: Paul Volcker, Ben Bernanke and Alan Greenspan. CNBC's Steve Liesman provides insight.
Looking back on 100 years of the Federal Reserve, with Ylan Mui, The Washington Post; Greg Ip, The Economist; and CNBC's Larry Kudlow and CNBC's Steve Liesman.
The Federal Reserve is marking 100 years today with speeches from all living Fed Chairmen: Paul Volcker, Alan Greenspan and Ben Bernanke. Ylan Mui, The Washington Post; Greg Ip, The Economist; and CNBC's Larry Kudlow, discuss.
CNBC's Kate Kelly reports how the tougher rules under the Volcker Rule are impacting banks.
CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.
CLSA research analyst Mike Mayo shares his views on the Volcker Rule and says that "there's always ways for smart bankers and lawyers to get around" such precise regulations.