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Carl Levin

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • In a move that sets up another round of debate over the extenders in 2015, senior Republicans said a short-term extension would be approved for the package, with the House of Representatives acting as soon as this week. The Obama administration weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that...

  • COLUMN-How JPMorgan struck gold with copper: Andy Home Thursday, 27 Nov 2014 | 8:59 AM ET

    JPMorgan was "outed" in the media as the controlling hand, which only fuelled further the whirl of speculation, given the same bank was proposing to launch an exchange-traded fund backed by physical copper. As is always the way with such things, JPMorgan declined to confirm or deny its involvement. Now, thanks to documents submitted to the U.S. Senate subcommittee...

  • That was the day 100,000 tonnes of metal being stored in LME-registered sheds in Detroit were canceled prior to physical load-out. The cancellations created an instantaneous bottleneck at Metro International, the dominant LME warehouse operator in Detroit. A relatively benign load-out queue of just over 20 days at Detroit mushroomed to a monster queue of...

  • Under fire in commodity probe, Goldman makes move Thursday, 20 Nov 2014 | 1:21 PM ET
    Jacques Gabillon, head of the global commodities principal investments group at Goldman Sachs looks on as Christopher Wibbelman, president and CEO of Metro International Trade Services, speaks during a Senate hearing on Capitol Hill in Washington, Nov. 20, 2014.

    Goldman Sachs is in talks with a Russian buyer, among others, about selling its embattled metal warehousing business.

  • Public pension funds stay mum on tax inversions Tuesday, 2 Sep 2014 | 8:07 AM ET
    The offices of the California Public Employees' Retirement System (Calpers) are shown in Sacramento, Calif.

    Public pension funds have major stakes in American firms moving overseas to cut their tax bills. But they are saying little about the strategy.

  • White House to help broke Detroit demolish buildings Friday, 27 Sep 2013 | 10:43 AM ET
    Ruins at the abandoned Packard Automotive Plant are seen in Detroit, Michigan.

    The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.

  • Police Have Possible Suspect in Ricin Letter: Senator Wednesday, 17 Apr 2013 | 8:57 AM ET
    Sen. Roger Wicker

    Authorities declined to comment on a suspect or any other aspect of the investigation, but a senator says the person under suspicion writes a lot of letters to Senate members.

  • JPMorgan Bet Against Itself in 'Whale' Trade Wednesday, 30 Jan 2013 | 1:44 AM ET
    jpmorgan loss--808785426_v2.jpg

    There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.

  • Senate Leaders in Deal to (Sort of) Muzzle Filibusters Thursday, 24 Jan 2013 | 4:07 PM ET
    Mr. Smith Goes to Washington

    The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."

  • WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.

  • Is the High-End Consumer Cracking?   Friday, 11 May 2012 | 12:15 PM ET
    Is the High-End Consumer Cracking?

    The FMHR traders discuss Senator Carl Levin's remarks on JPMorgan's losses and whether investors should buy Las Vegas Sands on its dip. Michael Binetti, UBS analyst, also weighs in on which retail stocks are a 'buy' or a 'sell.'

  • Senator Carl Levin on JPMorgan   Friday, 11 May 2012 | 12:00 PM ET
    Senator Carl Levin on JPMorgan

    Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.

  • Crude of All Evil? How Oil is Fueling Some Tough Choices Wednesday, 22 Feb 2012 | 9:24 AM ET

    Should the U.S. be doing business with countries that are rich in resources — and friendly —but accused of corruption and human rights violations?

  • Sen. Carl Levin, D-Mich.

    Shielding assets from the tax man or from overly inquisitive regulators is a time-honored strategy for the wealthy. Some turn to secretive financial havens like Switzerland or the Cayman Islands. Or there’s always Fernley, Nevada.

  • 12 public figures cursed by protest Tuesday, 19 Jul 2011 | 2:30 PM ET
    A protester jumps on the table in front of the European Central Bank President Mario Draghi during a news conference in Frankfurt, April 15, 2015.

    A gallery of protesters and pie-throwers and the public figures they have tormented.

  • Hedge Fund Tax Proposal   Tuesday, 5 Jul 2011 | 12:55 PM ET
    Hedge Fund Tax Proposal

    Are hedge funds paying their fair share of taxes? One powerful senator doesn't believe they are giving Uncle Sam his fair share. John Carney, CNBC.com frames the debate.

  • Levin in ‘Real Hope’ of Fresh Goldman Probe Thursday, 19 May 2011 | 1:38 AM ET
    Goldman Sachs

    Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.