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Elizabeth Warren

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  • New York Fed chief on defensive on bank oversight Friday, 21 Nov 2014 | 1:34 PM ET

    William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. "Of course we are not perfect, but we always strive to improve and retain your trust," Dudley said at the hearing, which focused on whether the Federal Reserve has too cozy of a...

  • WASHINGTON, Nov 21- New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions. I think the evidence suggests that there is, "said Massachusetts Democrat Elizabeth Warren, a frequent critic of the big banks who is seen as a possible 2016...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc will rebut on Thursday allegations made by a powerful Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley which will also address the panel have both made major moves to get...

  • Govt agency yet to act on controversial insurance Wednesday, 19 Nov 2014 | 6:14 PM ET

    WASHINGTON— The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowner's insurance even as its director told the Senate Banking Committee on Wednesday that it's making progress. The Federal Housing Finance Agency oversees Fannie Mae and Freddie Mac, the government-backed mortgage giants that guarantee most...

  • Democrats: Go big on the economy in 2016 Wednesday, 19 Nov 2014 | 5:29 PM ET

    Party officials attending a daylong conference Wednesday hosted by the Center for American Progress said Democrats failed to make a forceful pitch to middle-class voters on issues like economic opportunity, stagnant wages and rising college costs— and suffered the consequences. "Too many Democrats did not offer a progressive vision, particularly around...

  • WASHINGTON, Nov 19- The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees. Watt also said Fannie Mae and Freddie Mac, which guarantee most of the nation's mortgages, will release in early December details of the extra...

  • The White House last week announced Antonio Weiss, a top official at investment bank Lazard, as Obama's choice to be the Treasury's under secretary for domestic finance. An aide to Senator Dick Durbin, the No. 2 Senate Democrat, said the lawmaker opposes Weiss because of Lazard's work advising on recent high-profile inversions. Congress is only in session for a...

  • Among the companies targeted in letters sent by Senator Elizabeth Warren, a member of the Senate Banking Committee, and Representative Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee, were banks, investment firms and other financial service providers. In letters to two of the 16 companies, Citigroup and U.S. Bank,...

  • WASHINGTON, Nov 13- U.S. Senate Democrats expanded the ranks of their party leadership on Thursday to include Senator Elizabeth Warren, a leader of the party's liberal wing and a possible presidential contender in 2016.. Democrats, who lost control of the Senate in last week's midterm elections, created a new post for Warren as a strategic policy adviser to help...

  • Senator Carl Levin's powerful committee will hold a two-day hearing later this month on Wall Street banks' ownership of physical commodities and assets from pipelines to warehouses, touching off a two-year probe into potential market abuses. The third such hearing by lawmakers on the hot issue will likely renew scrutiny of banks, including JPMorgan Chase& Co,...

  • NASHUA, New Hampshire, Nov 2- Long viewed as an ally by Wall Street, likely 2016 presidential contender Hillary Clinton has increasingly been taking banks and big business to task while on the campaign trail for Democrats across the country. It comes days before Tuesday's midterm elections and as Clinton ramps up her political activity ahead of a probable White...

  • NEW YORK, Oct 29- An influential U.S. senator aims to hold a public hearing after secretly recorded conversations between regulators at the Federal Reserve Bank of New York and officials at Goldman Sachs raised questions about a too-cozy relationship. Sherrod Brown, a Democrat on the Senate Banking Committee, has not yet confirmed a date. They depicted a team of...

  • Compromise key for GOP before 2016: Ex-Reagan aide Wednesday, 29 Oct 2014 | 9:43 AM ET
    A yellow stoplight stands in front of the U.S. Capitol building at night in Washington, D.C.

    Republicans can make compromises should they win control of the Senate in midterm elections, former Reagan White House chief Ken Duberstein says.

  • Hillary Clinton, Wall Street friend or foe? Tuesday, 28 Oct 2014 | 10:21 AM ET
    Former Secretary of State Hillary Rodham Clinton addresses supporters of Massachusetts Democratic gubernatorial candidate Martha Coakley during a Coakley campaign event at the Park Plaza Hotel in Boston, Friday, Oct. 24, 2014.

    Some recent remarks by Hillary Clinton seem to suggest she is more agnostic towards the business world, but it could just be politics. NYT reports.

  • LOS ANGELES, Sept 29- People with federal student loan debt now have a few options to lower their rates with private consolidation loans, but consumer advocates warn they could be giving up vital protections in doing so.

  • UPDATE 1-Goldman tightens conflict-of-interest rules Friday, 26 Sep 2014 | 9:30 PM ET

    Sept 26- Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday. Goldman's decision, announced internally on Friday, also bars bankers from investing in activist or event-driven hedge funds, Andrew Williams, a Goldman Sachs spokesman, told Reuters.

  • Sept 26- Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday, as a U.S. Goldman's decision, announced internally on Friday, also bars bankers from investing in activist or event-driven hedge funds, Andrew Williams, a Goldman Sachs spokesman, told Reuters.

  • NEW YORK/ WASHINGTON, Sept 26- An influential U.S. senator wants to hold hearings into "disturbing" issues raised by secretly taped conversations between Federal Reserve supervisors and officials at Goldman Sachs Group Inc, a bank the Fed was tasked with policing.

  • Brown, a crusader against the role that Wall Street banks play in commodity markets, warned that Congress would write new laws if the CFTC and foreign regulators were unable to fix what he called "ongoing irregularities" in the market.