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Elizabeth Warren

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  • Volcker critical of delays in namesake rule Friday, 19 Dec 2014 | 12:33 PM ET

    WASHINGTON— Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that bears his name and aims to curb banks' risky investments. The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture...

  • INTERVIEW- Barney Frank on practically everything Tuesday, 16 Dec 2014 | 10:39 AM ET

    Dec 16- Long a legislative lion for Democrats, Barney Frank retired from Congress two years ago. In Congress, he was the controversial Democratic leader on the House Financial Services Committee and was a co-sponsor of the eponymous 2010 Dodd-Frank act, which brought sweeping reform to the financial industry. REUTERS: What do you make of Congress last weekend...

  • Memories of financial crisis fading as risks rise Monday, 15 Dec 2014 | 1:20 PM ET

    —Congress acted to loosen the regulation of the high-risk investments that ignited the 2008 crisis. —The Institute of International Finance declared it "worrisome" that global indebtedness, as a share of world economic output, has reached record levels. "We're on a very dangerous trajectory," said Simon Johnson, professor of global economics at the Massachusetts...

  • WASHINGTON, Dec 13- The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments. Passage of the 1,603- page bill was a long, tough struggle in the Senate and the House of Representatives...

  • Congress sends Obama $1.1 T spending bill Saturday, 13 Dec 2014 | 12:12 AM ET

    WASHINGTON— President Barack Obama on Friday urged the Senate to ratify a $1.1 trillion, House-passed spending bill that has roiled his Democratic Party, judging it an imperfect measure that stems from "the divided government that the American people voted for." Mike Lee of Utah, launched a bid to force the Senate to vote on Obama's new immigration policy.

  • WASHINGTON, Dec 10- U.S. regulators on Wednesday said they were stepping up efforts to examine financial institutions' defenses to ward off cyber attacks, as a top FBI official warned of new "increasingly complex" threats to the financial sector. "Today's cyber actors, from nation states to criminal groups and individuals, find themselves virtually unrestrained...

  • Elizabeth Warren on attack vs. Obama Treasury pick Wednesday, 10 Dec 2014 | 12:45 PM ET
    Sen. Elizabeth Warren

    The Massachusetts firebrand launched attacks against Antonio Weiss, who Obama nominated as Treasury undersecretary for domestic finance.

  • WASHINGTON, Nov 26- Mitt Romney, the Republican Party's unsuccessful presidential nominee in 2012, leads the field for the 2016 election among Republican voters, according to a Quinnipiac University poll released on Wednesday. Among possible Republican candidates, Romney's 19 percent put him ahead of former Florida governor Jeb Bush with 11 percent, New...

  • WASHINGTON, Nov 25- Americans who lost their homes to foreclosure will be able to buy them back at current market value if the properties are owned by housing finance giants Fannie Mae and Freddie Mac, the regulator of the two firms said on Tuesday. The FHFA said the new rule applies to about 121,000 properties currently owned by Fannie Mae and Freddie Mac, which...

  • Sorkin: Senator Warren’s misplaced rage Tuesday, 25 Nov 2014 | 8:17 AM ET
    Senator Elizabeth Warren

    Sen. Elizabeth Warren misunderstands the Burger King-Tim Hortons inversion deal, Andrew Ross Sorkin says.

  • CNBC's Hampton Pearson reports NY Fed President William Dudley, was asked about the Fed's oversight role as a regulator of some big banks, by lawmakers.

  • 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...

  • Fired bankers at Goldman, NY Fed were pals: Lawyer Thursday, 20 Nov 2014 | 3:42 PM ET
    Pedestrians walk past the New York Federal Reserve building.

    Rohit Bansal and Jason Gross had been friends for years, both having worked at the New York Fed. Now both are out of jobs.

  • 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...

  • 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,...

  • Sen. Warren takes on Obama  Friday, 14 Nov 2014 | 3:27 PM ET

    President Obama has nominated Antonio Weiss for Treasury undersecretary. Politico's Chief Economic Correspondent Ben White, provides insight to Sen. Elizabeth Warren's plans to oppose the nomination of Weiss.

  • Wall Street foe Liz Warren rises in DC Friday, 14 Nov 2014 | 11:28 AM ET
    Senator Elizabeth Warren

    Sen. Elizabeth Warren is gaining new powers in D.C. Here's what that means for the GOP, Hillary Clinton and Wall Street. Politicos' Ben White reports.