The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.» Read More
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Jonathan Dienst, WNBC reports on a new FDIC rule that would stop banks from trading their own accounts for profit, instead of their clients, and CNBC's Kayla Tausche has the details on Occupy Wall Street protesters marching uptown in New York City.
The SEC is set to vote tomorrow on the Volcker Rule introduction, with CNBC's Hampton Pearson.
CNBC's Kate Kelly provides the latest on the Fed and bank stress tests.
CNBC's Hampton Pearson has the details on the bank's quarterly report.
My concerns about the effectiveness of the authority to resolve the failure of an important financial company granted under Title II of the Dodd-Frank still isn’t understood by some readers.
The Dodd-Frank financial reforms were supposed to end bailouts by creating a government authority to "resolve" systemically important financial institutions. But there are good reasons to doubt the so-called Resolution Authority can be effectively implemented for the biggest complex financial institutions.
With shares of two of the largest U.S. banks falling by nearly 20% Monday, the resolution authority of financial regulators to deal with failing banks is being quietly tested.
Bitcoins are an entirely virtual currency allowing users to exchange online credits for goods and services from select retailers, contractors and online trading houses.
The most interesting part of Treasury Secretary Tim Geithner’s op-ed in the Wall Street Journal today is not what the Treasury Secretary wrote—but that he wrote it at all.
CNBC's Diana Olick reports the FTC will not enforce disclosure rules, the cost of living in your home went up in June, and the FDIC sold a Florida condo for the highest price ever paid for a bank owned unit.
In the panicky days of September 2008, a kind of conventional wisdom grew up in the minds of almost all of the Serious People. The failure to "rescue" Lehman Brothers, according to the Con Wiz, was an especially bad mistake on the part of regulators. The government should have arranged a distressed sale by back-stopping Lehman's assets against losses.
Dodd-Frank, love it or hate it, will be one of they key stories this week as some significant deadlines come up this weekend.
The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the first three months of 2011, the highest level in 18 years.
CNBC's Rick Santelli, Diana Olick and Hampton Pearson take a look at April new home sales, and the FDIC Bank earnings report.
As temporary leaders overhaul regulations, concerns are rising about their vulnerability to political pressure, the New York Times reports.
Last week at the Milken Institute Conference, Citadel chief Ken Griffin said there was one measure in Dodd-Frank that terrified him: "orderly liquidation authority"—a measure intended to force better risk-taking by banks.
Latest details and reaction to Sheila Bair's decision to leave the FDIC on July 8th, with CNBC's Eamon Javers and Ron Insana, CNBC contributor.
Sheila Bair is stepping down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she helped craft the government's response to the 2008 financial crisis.
It's almost a heresy to suggest at the Milken Institute Global Conference that we may have too much financial innovation.