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Legislation Regulations

  • Banks Are Asked To Submit Capital Plans

    Regulators are questioning major U.S. banks about capital raising plans and BofA announces they plan to make at least 3,500 layoffs beginning tomorrow, with CNBC's Kate Kelly and Steve Liesman.

  • Jim Rogers during a visit to Wenzhou, Zhejiang Province of China. Rogers says he's long Chinese stocks and the currency even though he thinks the property sector may be in a bubble.

    The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.

  • Banks Asked to Submit Capital Plans

    CNBC's Kate Kelly has the story on The Fed, OCC, and FDIC asking banks for capital plans during the summer.

  • The Goldman Sachs booth on the floor of the New York Stock Exchange

    Goldman Sachs should break itself up, a former partner at the firm says.

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    A government desire to break up the nation's largest banks and discourage lending is going to force the US into a recession, analyst Dick Bove told CNBC.

  • Foreclosure

    Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that is proposed to limit part of their legal liability in return for a multibillion dollar payment. The FT reports.

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    Global bank regulators are preparing to ease new rules that would require banks to hold more liquid assets to withstand a funding crunch in a crisis. The FT reports.

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    After trickling forward in terms of job growth in the United States, the August numbers released Friday were met with alarm. The numbers suggest that companies have stopped hiring and are maintaining the status quo in terms of head count. Based on this release, data equity markets sold off and gold rallied as concerns arose about the strength of the US economic recovery. Banks in particular including much maligned Bank of America were hit as a result.

  • President Barack Obama

    President Barack Obama on Friday sacked a controversial proposed regulation tightening health-based standards for smog, bowing to the demands of congressional Republicans and some business leaders.

  • "If you look at the situation of the economic crisis it was always more political than financial. We need to simplify the decision-making process because at the moment it is far too complicated," Jose Maria Aznar, former Prime Minister of Spain, told CNBC.

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    The Justice Department suit "isn't a negotiating tactic to extract additional asset divestitures and conditions from AT&T," says one analyst. "The DoJ and FCC intend to block the transaction."

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    Although the DOJ said its door is open for counter-proposals from AT&T  regarding the department's decision to protest a merger between AT&T and T-Mobile, a high ranking DOJ official said on Wednesday there's a "pretty high hurdle" for approving the merger.

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    The government sued to block AT&T's $39 billion deal to buy T-Mobile USA because of anti-competition concerns, launching the biggest challenge to a takeover by the Obama administration.

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    "Last Tuesday, the White House unveiled its plan to reduce and reform federal regulations...I was hopeful the administration had heard the pleas of American business owners and was willing to confront the out-of-control regulatory environment. Unfortunately, it seems that once again the President’s rhetoric did not yield any real results," writes Rep. Graves.

  • Job seekers wait in line to have their résumés reviewed at the second annual Anaheim/Orange County Job Fair.

    The House Republican agenda this fall will focus on repealing environmental and labor regulations that GOP lawmakers say are driving up the cost of doing business and discouraging employers from hiring new workers.

  • Mad Money, August 24, 2011

    Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

  • French finance minister Christine Lagarde is seen as a front-runner to succeed Strauss-Kahn.

    While markets are hyper-focused on the Friday speech at Jackson Hole by Fed Chairman Ben Bernanke, they are overlooking what could be an equally important Saturday appearance by IMF Managing Director Christine Lagarde.

  • Bernie Madoff

    The man whose emails detailing Bernie Madoff's Ponzi scheme were ignored by the Securities and Exchange Commission has a new target — foreign exchange fraud, and he has Bank of New York and State Street in his sights.

  • Jamie Dimon

    Changing regulations are a massive impediment towards American corporate competitiveness, says blogger Yoshikami.

  • IMF Managing Director Dominique Strauss-Kahn

    Charges against former head of the International Monetary Fund Dominique Strauss-Kahn may be dropped altogether this week in New York.