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Legislation Regulations

  • With financial regulatory reform now law, the 'Fast' desk discusses how it will affect the credit card company's bottom line in the future.

  • Wall Street

    "What the law did was force the banks to rethink their business lines, their pricing strategies, their methodology for maintaining their balance sheet," banking analyst Dick Bove . "When they rethink it all, they will be able to offset all of the costs of this bill."

  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building in Washington, DC.

    As the battle over toughened financial restrictions moves to a new front, the regulatory agencies that will create hundreds of new rules for the nation’s banks will face a lobbying blitz from companies intent on softening the blow. And many of the lobbyists the regulators hear from will be their former colleagues. The NYT reports.

  • A dead fish coated in heavy oil floats near shore June 4, 2010 near East Grand Terre Island, Louisiana.

    The oil is clearing much faster than expected, but concern remains over the unseen effects. The NYT reports.

  • An oil-stained Sandwich Tern sits on oil absorbent boom in Long Bay on June 19, 2010 west of Port Sulpher, Louisiana. The bird was reported and delivered to the Louisiana Department of Wildlife and Fisheries for rehabilitation.

    As BP transitions to a new CEO, the company is also subtly transitioning to a new, more aggressive strategy when it comes to its liabilities for the Gulf oil spill.

  • Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?

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    Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistleblowers who alert the SEC to potential fraud will for the first time be entitled to collect between 10- and- 30 percent of the money recovered by the government.

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    Corporate bonds are registered securities—municipal bonds are not. That key distinction is meaningful as details of the new law are unraveled and especially meaningful in light of the controversy surrounding bond sales and the ratings agencies.

  • Apple iPhone

    Owners of the iPhone will be able to break electronic locks on their devices in order to download applications that have not been approved by Apple.The government is making that legal under new rules announced Monday.

  • A law to ban naked short selling in Germany will come into force on Tuesday after having been approved by the parliament earlier this month.

  • Nouriel Roubini

    The pan-European stress tests on the banking sector were not tough enough to reflect future worsening conditions for the continent's economy, Nouriel Roubini told CNBC.com.

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    Goldman Sachs is facing a threat by the Financial Crisis Inquiry Commission to bring in outside accountants to comb through the bank’s systems for data on its derivatives business, the panel’s chairman has said.

  • Jim Rogers

    "There are more problems coming in the currency markets, pension funds, US states and cities, etc. None of this was considered although the latter is only indirect for the European banks," the famous investor told CNBC.com.

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    One analyst says governments and regulators have missed a major opportunity that will come back to haunt them, even though European stocks advanced Monday on relief over results.

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    The results of pan-European stress tests released by the Committee of European Banking Supervisors (CEBS) are detailed enough for investors to work out for themselves losses that banks might incur in case of sovereign defaults if they wish, CEBS chairman Giovanni Carosio told CNBC in an interview Friday.

  • Kenneth R. Feinberg, the Treasury Department's special appointee for executive compensation.

    US pay czar Ken Feinberg told CNBC Friday that he was “dubious” when Wall Street executives maintain that a “brake provision” in pay contracts will put their firm at a competitive disadvantage.

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    Seven of 91 European banks failed stress tests aimed at measuring their strength in case the continent's government debt crisis takes a turn for the worse, regulators said Friday. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.

  • The European Debt Crisis - See Complete Coverage

    Seven of the 91 banks failed the EU stress test. Here's the country-by-country information.

  • All but a handful of European banks passed their stress tests but investors remained worried about the methodology, which many viewed as too easy on sovereign debt.

  • Elizabeth Warren

    Whether or not Elizabeth Warren is named to run the bureau may depend on how willing the president is to anger the banks yet again, and whether he is willing to risk a big confirmation battle in the Senate.