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Business Richard Shelby

  • March 21- The top Democrat on the U.S. Senate Banking Committee told bankers gathered in Washington on Tuesday that his party would not support drastic changes to the Dodd-Frank financial reform law. "What we will not do is a wholesale rollback of Dodd-Frank," he said at an American Bankers Association conference. As president, Trump has voiced support for efforts...

  • WASHINGTON, Jan 25- The confirmation process for Republican President Donald Trump's choice to chair the U.S. Securities and Exchange Commission appears to be moving forward without any hiccups. Jay Clayton, a lawyer whose specialties include mergers and acquisitions, met privately with Senate Banking Committee Chairman Michael Crapo on Tuesday.

  • Securities and Exchange Commission Chair Mary Jo White on Monday defied requests by Senate Republicans to delay adopting new rules on everything from derivatives to mutual funds until after President-elect Donald Trump takes office. In a letter to the Senate Banking Committee's top two Republicans, Chairman Richard Shelby and Mike Crapo of Idaho, White...

  • In the letter to the Senate Banking Committee's top two Republicans, Chairman Richard Shelby and Mike Crapo of Idaho, White stressed it was "incumbent" on the independent regulator's canons of ethics to proceed finalizing rules. Those canons direct the SEC to "exhibit a spirit of firm independence" in performing its regulatory duties "without fear or favor."

  • Wells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference on May 17, 2016 in San Francisco, California.

    As the bank heads to Capitol Hill for testimony on a fake accounts scandal, Wells Fargo may have one thing going its way.

  • Senator Richard Shelby, a Republican from Alabama

    Senator Shelby defended his vote against a bill that would have allowed the Justice Department to block firearm sales to suspected terrorists.

  • Senate Majority Leader Mitch McConnell talks to reporters in Washington.

    Senate negotiators say they've reached an agreement on a six-year highway and transit bill subject to approval by rank-and-file lawmakers.

  • Sen. Shelby: 'We're Committing Financial Suicide'

    Sen. Richard Shelby, (R-AL), explains why he voted against the "fiscal cliff" bill, and weighs in on the need to "reform entitlement" programs.

  • WASHINGTON, Oct 5- Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states.

  • WASHINGTON, Oct 5- Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states.

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    The White House is struggling to fill key financial posts in the administration as a combination of Senate opposition and candidates’ reluctance to join up leaves critical positions empty. The FT reports.