While the Obama administration’s financial overhaul plan is directionally correct, it requires refinement, said Gene Ludwig, CEO of Promontory Financial, a firm that tries to fix troubled banks.
Both parties not only question the Fed’s performance but worry that the financial reforms will make the central bank even more politicized.
And you thought PETA sending President Obama a Katcha Bug Humane Bug Catcher was the end of the Presidential Fly Flap. The most hilarious twist yet in the uproar over the President's quick dispatch of a fly to fly heaven is an interview with...the fly's widow.
President Obama's proposed financial reform has sparked a debate among lawmakers and members of the financial sector. Some argue that the plan's creation of a separate consumer protection agency will cause unnecessary confusion, while others say it will give the Federal Reserve too much power. CNBC talked to the experts for their opinion on the proposal.
The high cost of securing health insurance for all Americans, the top domestic priority of President Obama, has Congressional Democrats scrambling to scale back their proposals or find ways to trim tens of billions of dollars a year from existing health programs.
Creating a separate Consumer Financial Protection Agency could cause banks to make unsound loans, said Camden Fine, president and CEO of the Independent Community of Bankers.
Ending the idea that large financial institutions are “too big to fail” is a top priority under the Obama administration’s regulatory reform proposal, said Sheila Bair, chairman of the Federal Deposit Insurance Corp.
Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
The Department of Education has selected student lender Sallie Mae and three other companies to service the $550 billion in outstanding federal student loans and future loans owned by the government.
Healthcare stocks rebound, so is significant reform dead? Healthcare stocks have been moving off their lows since Tuesday and are up significantly today after moving almost straight down in June.
Stocks advanced Thursday as a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday after an encouraging report on manufacturing from the Philadelphia Federal Reserve.
Stocks post modest midday rally. Stocks moved up modestly after the open, led by two of the weakest sectors in the past week: financials and commodities.
The latest polls reveal a growing public revolt against massive deficits and massive government intervention, especially among independent voters. We sorely need limits on spending, borrowing, debt creation, TARP-ing, bailing-out and government expansion.
Stocks advanced on Thursday after a trio of encouraging economic reports: The Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims. But tech stocks continued to retreat, pulling the Nasdaq into negative territory while the Dow and S&P ticked higher. Read and listen to what the experts had to say…
Reality TV has become big business by bringing viewers extremes--extremes in talent, cunning, self-absorption, and outrageous behavior. But one show reveals America's secret weapon: Janice Dickinson.
The economy will recover this year but at a slow enough place to cause challenges for investors, a panel of financial experts told CNBC.
What is good for consumers may not always square with what is good for banks. And the banking industry is bracing for a fight as the plan to overhaul the industry heads to Capitol Hill.
Federal Reserve Chairman Ben Bernanke deserves to be reappointed, because he did a great job in saving the US banking system from collapsing, Jack Welch, author of "Winning" and "Straight from the Gut," told CNBC Thursday.
In the overhaul of financial regulation proposed by the Obama administration on Wednesday, rating services will avoid the radical changes their detractors have urged.