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Legislation Regulations

  • President Obama's State of the Union Speech

    President  Obama has proposed a lower corporate tax rate and an end to dozens of loopholes he said helps companies move jobs and profits overseas.

  • U.S. Minority Leader Rep. John Boehner

    A united House Republican leadership surrendered crisply and cleanly on legislation to extend expiring payroll tax cuts for 160 million Americans, skipping most if not all of the self-defeating drama that accompanied their far noisier retreat on the issue late last year.

  • The U.S. House of Representatives rejected a two-month extension of an expiring payroll tax cut, escalating a clash with the Senate and Obama that may result in smaller paychecks for workers in January.

    President Obama raised $29.1 million for his campaign and for the Democratic Party in January, a strong fundraising month that put him ahead of the pace he set in the last quarter of 2011.

  • Latest Libor Probe Developments

    As ten enforcement agencies throughout the globe have been investigating a possible Libor rates fixing scandal for up to eighteen months, what regulators were looking for "doesn't seem to be what they are now encountering in terms of potential abuse," Megan Murphy, investment banking correspondent for the Financial Times, told CNBC.

  • Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    Computers and Bloomberg terminals dominate trading floors, but the human element remains a crucial feature of transacting across derivatives and other parts of the global financial system, the Financial Times reports.

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    Most U.S. community banks "are actually doing quite well" although they still face some challenges in this economy, the acting head of the Federal Deposit Insurance Corporation told CNBC Thursday.

  • FDIC Chair on Future of Community Banking

    Insight on the community banking industry and new regulations, with Martin Gruenberg, FDIC acting chairman/vice chair.

  • UBS

    UBS has suspended some of its most senior traders in connection with an international probe into the possible manipulation of interbank borrowing rates, in the latest controversy to hit the Swiss bank since the financial crisis, the Financial Times reports.

  • Republican presidential candidate Mitt Romney speaks to supporters at a rally in the Tivoli Student Union on the Auraria Campus on February 7, 2012 in Denver, Colorado.

    A Democratic leader in Romney's native Michigan says the GOP candidate "stabbed us in the back" for opposing the auto industry rescue package.

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    U.S. investors are looking to Europe for places to park their spare cash, but opportunities may depend on the European debt crisis continuing, according to market participants on both sides of the Atlantic.

  • Republican presidential candidate Rick Santorum rallies supporters in Tacoma, Washington.

    Rick Santorum is on a roll, but a month and a half into the primary season, he's underfunded and outmanned and still lacking in organization.

  • Will the Volcker Rule Hurt Markets?

    Peter Kraus, AllianceBernstein chairman & CEO, and Dan Ryan, PwC Regulatory Advisory Practice chairman, discuss criticism of the Volcker rule which is set to take effect in less than five months.

  • President Barack Obama delivers his State of the Union speech.

    Obama says he's hopeful Congress will renew a 2-percentage-point cut in the payroll tax and is pressing for extended benefits for millions of  long-term unemployed.

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    Regulators in charge of writing the Volcker Rule, which would ban banks from trading with their own money, were inundated with complaints and suggestions from the financial industry. The New York Times reports.

  • Tacoma police officers drag off an protestor during a Republican presidential candidate Rick Santorum rally in Tacoma, Washington.

    Rick Santorum clashes with Occupy protesters during his first visit to Washington state, a place he said would be a "momentum changer" heading into Super Tuesday.

  • The Federal Reserve decides how much money needs to be printed each year and the Bureau of Engraving and Printing does the actual printing. So how do they swap in the new money? When the Fed gets a cash deposit from banks, it reviews all the currency using special currency processing and authentication machines. Generally, those reviews result in the conclusion that one-third of the currency is unfit for future circulation. The currency that’s deemed unfit is shredded and the bills are replaced

    Given that title inflation has been with us since the 1980s, in everything from estate agents’ property descriptions to job titles for students in summer jobs frying hamburgers, we should not be surprised that “printing money” in the 21st century is referred to as “quantitative easing”.

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    Movie spy James Bond uses them. So does Mitt Romney. Now, you, too, can open an off-shore account.

  • SIFMA Urges Changes to Volcker Rule

    The Securities Industry & Financial Markets Association filed five letters to the Federal Reserve this morning, urging changes to the Volcker Rule. Tim Ryan, president & CEO of SIFMA, discusses.

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    The Securities and Exchange Commission has begun a broad examination of the private equity industry, seeking information about the business practices of some of the country’s most powerful financial firms, the New York Times reports.

  • Louis Bacon, CEO Moore Capital Management LLC

    On the heels of weak performance in 2011, Louis Bacon has to reveal information about $15 billion Moore Capital to the SEC — and he’s not happy about it.