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Business Richard Shelby

  • NEW YORK, Aug 16- Allan Landon prepared for his job at the Federal Reserve for two-and-a-half years during the Obama administration before his nomination sank into the partisan quicksand of Washington D.C., a swamp which has only deepened under President Donald Trump, leaving more vacancies than ever at the top of the U.S. federal government.

  • NEW YORK, June 16- The overseer of a $4 billion U.S. government fund to compensate victims of Bernard Madoff's Ponzi scheme expects to start distributing money this year, following criticism of the lack of payouts in the nearly four years since the fund's creation. Their claims were deemed valid in early June by the Department of Justice, whose fund is overseen by...

  • 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...

  • 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.