Tag: Finance

In addition to paying a fine, Goldman Sachs has to take steps to improve their oversight of traders working in the area, the CFTC said. (Michael Nagle/Bloomberg)

Goldman Sachs fined $120 million for manipulating reference rate

Joseph Lawler · December 21, 2016 4:20 pm

Banks using overdraft fees to make up revenue they aren't getting from loans, Pew report finds. (Graham Barclay/Bloomberg News)

Banks rely on customer-unfriendly overdraft fees, study finds

Joseph Lawler · December 20, 2016 4:30 pm

Big banks will need to raise $70 billion in funding to comply with a new rule to be finalized Thursday by the Federal Reserve. The rule requires the largest banks to pre-fund "the costs of their own failure," Fed Chairwoman Janet Yellen said. (AP Photo/Alex Brandon)

Big banks need to add $70 billion to meet new Fed rule

Joseph Lawler · December 15, 2016 4:37 pm

"Midnight rulemaking" is not conducive to sound policy, Rep. Jeb Hensarling says. (AP Photo/Seth Wenig, File)

GOP: Outgoing SEC chief defying ‘will’ of the people with midnight rules

Joseph Lawler · December 13, 2016 10:54 pm

The bank's growth will be restricted because of its failure to create a legitimate bankruptcy plan. (AP Photo/CX Matiash, File)

Regulators reject Wells Fargo’s ‘living will’

Joseph Lawler · December 13, 2016 10:27 pm

Regulation acts as a barrier to entry. The banks know this, very well. (AP Photo/File)

Big banks, cybersecurity are key threats to financial system, Congress told

Joseph Lawler · December 13, 2016 5:00 pm

(Credit: Ben Wikler)

A Trumpian Outburst from Elizabeth Warren

Tws Staff · December 13, 2016 2:41 pm

Gary Cohn, President and COO of Goldman Sachs, will play a key role in shaping President-elect Trump's economic policies, as the announced pick to direct the National Economic Council.. (AP Photo/Mark Lennihan)

Goldman Sachs president to play key role in setting Trump’s economic policy

Joseph Lawler · December 12, 2016 7:48 pm

All indications suggest that Donald Trump's team is ready entirely to scrap the housing rule, clunkily known as Affirmatively Furthering Fair Housing. Conservatives see the rule as outrageous government overreach and federal intrusion into local affairs.

Why Ben Carson’s HUD will take a wrecking ball to Obama’s housing rule

Joseph Lawler · December 10, 2016 5:01 am

The agency will meet Dec. 15 to consider the rule, which would require banks to issue certain amounts of long-term debt that could be converted to equity in the case of a bank failure, effectively forcing creditors to "bail in" the bank rather than taxpayers bailing it out. (AP Photo/Mark Lennihan, File)

Fed to meet on finalizing major too-big-to-fail rule before Obama leaves

Joseph Lawler · December 8, 2016 8:11 pm

Durbin and Co. seem to have expected the banks to provide their services — processing each debit card transaction — for free. Or at a fixed (lower) price, determined not by the market — but by political/legislative fiat. (Graeme Jennings/Washington Examiner)

Durbin’s debit debacle

Eric Peters · December 8, 2016 5:03 am

Detractors are quick to point out potential flaws in the CEO surtax, especially that the policy would incentivize companies to leave Portland.

Portland looks to cash in on high CEO pay

Joseph Lawler · December 5, 2016 5:01 am