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Entries by Shahien Nasiripour from 07/2013

Federal Reserve Completes Basel Rules As Biggest Banks Face New Threats

Posted 07.02.2013 | Politics

Big banks were warned of further government-inflicted pain, small banks won concessions and mortgage lenders were granted a reprieve as the Federal Re...

Too Big To Fail Banks May Be Forced To Put Up Some $89 Billion To Guard Against Losses

Posted 07.09.2013 | Politics

WASHINGTON -- Top policymakers and lawmakers have increasingly acknowledged over the past year that despite a new law and numerous regulations enacted...

Student Loan Deal Reached In Senate Threatens To Raise Future Costs

Posted 07.11.2013 | Politics

WASHINGTON -- A bipartisan group of senators struck a deal late Wednesday to overhaul the federal student loan program, tying interest rates on new lo...

Too-Big-To-Fail Rift Between Obama Treasury Department, Regulators, Lawmaker Alleges

Posted 07.11.2013 | Politics

WASHINGTON -- A rift has emerged over “too-big-to-fail” between the Treasury Department and the regulators who oversee financial groups, a top Dem...

Beer Brewers Blast Wall Street Banks Over Aluminum Business Amid Congressional Scrutiny

Posted 07.16.2013 | Politics

WASHINGTON -- A loose coalition of beer brewers, automakers, Boeing and Coca-Cola is accusing big banks, including Goldman Sachs and JPMorgan Chase, o...

Elizabeth Warren: Student Loan Profits 'Morally Wrong'

Posted 07.17.2013 | Politics

The Obama administration and Congress are not helping students, Sen. Elizabeth Warren (D-Mass.) charged Wednesday, reaping record profits off the fede...

Jack Lew: Too-Big-To-Fail Dead By Year's End ... Or Else

Posted 07.17.2013 | Politics

The threat posed by too-big-to-fail banks should be eradicated by year's end, and if not, more restrictive measures targeting large financial groups m...

Student Loan Deal Set To Increase Borrowing Costs, Swell Government Profit

Posted 07.18.2013 | Politics

WASHINGTON -- A bipartisan Senate accord supported by the White House to overhaul the federal student loan program is forecast to boost government pro...

Wall Street's Commodities Profit Threatened As Federal Reserve Launches Review

Posted 07.19.2013 | Politics

The Federal Reserve said late Friday it is revisiting a landmark ruling that allowed big banks to enter the lucrative commodities business, raising th...

MillerCoors Urges Federal Reserve Crackdown On Wall Street's Aluminum Dealings

Posted 07.22.2013 | Politics

The Federal Reserve should toughen oversight of big banks such as Goldman Sachs and JPMorgan Chase due to their negative influence over commodities, i...

White House Ratchets Up Pressure To Pass Student Loan Deal

Posted 07.23.2013 | Politics

The White House is scrambling to keep a preliminary deal on student loan interest rates from imploding, people familiar with the efforts said Tuesday,...

Obama's HAMP Initiative Struggling To Help Homeowners

Posted 07.24.2013 | Politics

A government auditor has warned that the U.S. Treasury Department doesn’t understand why distressed homeowners are re-defaulting at an “alarming...

Obama's Student Loan Profit Guaranteed As Senate Approves Deal

Posted 07.24.2013 | Politics

The U.S. government is forecast to generate $185 billion in profit over the next decade from students and their families under an overhaul of the fede...

JPMorgan Chase Weighs Sale Of Physical Commodities Units Amid Controversy

Posted 07.26.2013 | Politics

JPMorgan Chase, the largest U.S. bank, said Friday it may sell its prized physical commodities business, just three years after it aggressively expand...