WASHINGTON -- Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helpi...
The 11th-hour deal to avert the so-called fiscal cliff preserved billions of dollars in corporate tax giveaways even as it slashed take-home pay for m...
The bank lobbyists have a problem. Last week, they lost a major battle on Capitol Hill, when Congress was not persuaded to suspend implementation of t...
The financial sector does not make anything. Its goal is to take a little piece of every transaction as money flows through its hands, and in the coming days Wall Street will fight to continue this practice in its harshest form.
WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...
Vikram Pandit heads Citigroup, one of the world's largest and most powerful banks. He's a smart individual -- why then does he advance such obviously specious arguments? The answer is straightforward: he can get away with it.
GOP candidates are making a point of running against "bailouts." Yet even as they rail about rescuing big banks, they're working on a plan that would slip those same banks an estimated $90 billion.
Elizabeth Warren, a top candidate to lead the new Bureau of Consumer Financial Protection, met quietly last week with some of her sharpest critics: bi...
At one level, the pursuit of higher and more robust capital requirements for banks is not going well. The United States Treasury insisted, throughout ...
It's always so much easier to cut deals in the backroom, isn't it? That way politicians don't have to be held accountable for their actions. The bank lobby is clearly frightened of the democratic process... and it should be.
The bankers soon headed to Capitol Hill, talking points in hand -- white folder for House visits, blue folder for Senate visits. They were to protest ...
On Thursday, White House senior adviser Larry Summers came to the defense of "punk staffers" trying to write new financial regulatory reform legislati...
The obvious problem with the all-carrots-no-sticks approach to the bank bailout is that it's done a lot to strip risk and consequence out of the finan...
Elizabeth Warren appeared on "Real Time With Bill Maher" Friday evening to discuss financial reform.
Warren, the chair of the Congressional Oversight...
Rep. Melissa Bean stands at the chokepoint of financial reform in the House of Representatives.
The Democrat from suburban Chicago is only in her th...
The tag on U.S. financial regulation reform may as well say "Made on Wall Street" if bank lobbyists manage to gut the Obama administration's proposed ...
Citigroup Inc., which has yet to repay $45 billion in federal assistance, has more lobbyists than any other company who registered to try to shape leg...
The American Bankers Association issued a "Call to Action" on Wednesday, urging its lobbyists and member banks to make an all-out effort to crush regu...
The New Democrats and the Blue Dogs made good on their threats to join with Republicans to block legislation that would limit the payment of TARP bonuses. Score one for the banks.