Geithner: JPMorgan Loss 'Helps Make Case' For Regulation
WASHINGTON -- Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules...
WASHINGTON -- Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules...
Reuters | Posted 04.13.2012
* Big capital hole for top 103 banks if Basel III applied -BIS * Average core capital would sag to 7.1 pct vs 10.2 pct ...
Bloomberg | Simon Johnson | Posted 10.01.2011
The summer debate that has dominated Washington seems straightforward. Under what conditions should the U.S. government be allowed to borrow more mone...
Posted 09.15.2011
(Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki ...
Posted 08.27.2011
LONDON/FRANKFURT (Steve Slater and Arno Schuetze) - Europe's banks may need to raise over 50 billion euros ($71.6 Billion) after regulators slappe...
Posted 08.17.2011
FRANKFURT/LONDON (Sakari Suoninen and Huw Jones) - The world's biggest banks face a capital surcharge of up to three percent in a bid to keep taxp...
The Huffington Post | William Alden | Posted 08.16.2011
Executives at JPMorgan Chase aren't happy about the prospect of the government telling them how much money they must hold over for a rainy day. Th...
José Viñals | Posted 06.15.2011
Given the enormous economic and human cost of the recent financial debacle, I strongly believe that we cannot afford to miss this opportunity for substantial reform.
Posted 06.13.2011
WASHINGTON (By Emily Kaiser) - The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-lad...
The New York Times | SIMON JOHNSON | Posted 05.31.2011
Back when it really mattered -- last spring, during the debate over the Dodd-Frank financial regulation -- Senator Ted Kaufman, Democrat of Delaware, ...
Reuters | Kevin Drawbaugh and Dave Clarke | Posted 05.25.2011
(Reuters) - A global crackdown on bank oversight could undermine a fragile economic recovery if governments move too fast and fail to cooperate, inter...
Posted 05.25.2011
LONDON: The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 pe...
AP | MARTIN CRUTSINGER | Posted 05.25.2011
WASHINGTON — The Federal Reserve and other major U.S. banking regulators are calling new global bank capital standards a "significant step forward i...
HuffingtonPost.com | William Alden | Posted 05.25.2011
Requirements that banks hold more cash to prevent against economic downturns won't just hurt the banks themselves, but also the companies they lend to...
Posted 05.25.2011
NEW YORK - U.S. banks have found a way to continue betting their own money on some investments, despite a new law's restrictions on proprietary tradi...
The New York Times | Simon Johnson | Posted 05.25.2011
The Group of 20 summit for heads of government this weekend will apparently "hail bank reform," particularly as manifest in the Basel III process that...
HuffingtonPost.com | William Alden | Posted 05.25.2011
Mervyn King, governor of the Bank of England, criticized the recent Basel III requirements, which increase the minimum amount of capital that banks mu...
The New York Times | SIMON JOHNSON | Posted 05.25.2011
Amazingly, Mr. Geithner made no reference to the Volcker Rule, either explicitly or even implicitly -- despite the centrality of this idea to the rece...
AP / Huffington Post | Posted 05.25.2011
NEW YORK-- Treasury Secretary Timothy Geithner traveled to New York City on Monday to tell bankers and the financial industry that new financial regul...
Reuters | Rolfe Winkler | Posted 05.25.2011
In his testimony before the Financial Crisis Inquiry Commission this week, Alan Greenspan suggested that Bear Stearns and Lehman Brothers would have s...
AP | KELLY OLSEN | Posted 05.25.2011
BUSAN, South Korea — Finance officials from leading advanced and emerging countries began three days of talks Thursday on reshaping the global e...
Huffington Post | Ryan McCarthy | Posted 05.25.2011
In a Monday letter to the G20, President Obama outlined several key components of his push for international financial reform and pushed the group of ...
nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011
One reason the Obama administration has not tried to propose a one-size-fits-all capital requirement as part of the proposed legislation is the worry ...
Simon Johnson | Posted 05.25.2011
(From the author of the book 13 Bankers, out tomorrow) Some people at the top of the administration begin to understand that it makes both economic ...
Zach Carter | Posted 05.25.2011
Individual oversized banks are not the only problem Big Finance poses to the economy -- the overall sector is much too large.
AP | ANDREW TAYLOR | Posted 05.15.2012