Rep. Jim Himes (D-Conn.), a former Wall Street executive, is joining Rep. Randy Hultgren (R-Ill.) to introduce legislation that would undercut one of ...
The federal regulator overseeing trading in derivatives -- an opaque realm worth hundreds of trillions of dollars at the center of the global financia...
U.S. banks might act worried about how JPMorgan Chase's trading pratfall will lead to tighter regulations on their own risky bets, but they've already...
Corporate America, with help from the Obama administration, has struck yet another blow against the scary financial regulations it claims will hurt th...
On Monday, the U.S. Commodity Futures Trading Commission issued an order prohibiting the marketing of a new set of derivatives that would have enabled...
The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.
Wall Street lobbyists are trying hard to weaken the extent to which the government can police a practice that played a central role in the 2008 financ...
On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...
WASHINGTON -- Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation ...
The financial industry is making completely baseless claims about derivatives and must resort to hollow chicanery in a deliberate attempt to mislead the public and to fool people on Capitol Hill.
Oct. 15 (Bloomberg) -- The Asia-Pacific has overtaken North America as the world's biggest derivatives market amid increasing demand for futures and ...
A stopped clock is indeed right twice a day, but only for a minute each time. Former Fed chairman Alan Greenspan may be well on his way to being the stopped clock of the American Economy.
We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...
Congress just passed a sweeping overhaul of America's financial regulatory system.
The financial bill cleared the Senate by a vote of 60 to 39, and ...
The US Security and Exchange Commission's civil suit against Goldman Sachs will be vigorously contested by the defendant. It is interesting to specula...
Senator Blanche Lincoln (D-Ark.) is the chair of the Senate Agriculture Committee and a key vote on derivatives reform. She's also taken $1.2 million...
By now you have probably realized -- correctly -- that "financial reform" has turned into a victory lap for Wall Street.
When they saved the big bank...
Last month, Bill Clinton told ABC News that his former Treasury Secretaries, Robert Rubin and Larry Summers, gave him wrong advice on derivatives, and...
Yesterday, in a letter to Chris Dodd, the chairman of the Senate Banking Committee, Federal Reserve chief Ben Bernanke reiterated his opposition to a ...
A Democratic senator said on Monday that she's "not sure" why Treasury Secretary Timothy Geithner still has his job, calling his financial reform plan...