Senate Banking Committee

JPMorgan Loss, Facebook IPO Debacle Combine To Erode Confidence In Wall St.

AP | PALLAVI GOGOI | Posted 05.24.2012

Read More: JPMorgan Chase, Jpmorgan Trading Loss, Video, Morgan Stanley, Wall Street, Senate Banking Committee, Facebook IPO, Main Street, Securities and Exchange Commission, Facebook, Wall Street Confidence, Ap, Business News

NEW YORK (AP) — Wall Street appears bent on convincing Main Street that the game is rigged. Investor anger is mounting over the initi...

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Senate Panel Reviewing Facebook IPO

AP | MARCY GORDON | Posted 05.23.2012

Read More: Facebook Ipo Probe, Facebook IPO 2012, Video, Facebook Ipo Glitch, Senate Facebook Ipo, Senate Banking Committee, Facebook IPO, Business News, Facebook-Ipo-Glitches, Facebook Ipo Investigation, Business News

WASHINGTON — Two congressional panels are reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the...

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JPMorgan Being Investigated Over 'Completeness' Of Bank's Financial Reporting

AP | MARCY GORDON | Posted 05.22.2012

Read More: Sec Jpmorgan, Jpmorgan Trading Loss, Video, Senate Banking Committee, Reuters, SEC Chairman Mary Schapiro, Sec, U.S. Securities and Exchange Commission, Jpmorgan Sec, Business News

WASHINGTON — Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering...

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Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 05.22.2012

Read More: Jpmorgan Regulation, JPMorgan Chase, Video, Wall Street, Senate Banking Committee, Jpmorgan, Jamie Dimon, Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Regulation, Ap, Cftc, Business News

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

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Obama's CFPB Nominee Clears First Hurdle

AP | Posted 12.06.2011

Read More: Richard Cordray, Senate, Video, Consumer Financial Protection Bureau, Senate Banking Committee, Financial Reform, Cfpb, Wall Street Reform, Senate Cfpb, Richard Cordray Cfpb, Consumer Protection, Cordray CFPB, Cordray, Politics News

WASHINGTON -- The Democratic-run Senate Banking Committee has approved President Barack Obama's choice to head the new Consumer Financial Protection B...

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Tim Geithner: Euro Crisis Could Cause Significant Damage To U.S. Economy

AP | MARTIN CRUTSINGER | Posted 12.06.2011

Read More: European Debt Crisis, Geithner Europe, Video, Tim Geithner, Senate Banking Committee, Euro Debt Crisis, Obama Administration, European Authorities, Business News

WASHINGTON — The Obama administration is urging European leaders to deal more forcefully with a debt crisis that could significantly damage the ...

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Why Buffett's 'Shared Sacrifice' Should Only Be The Start

Bloomberg | Jonathan Weil | Posted 10.25.2011

Read More: Stock Market Crash, Wall Street, Senate Banking Committee, Stock Market, Walter Lippmann, Banking Crisis, Federal Reserve, Warren Buffett, New York Times, Wells Fargo & Co., Berkshire Hathaway Inc., Business News

Whenever the leadership class feels nervous, you can count on some of them to offer the less-moneyed masses a bone to demonstrate they care. Warren Bu...

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Tim Geithner: President Should Veto Any Legislation Weakening Financial Reform

Wall Street Journal | Timothy Geithner | Posted 09.19.2011

Read More: The Commodity Futures Trading Commission, Congress, Federal Deposit Insurance Corporation, Great Recession, Financial Reform, Troubled Asset Relief Program, President Barack Obama, Senate Banking Committee, Republican, Gop, Timothy Geithner, Securities and Exchange Commission, Dodd-Frank Bill, Business News

In June 2009, the administration submitted to Congress a proposal that would fundamentally reshape the financial system. It was designed to lay a stro...

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Two Top Contenders Emerge To Head Consumer Protection Agency

Reuters | Posted 06.05.2011

Read More: Elizabeth Warren, Jennifer Granholm, Consumer Financial Protection Bureau, Sarah-Raskin, Senate Banking Committee, Pay-Day-Lenders, Cfpb, Federal Reserve, Harvard, Michigan, Banking Industry, Barack Obama, Credit Card Fees, Business News

April 6, 2011 1:39:49 AM WASHINGTON (Reuters) - The White House is considering Federal Reserve Governor Sarah Raskin and former Michigan Gov. J...

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Megabank Myths

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, ...

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Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Price-Fixing, Community Banks, Senate Banking Committee, Federal Reserve, Debbie Wasserman Schultz, Business, Mortgage-Companies, Merchant Payments Coalition, Eric Cantor, Politics, Visa, Bank Lobby, Bob Corker, Spencer Bachus, Tester-Corker Bill, Subprime Loans, Michael Hunter, Financial Regulation, American Bankers Association, Dick Durbin, Credit Cards, Shelly Moore Capito, Bank Lobbyists, Mastercard, Wall Street, Consumer Federation of America, Consumer Financial Protection Bureau, Swipe Fees, Jon Tester, Debit Cards, US News, House Financial Services Committee, Politics News

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

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Tim Geithner: All Parties Will Benefit From A Quick Mortgage Settlement

Reuters | Dave Clarke and David Lawder | Posted 05.25.2011

Read More: Tom Miller, Foreclosure Crisis, Housing Market, Consumer Financial Protection Bureau, Senate Banking Committee, Tim Geithner, Wells Fargo, Ally Financial, Cfpb, Bank of America, Federal Reserve, Housing and Urban Development Department, Jpmorgan and Chase, Business News

WASHINGTON (Reuters) - A comprehensive settlement between U.S. authorities and banks over alleged abuses of mortgage servicing needs to be reached...

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Bernanke: Don't Sweat The Oil Stuff

Reuters | Pedro Nicolaci da Costa and Mark Felsenthal | Posted 05.25.2011

Read More: Libya, US Crude Oil, Federal Deficit, Cboe Volatility Index, Federal Reserve, Washington, Oil Prices, Senate Banking Committee, US Economy, Ben Bernanke, Business News

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the surge in oil prices is unlikely to hurt the U.S. economy unless it ...

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Bernanke: Regulators Can Handle 'Too Big To Fail' Banks

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Federal Deposit Insurance Corporation, Senate Banking Committee, g20, Too Big to Fail, Federal Reserve, Richard Shelby, Ben Bernanke, Capital Flows, Commodity Futures Trading Commission, Securities and Exchange Commission, Dodd-Frank, Quantitative Easing, Mary Shapiro, Regulation, Comptroller of the Currency, Treasury Department, Video, Business News

Fed chairman Ben Bernanke said on Thursday that regulators could now handle the collapse of a "too big to fail" bank. The next day, presenting a new r...

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Nobel Prize-Winning Economist Sees Fed Nomination Fizzle

Posted 05.25.2011

Read More: Peter Diamond Confirmation, Peter Diamond Federal Reserve, Massachusetts Institute of Technology, Mit, Peter Diamond, Senate Banking Committee, Business News

WASHINGTON: The nomination of Nobel prize-winning economist Peter Diamond to the Federal Reserve's Board was scuttled on Wednesday when the Senate fa...

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Bernanke Calls On Congress To Help The Economy -- For At Least The Fourth Time In Five Months

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Senate Banking Committee, Economic Crisis, Business News, Quantitative Easing, Federal Reserve, Monetary Policy, Ben Bernanke, Fiscal Policy, Joint Economic Committee, House Financial Services Committee, Financial Crisis, Business News

NEW YORK -- For at least the fourth time since June, Federal Reserve Chairman Ben Bernanke publicly urged Congress to combat the lackluster recovery b...

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Top GOP Leader Wants To Trim Back New Consumer Agency, Reforms

Reuters | Dave Clarke and Rachelle Younglai | Posted 05.25.2011

Read More: Richard Shelby, Consumer Agency, Senate Banking Committee, New Consumer Agency, House Financial Services Committee, Cfpb, Business News

WASHINGTON (Reuters) -- Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they reg...

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SEC: We've Toughened Enforcement Efforts After Madoff Scandal

AP | MARCY GORDON | Posted 05.25.2011

Read More: Robert Khuzami, David Kotz, R. Allen Stanford, Ponzi Scheme, Sec, Bernard Madoff, Securities and Exchange Commission, Bernie Madoff, Senate Banking Committee, Business News

WASHINGTON — Senators pressed the Securities and Exchange Commission's chief enforcement official Wednesday to explain why the agency has yet to...

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Fiscal Times Questions Elizabeth Warren's Candidacy

Huffington Post | Sara Yin | Posted 05.25.2011

The Fiscal Times, an online newspaper funded by Blackstone co-founder and former Council of Foreign Relations chair Peter Peterson, has published two ...

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Chris Dodd, Top Democrat, Fights Against Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Elizabeth Warren, The Financial Fix, Senate Banking Committee, Bailouts, Cfpa, Christopher Dodd, Wall Street, Consumer Financial Protection Bureau, Consumer Financial Protection Agency, Cfpb, Financial Crisis, Timothy Geithner, Consumers, Consumer Protection, Business News

This story was updated at 4:23 p.m., 5:15 p.m. and 6:30 p.m. ET. Despite the outpouring of support for bailout watchdog Elizabeth Warren's candidac...

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Yellen: Job Creation Is A `High Priority'

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Congress, Unemployment, Senate Banking Committee, Federal Reserve, Jobs, Ben Bernanke, Barack Obama, Janet Yellen, Federal-Reserve-Bank-of-San-Francisco, Business News

WASHINGTON — Janet Yellen, the president's pick to be the second-highest ranking official at the Federal Reserve, acknowledged Thursday that reg...

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Banks Must Be Barred from Dealing Derivatives: It's NOT a Normal Part of the Business of Banking

SAFER | Posted 05.25.2011

Read More: Banks, Blanche Lincoln, Senate Banking Committee, Financial Reform, Derivatives, Too Big to Fail, Derivatives Reform, Business News

Jane D'Arista and Gerald Epstein Political Economy Research Institute (PERI), University of Massachusetts, Amherst and Coordinators of SAFER The furo...

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The Financial Crisis: We Know Enough; Now Let's Do Enough

SAFER | Posted 05.25.2011

Read More: Banking Crisis, Shadow Banking, Proprietary Trading, Senate Banking Committee, Financial Reform, Derivatives Reform, Senate Bill, Business News

William Black, University of Missouri, Kansas City James Crotty, Department of Economics, University of Massachusetts, Amherst Jane D'Arista, SAFER & ...

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Financial Reform Debate Turns To Bill's Details

AP | DAVID ESPO | Posted 05.25.2011

Read More: Financial Reform Bill, The Financial Fix, Derivatives, Financial Reform, Senate Banking Committee, Consumer Protection Agency, Resolution Authority, Federal Reserve, Chris Dodd, Richard Shelby, Business News

WASHINGTON — Days of high-decibel partisanship yielded to slightly more subdued accusations as the Senate lurched into action Thursday on legisl...

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Ending Interconnectedness: It's Already in the Bill

SAFER | Posted 05.25.2011

Read More: Financial Crisis, Credit Default Swaps, Financial Reform, Senate Financial Reform Bill, Senate Banking Committee, Too Big to Fail, Business News

Jane D'Arista University of Massachusetts, Amherst, SAFER www.peri.umass.edu/safer On the eve of the proposed debate on the Restoring Financial Stab...

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