With Election Nearing, Wall Street Ponders a Romney Presidency
Some speakers at the annual meeting of the Securities Industry and Financial Markets Association, Wall Street’s chief lobbying group, were eager to feed hopes that Mitt Romney would win the election.
View ArticleWhat Wall St. Needs to Know About Elizabeth Warren
As a senator, Elizabeth Warren, the architect of the Consumer Financial Protection Bureau, will have the opportunity to weigh in on a number of the issues that are making Wall Street nervous, as...
View ArticleWarren Is Nominated for Senate Banking Committee
Elizabeth Warren, a noted consumer advocate, had harsh words for Wall Street throughout her campaign for Senate, and she is expected to support tougher controls on the industry.
View ArticleLawmakers Warn A.I.G. Not to Join Lawsuit Against U.S.
Three Democratic lawmakers write to the company's chairman: "A.I.G. apparently seeks to become the poster company for corporate ingratitude and chutzpah."
View ArticleAt Senate Hearing, Warren Comes Out Swinging
At a hearing on Thursday, Senator Elizabeth Warren grilled top banking regulators on their response to Wall Street wrongdoing.
View ArticleRealities Behind Prosecuting Big Banks
Recent comments by the attorney general seem to contradict the administration’s view that too-big-to-fail was fixed by the Dodd-Frank financial regulation law.
View ArticleU.S. Efforts to Regulate Consultants Face Big Obstacles
Federal regulators are under pressure to rein in a multibillion-dollar consulting industry after the firms stumbled during a recent review of foreclosure abuses. But the efforts may be stymied, by the...
View ArticleConsultants to Banks Are Sharply Questioned on Independence
The use of consultants, who are paid by the same banks they are expected to help reform, is being examined at a Senate Banking Committee hearing.
View ArticleSenators Introduce Bill to Separate Trading Activities From Big Banks
Senator Elizabeth Warren and Senator John McCain are sponsoring a 21st-century version of the Glass-Steagall Act from the 1930s, to break up large banks.
View ArticleAt Senate Hearing, Wall Street Executives Share Concerns About the Market
The topics included high-frequency trading and dark pools, two areas of finance that have come under increased scrutiny in the last few months.
View ArticleTaking Stock of Four Years of Dodd-Frank
Banks are still too big to fail and the regulatory framework is incomplete, writes Jennifer Taub, a professor at Vermont Law School.
View ArticleNew Opposition to Lazard Banker’s Nomination to Treasury Post
A group of community bankers raised many of the same concerns as Senators Elizabeth Warren and Richard Durbin about the naming of Antonio Weiss to a top Treasury job.
View ArticleNew York Fed Is Criticized on Oversight
"Is the Federal Reserve up to the task of regulating financial institutions that are so large and complex?” the chairman of a Senate panel asked William C. Dudley.
View ArticleElizabeth Warren Misfires in Latest Wall St. Salvo
Senator Elizabeth Warren's opposition to a nominee for a role at the Treasury Department demonstrates her blatant political motivation, William D. Cohan writes in the Street Scene column.
View ArticleAdministration Stands Behind Treasury Nominee, Secretary Lew Says
"We're going to continue to press his nomination forward," Treasury Secretary Jacob J. Lew said. He also spoke about corporate taxes and sanctions on Russia.
View ArticleNew Policy Goes Only Partway in Helping Struggling Homeowners
The Federal Housing Finance Agency is allowing people who have lost their homes to buy them back at fair market value. But that doesn't help people still in their homes, Jennifer Taub writes in the...
View ArticleCitigroup Becomes the Fall Guy in the Spending Bill Battle
Citigroup is facing criticism, mostly from left-leaning groups, for its role in writing a provision in the government spending bill that would undo a major feature in the Dodd-Frank financial overhaul.
View ArticleGathering Bedfellows, Odd and Otherwise, for Auld Lang Syne
Toasting and roasting the guests we’d like to invite for our annual DealBook “Closing Dinner.”
View ArticleFacing Opposition, Nominee for Treasury Under Secretary Withdraws
Antonio Weiss withdrew his name from consideration in the face of liberal opposition, and will instead serve as a counselor to the secretary of the Treasury.
View ArticleTreasury Fight Is Over, but Wall Street Animosity Lingers
The drive to derail the Treasury post nomination of Antonio Weiss highlights a vitriol toward bankers that risks becoming counterproductive, William D. Cohan writes in the Street Scene column.
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