A Senate bill that would roll back some banking restrictions passed in the wake of the 2008 financial crisis is moving forward with bipartisan support. Seventeen Democrats voted along with Republicans on Tuesday to allow the banking bill to proceed to a vote. Proponents say it will provide relief to small and mid-sized banks. But […]
Britain’s finance chief has delivered an ultimatum to the U.K.’s banks: Obey our new rules or we’ll break you up. Some analysts say the U.S. should follow the British example.
Citigroup has not come roaring out of the financial crisis like Goldman Sachs or JPMorgan Chase. Some analysts think the problems at Citigroup are inherent to the "one-stop-shopping" business model that Citigroup pioneered in the 1990s.