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Big U.S. banks have European banks beat. But many of the struggles European banks are facing could start affecting American banks soon.
Today, the Federal Reserve is scheduled to take a step toward revising the Volcker rule. That’s the regulation, hated by the big banks, that limits risky trading practices. The Fed is one of five federal agencies that needs to weigh in on any changes. Click the audio player above to hear the full story.
The Federal Reserve on Wednesday is expected to take up a proposal to relax the Volcker rule. That’s the measure passed in 2010 as part of the Dodd-Frank financial reform law. Big banks say the Volcker rule, which is designed to protect depositor money from risky investments, is too expensive and constraining. Click the audio […]
“The enemy is forgetting”: Bernanke, Geithner and Paulson on why we must remember the 2008 financial crisis
The former officials coordinated the nation's response, one they say would be a challenge in today's political climate.
Fair housing advocates are concerned about a pending vote in the Senate that would relax banking rules on reporting loan data. Click the audio player above to hear the full story.
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 […]
The consumer agency has been a long-time foe of the party and of banks.
Links between regional banks and private bankers are under fire
Republicans want to move away from the law