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"When the Supreme Court ruled that the government may not ban campaign spending by corporations in the landmark Citizens United decision last year, it argued that disclosure of contributions would protect American... Read More
"The Federal Reserve made a rare promise on Tuesday to hold short-term interest rates near zero through at least the middle of 2013, in a sign that it has all but written off the chances of an expansion strong enough to... Read More
"Wells Fargo & Co. is the winning bidder for Bank of Ireland's $1.4 billion U.S. commercial-real-estate loan portfolio, according to people familiar with the matter, marking the latest sale of U.S.... Read More
"Criticism of the industry's dominance heightened following S&P's downgrade, especially after the company went ahead with the downgrade after U.S. officials said they noticed a $2 trillion error in S&P... Read More
"The Obama administration will announce plans Wednesday to seek investors' ideas for turning thousands of foreclosed properties owned by government-backed entities into rental homes, according to administration... Read More
"Nearly three years after the government infused the banking industry with hundreds of billions of taxpayer dollars, many large banks continue to struggle with the fallout of the housing bust." Read the full... Read More
WASHINGTON — Standard & Poor's downgrade of U.S. debt last week is likely to hasten the replacement of credit ratings within bank regulatory requirements. The Dodd-Frank Act enacted last year required the... Read More
 Moody’s Corp. and the parent company of Standard & Poor’s have spent increasingly more money to lobby the U.S. government in recent years, data from a money-in-politics research group show, and... Read More
Goldman Sachs Inc. said U.S. securities regulators are investigating whether the securities firm broke bribery laws. Tuesday's disclosure by Goldman of numerous investigations, regulatory reviews and legal action... Read More
Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant... Read More
"The Commodity Futures Trading Commission is moving ahead with plans to radically alter the way margin collateral for cleared OTC swaps contracts is protected in the event of a default by a clearing member or one of its... Read More
"You have to love the Financial Times' Lex column, which has this item today and begins thus: "Caveat emptor. But which emptor?"  It also makes the unassailable observation that "A truth and... Read More
"At the root of today’s credibility deficit is a failure to come to grips with the long, slow growth period that is typical of post-financial crisis recovery," says Ken Rogoff.  Read the full story at... Read More
"There is a difference between the amount of equity a bank needs to run its business and the amount it needs to maintain market confidence."  While this observation was made about Bank of America, every bank,... Read More
"'Most of the world's largest economies are heading for a period of slower growth, and it is increasingly likely that the U.S. will share that fate,' according to the OECD." Read the full story at... Read More
"Fears about the health of the U.S. banking system are back in a big way.  Bank stocks plunged 11% Monday in their biggest one-day drop since April 2009, as investors questioned how well giant financial firms will... Read More
The Senate Banking Committee has started gathering information for what could become a hearing on the ratings agency Standard & Poor’s, a committee aide said Monday. S&P downgraded America’s sparkling... Read More
Better Markets called today for the Securities and Exchange Commission to provide more rigorous oversight of the troubled credit-rating industry.  “The SEC needs to use its new authority under Dodd-Frank to... Read More
Discussion of recessions, business cycles, and what is happening now as laid out in Rogoff and Reinhart's book, with Rogoff quoted as saying “The whole mentality of thinking of this as a recession leads to bad... Read More
"AIG Financial Products, the little-known unit that set off a panic on Wall Street and came to symbolize the recklessness and greed behind the financial crisis, died this week. It was 24." Washington Post