Pete Schroeder

U.S. President Joe Biden on Friday said he would nominate former Treasury official Michael Barr to be the Federal Reserve's Wall Street cop, replacing Sarah Bloom Raskin, who withdrew in March after failing to win support from moderate Democrats.

With Sarah Bloom Raskin last month dropping out of the running for the Federal Reserve's top regulatory role, President Joe Biden's administration is hunting again for a new candidate.

A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk as Russia's invasion of Ukraine and the surge in crypto trading has created a range of new of new financial threats.

Four women will take seats on the Commodity Futures Trading Commission, returning the derivatives regulator to full strength, after a unanimous U.S.

The White House on Monday proposed imposing a minimum tax on the nation's richest people to challenge the "indefensibly low tax rates" the wealthy can engineer as Democrats take another swing at a so-called billionaire's tax.

A group of U.S. Senate Democrats is pressing large U.S. banks to scrap or significantly reduce overdraft and other fees they charge customers with insufficient funds.

U.S. Senate Banking Committee Chairman Sherrod Brown and other Senate Democrats have asked government regulators to examine Wells Fargo's mortgage refinancing policies to ensure they do not discriminate against minority borrowers.

Sarah Bloom Raskin's decision Tuesday to withdraw her nomination as the Federal Reserve's Wall Street cop further delays rule changes that have been in limbo since Randal Quarles stepped down as vice chair for supervision in October.

With Sarah Bloom Raskin's nomination to become the Federal Reserve's regulation chief in jeopardy, the White House may be forced to opt for a new moderate candidate or leave the post open for the foreseeable future.

With Sarah Bloom Raskin withdrawing her nomination to become the Federal Reserve's regulation chief on Tuesday, the White House may be forced to opt for a new moderate candidate or leave the post open for the foreseeable future.

Sarah Bloom Raskin ended her bid to become the top bank regulator at the Federal Reserve on Tuesday, one day after Democratic Senator Joe Manchin said he would not support her, citing worries she would discourage banks from lending to oil and gas companies.

U.S. banks saw their profits jump nearly 90% in 2021 as firms shrank how much money they were setting aside to protect against credit losses, the Federal Deposit Insurance Corporation said on Tuesday.

Republicans' Tuesday boycott of a vote to advance the nomination of Sarah Bloom Raskin as the Federal Reserve's Wall Street cop will further delay regulatory changes which have been in limbo since Randal Quarles stepped down as Vice Chair for Supervision in October.

Republicans' Tuesday boycott of a vote to advance the nomination of Sarah Bloom Raskin as the Federal Reserve's Wall Street cop will further delay regulatory changes which have been in limbo since Randal Quarles stepped down as Vice Chair for Supervision in October.

Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite President Donald Trump's view that interest rate hikes have already gone too far.

Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in their districts.

A federal banking regulator said long-awaited it will begin soliciting input on decades-old rules on bank lending in low-income communities, kicking off a long-awaited and potentially contentious rule-writing process.

On May 30, U.S. regulators unveiled a plan to modify the so-called Volcker Rule introduced following the 2007-2009 financial crisis, aiming to make compliance easier for many firms and relieving small banks altogether.

Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne.

U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams.