FSB's Carney Rejects Calls to Delay Bank Reforms
Financial Stability Board Chairman Mark Carney on Sunday rejected calls from the banking industry to delay planned tougher capital rules for lenders, saying such a move would not spur strong growth.
Why Mitt Romney is the Anti-Obama
For all the hand-wringing about Mitt Romney being insufficiently conservative, the last few days have demonstrated how a Romney candidacy would give voters a clear alternative to the progressive vision articulated by President Barack Obama.
Obama Administration Says Richard Cordray Appointment Legal
The U.S. Department of Justice's Office of Legal Counsel said in a legal memo that the Senate was unable to perform its constitutional duties on presidential nominees, despite holding "pro forma" sessions aimed at blocking recess appointments.
Immigration Reform: Eyeing Election, Obama Acts Without Congress
Obama has recast himself in preparation for the 2012 election, pivoting from compromiser-in-chief to a more aggressive posture of denouncing Republican obstructionism and enacting measures that do not require Congress' consent. That tactic has extended to immigration policy, with Obama presiding over a series of administrative changes to how immigration laws are enforced.
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Banks' Debit Card Fee Comments Under Justice Department Review
The U.S. Department of Justice has launched a review of comments and actions banks and trade associations made when rolling out new consumer debit card fees, sparking antitrust concerns.
European Commission Slashes Eurozone 2012 GDP Forecast, Warns of Recession
The slowdown which began at the end of 2010 now looks more like a prolonged soft patch, the Commission said.
Canadian dollar edges higher as debt focus shifts to Italy
The Canadian dollar ended slightly stronger against its U.S. counterpart on Monday as markets struggled to deal with fresh turmoil in Europe as fears heightened that Italy would be the next victim of the euro-zone debt crisis.
SunTrust to Drop $5 Monthly Debit Card Fee from Nov. 2
SunTrust Banks Inc said on Monday it planned to drop a $5 monthly debit card service fee, adding the Atlanta-based regional bank to the list of lenders dropping such maintenance fees amid rising public criticism of the industry.
Major Banks Reconsider Debit Card Fees
Bank of America will keep the $5-a-month fee for debit card use that's scheduled to start early next year, while other banks, like J.P. Morgan Chase and Wells Fargo, announced Friday that they are shying away from the fees.
Analysis: Volcker pay curbs spark fears of Wall St. exodus
The Volcker rule has created a new battlefield over Wall Street pay that banks fear will send their star traders and hedge fund advisers fleeing.
Vatican Calls for Global Financial Reform: What Exactly is the Church Advocating?
In a lengthy statement, the Vatican's Pontifical Council for Justice and Peace called for far-reaching reforms of the global economy to create a system that serves the common good of all nations and economic classes.
Vatican Calls for Economic Equality, Urges Wall Street to Examine Impact on Humanity
A letter released from the Vatican on Monday calls for sweeping reforms to the global economy for the return of a system in favor of ethical behavior and achievement of a universal common good for both rich and poor countries.
Canada's Carney ready for FSB regulator limelight
As a young hockey player with dreams of making it big, Mark Carney liked to get revved up before a big game by listening to AC/DC's Hell's Bells.
Debit Card Fees: Sen. Durbin Calls Out Wells Fargo on New Consumer Charges
U.S. Sen. Dick Durbin, D-Ill, the No. 2 Democrat in the Senate, said banks' reasoning for imposing consumer debit card fees was "disingenuous."
New CFTC Trading Limit: Will It Curb 'Speculation'?
The United States pushed through its toughest measures yet to curtail speculation in commodity markets in a tight vote on Tuesday, likely shifting the focus of a fierce four-year debate from the regulators to the courts.
Las Vegas Debate: Republicans Avoid Housing Policy in Hard-Hit Nevada
Nevada has the highest foreclosure rate in the country, but the Republican presidential contenders provided few concrete solutions to the crisis while debating in Las Vegas.
Agency Narrowly Votes to Curb Derivatives Trades; Precious Metals Affected
The United States pushed through its toughest measures yet to curtail speculation in commodity markets in a tight vote on Tuesday, likely shifting the focus of a fierce four-year debate from the regulators to the courts.
Debit Card Fees Draw Antitrust Concerns From House Democrats
U.S. Rep. Peter Welch, D-Vt., wants Attorney General Eric Holder to probe banks and trade groups for potentially illegal collusion over new consumer debit card fees.
Obama 2012: Can He Win Without Wall Street?
As he seeks to build momentum for what will likely be an arduous re-election campaign in 2012, President Barack Obama is signaling that he'll try to tap into rising populist voter sentiment by distancing himself from Wall Street.
Obama Chides Banks, Taps Anger Over Wall Street
President Barack Obama launched an onslaught against banks and Republicans this for working to block financial reform, using a populist tone amid public anger over Wall Street practices.
Geithner Warns Republicans on Blocking Consumer Watchdog
U.S. Treasury Secretary Tim Geithner warned Republicans about delaying the confirmation of a director to lead the Consumer Financial Protection Bureau.
Obama chides banks, taps anger over Wall St
President Barack Obama launched a broad onslaught against banks on Thursday, tapping into public anger over rising fees to garner populist support ahead of his 2012 re-election campaign.
Bank of America Debit Card Fee Inspires Anti-bank Rhetoric
When Bank of America announced last week that it would begin charging a $5 monthly fee to customers using their debit cards at retail locations, it understandably caused a fair amount of complaining from consumers, a fact that was noted across the board by various media sources Friday. But it also inspired a wave of anger against banks in general.
Stock Trader: ‘I Go to Bed Every Night and Dream of Another Recession’ [VIDEO]
Stock trader Alessio Rastani told the BBC, Governments don't rule the world. Goldman Sachs rules the world.
Obama's Mortgage Settlement Push Faces Resistance from Attorneys General
President Barack Obama is facing mounting resistance to a settlement from liberal supporters and a growing number of state attorneys general who say a deal would exonerate banks for their role in the subprime mortgage crisis.
Obama to Present a Jobs Plan Focused on Spending, Urged GOP to Put America First [FULL TEXT OF SPEECH]
With more than a million unemployed construction workers across the nation, President Barack Obama on Monday said he intends to spend to rebuild America's infrastructure and boost hiring, which will be key components of a plan he is working on to stimulate the U.S. economy.
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