Ian McKendry

Republican lawmakers agree with Obama that outdated regulations need to be changed, but were pessimistic that the administration would support efforts to roll back the compliance burden on banks.

Republican lawmakers agree with Obama that outdated regulations need to be changed, but were pessimistic that the administration would support efforts to roll back the compliance burden on banks.

Legislation to audit the Federal Reserve's monetary policy fell short of the 60 votes necessary to win a key procedural motion in the Senate on Tuesday.

The Federal Deposit Insurance Corp. is using outdated methodologies to define "brokered deposits," stigmatizing stable sources of funding and forcing banks to pay higher premiums, according to bankers and several outside groups.

Vows to turn credit rating agencies into nonprofits, allow the U.S. Postal Service to offer financial products, and cap interest rates banks charge consumers -- just like credit unions.

In a speech in New York City, Sanders vowed to remove the ability of the Federal Reserve to pay interest to banks for their excess reserves, turn the credit rating agencies into nonprofits, allow the U.S. Postal Service to offer bank products, and cap ATM fees and interest rates for loans.

A new digital currency backed by gold is billing itself as a more compliant, liquid and ultimately reliable store of value than decentralized systems such as bitcoin.

Regulators and institutions appear far apart when it comes to so-called "de-risking," in which banks drop businesses for fear of enhanced regulatory scrutiny, even while policymakers are stepping up their scrutiny of terrorist financing prevention in the wake of recent attacks.

The Treasury Department took a step forward Wednesday toward finalizing a highly anticipated customer due diligence rule that is expected to cost financial institutions and their customers between $700 million and $1.5 billion over the next 10 years.

WASHINGTON — Third quarter bank trading revenue fell 5% from last year to $5.3 billion as equity trading underperformed, according to a report issued Monday by the Office of the Comptroller of the Currency.