Victoria Finkle

President Obama unveiled his long awaited budget plan on Wednesday, offering a more detailed look at the financial health of the Federal Housing Administration and introducing several key banking proposals.

WASHINGTON — The Obama administration is estimating that the Federal Housing Administration will likely require almost $1 billion in additional funding from the Treasury Department to shore up its capital reserves later this year.

Sens. Bob Corker, R-Tenn., Sherrod Brown, D-Ohio, Elizabeth Warren, D-Mass., David Vitter, R-La., and Susan Collins, R-Maine, are urging regulators to end "too big to fail" and delay Basel III requirements for small institutions.

Sen. Bernie Sanders, I-Vt., and Rep. Brad Sherman, D-Calif., reintroduced legislation Tuesday to break up the largest financial institutions. The bill was light on details, however, and did not spell out how a breakup should be done.

A provision that would raise capital standards at both small and large banks could potentially hamper the legislative effort to break up the biggest institutions.

Concerns about bank size and interconnectedness have reached a fever pitch lately for a number of reasons. Here's why.

Public frustration has been mounting over the lack of high-profile criminal prosecutions in the wake of the financial crisis here in the U.S. But the same cannot be said abroad. Take Iceland, for example.

Everyone knows about the criticism faced by the largest banks in the wake of the crisis. But you may not know what Wall Street has in common with Punxsutawney Phil, the furry groundhog hailed for predictive powers.

The guessing game has already begun over the successor to Sen. Tim Johnson as chairman of the Banking Committee.

Sen. Tim Johnson, chairman of the Senate Banking Committee, is expected to announce at a press conference tomorrow that he will retire when his term ends next year.

The Senate passed budget amendments over the weekend to break up the big banks and restrict the use of certain fee hikes at Fannie Mae and Freddie Mac to reduce government spending.

The Senate is expected to pass two budget amendments Friday designed to break up the big banks and prohibit the use of certain fee hikes at Fannie Mae and Freddie Mac to reduce government spending.

Sen. Tim Johnson, chairman of the Senate Banking Committee, has said he will announce a decision about whether to run for office again by the end of the month.

A Rasmussen Reports survey has found that 50% of U.S. adults would favor a plan to break up the largest banks.

Sens. Sherrod Brown, D-Ohio, and Jerry Moran, R-Kan., introduced a bill Thursday that would exempt financial institutions from having to send annual private notices if the disclosures haven’t changed from the year before.

Reps. Maxine Waters, Carolyn Maloney and 44 other lawmakers introduced a bill Wednesday to address numerous concerns about overdraft fees.

The House Agriculture Committee passed a bill by unanimous voice vote on Wednesday to address ongoing concerns with the implementation of certain derivatives rules under the Dodd-Frank reform law.

Members of the House Financial Services Committee raised concerns Wednesday about the current business environment for small banks, pressing regulators about the lack of bank charters in recent years and the effect of new rules on the industry.

Several housing groups are urging lawmakers to stop using certain fee increases at government-sponsored enterprises Fannie Mae and Freddie Mac to offset unrelated spending.

The Senate Banking Committee continued to debate possible housing finance reform strategies at a hearing on Tuesday, including what kind of leadership is needed at FHFA.