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President-elect Donald Trump on Wednesday tapped billionaire investor Carl Icahn to be a special adviser on regulatory reform.
December 21 -
Democrats are shuffling the deck chairs of the Senate Banking Committee and will have an additional seat on the panel when the 115th Congress convenes in January.
December 21 -
As the Federal Reserve raises interest rates, the central banks payment of interest on excess reserves is getting renewed scrutiny. Banks are worried those payments a critical monetary policy tool -- may get hijacked in the next Congress, and want to stop it before it starts .
December 21 -
Republicans say they will roll back regulators' ability to oversee nonbanks once they take full control of the government in January. But what does that mean for agencies' oversight into the eight financial market utilities that operate a key part of the financial system?
December 19 -
Although Steven Mnuchin has close ties to Wall Street and was involved in some contentious deals, Democrats face an uphill battle making the case that those connections disqualify him to serve as Treasury secretary.
December 16 -
With the completion of the final total loss absorbing capacity and bank regulators' decision this week to approve the living wills of all but one of the large banks, industry representatives are claiming victory in the battle to prevent future government bailouts. But some critics aren't so certain.
December 15 -
The question of how and why Wells Fargo failed its living will test is an issue the bank needs to address soon as it faces another deadline to fix problems identified by regulators.
December 15 -
The Federal Reserve released the final version of its total loss absorbing capacity rule one of the final elements of the post-crisis regulatory framework meant to provide a means of recapitalizing a failed megabank.
December 15 -
Federal Reserve Chair Janet Yellen said she is advising the incoming Trump administration not to roll back the improvements in bank safety and soundness enshrined in Dodd-Frank, but acknowledged that recent scandals certainly suggest there is room for improvement when it comes to bank culture.
December 14 -
The industry finally sees a bit of an opening in its effort to roll back the 2010 law that capped fees on debit card transactions. But opposition from the retail sector will be fierce.
December 14