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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.
January 5 -
The Financial Stability Oversight Council will face critical tests in 2016, including a lawsuit over its designation of MetLife as a systemically important nonbank and whether it will de-designate GE as a SIFI.
January 5 -
Lawmakers are expected to debate a number of key banking provisions this year, even with the November elections on the horizon.
December 31 -
Some lost their jobs while others made major missteps or faced serious challenges to their business plans. Here are the folks who had a rough 2015 and are looking forward to better times in 2016.
December 29 -
Sen. Richard Shelby, R-Ala., has a limited window to move his regulatory reform legislation next year, after failing to secure passage for the bill as part of the budget fight.
December 24 -
For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.
December 20 -
WASHINGTON The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.
December 18 -
Despite months of intense lobbying, the banking industry failed to secure a number of key reforms in Congress's must-pass spending package, unveiled Tuesday night.
December 16 -
The central bank's "total loss absorbing capacity" proposal must be reworked to ensure that costs of huge failures don't fall on society at large.
December 16 - Minnesota
Over the past three decades William Cooper has led TCF Financial through two crises and reinvented the bank to keep it profitable. He also sued the Federal Reserve in the aftermath of the financial crisis, for imposing a cap on debit card fees. For his strong leadership in the industry as well as his candid, off-the-cuff style American Banker has named him its lifetime achievement honoree.
December 14