Opinions

Morrison & Foerster announced Wednesday that it was rehiring Leonard Chanin, a former firm attorney who most recently spent a year and a half heading up the 40 attorneys in the Consumer Financial Protection Bureau's rulemaking operation.

Citigroup CEO Vikram Pandit said supermarket banking, a strategy pursued by his firm in past decades to provide all financial products including insurance, no longer fits the times.

Glenn Hubbard, an economic advisor to Republican presidential nominee Mitt Romney, praised Federal Reserve Board Chairman Ben Bernanke on Wednesday — a break from GOP members that have been widely critical of the central banker.

The SEC rolled out its first whistle-blower award on Tuesday, a $50,000 payment to an anonymous informant who helped bring down a Ponzi scheme. So far, the government has recovered $150,000.

Bank of America has ceased selling all payment protection plans to credit card customers, killing off a business line targeted by regulators.

It's foolhardy to try to read traders' minds to determine if the inventory they are keeping exceeds the demand they expect from clients. There is a better way.

Friends of Traditional Banking, a SuperPAC created by a group of state associations last spring, has narrowed its sights to seven races — and is hoping more community banks will join it as it decides what two candidates it should support.

Royal Bank of Scotland is being probed by the Federal Reserve and Justice Department for potentially violating sanctions against Iran, two people briefed on the talks said.

The Federal Reserve did not object to a revised capital plan from Fifth Third Bancorp (FITB) that included a potential divided increase and repurchase of common stock.

The effects of a loose monetary policy were compounded by housing policy – not just the "affordable" housing goals set for Fannie and Freddie but also CRA quotas imposed on banks.