Policy & Regulation

JPMorgan Chase won a judge's preliminary approval of a deal to pay $150 million to settle investor claims that it hid from them as much as $6.2 billion in losses caused by a trader dubbed the London Whale.

Sen. Bernie Sanders and former Gov. Martin O’Malley pledged to reinstate the Glass-Steagall Act to separate commercial and investment banking, while former Secretary of State Hillary Clinton said her reform plan was the only one to go after the nonbanks like AIG that caused the crisis.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

The Federal Deposit Insurance Corp. outlined the succession plans for several key offices on Friday, including the heads of its legislative affairs and San Francisco offices.

The former chief marketing officer of the failed Mirae Bank in Los Angeles was arrested following an eight-count indictment stemming from alleged loan fraud.

WASHINGTON – The public portions of resolution plans submitted by three systemically important nonbanks and certain midsize banks were published Friday by the Federal Deposit Insurance Corp. and Federal Reserve Board.

Drafting internal honor codes, and having employees pledge to follow them, could be a good first step to reversing negative opinions about banking.

Goldman Sachs Group Inc. said it agreed to settle a U.S. probe into its handling of mortgage-backed securities for about $5.1 billion, cutting fourth-quarter profit by about $1.5 billion and closing out a year of record legal and litigation costs.

Several Republican presidential candidates called for a rollback of regulations on Thursday, saying that over-regulation is choking off job growth and the economy.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.