Policy & Regulation

Political and public outcry against "too big fail" has certainly grown in the last few months. Do large financial institutions need to fear a breakup?

A bipartisan group of four Senate Banking Committee members, including Elizabeth Warren and Bob Corker, have introduced legislation designed to spur reform of the government-sponsored enterprises.

The Federal Reserve Board has terminated a written agreement with Mountain West Financial (MTWF) in Helena, Mont.

The economy is well served by banks of all sizes, and the forced breakup of the biggest institutions would be misguided, says Zions Bancorp. Chief Executive Harris Simmons.

Comptroller of the Currency Thomas Curry acknowledged Thursday that his office needs to better cater to community banks, including improving their communication with local examiners.

The anger against the country's biggest banks is ready to boil over, Harris Simmons, the chairman and chief executive of Zions Bancorp., warned Wednesday.

Megabanks may be able to fight off regulatory forces demanding their corporate downsizing, but a voluntary breakup may be the only way to sway public opinion their way.

Elizabeth Warren, the consumer advocate turned senator, reiterated her call on lawmakers to vote on Consumer Financial Protection Bureau Director Richard Cordray.

Canada is well ahead of the U.S. in its adoption of the EMV chip-card standard. That places BMO's Kevin Tait in a bit of a time warp, since a large part of BMO's corporate payments operations are in the U.S.

The Federal Trade Commission is recommending mobile phone carriers let consumers block the ability to charge payments directly to their phone bills and take other measures to provide more transparency in mobile carrier bill transactions.