Policy & Regulation

As consumer panel questions Obama administration's choices for FDIC, Fed and other agencies, Sen. Richard Shelby says nominees will be chosen "on their merits."

Trading revenues at commercial banks fell sharply in the fourth quarter as concerns about sovereign debt and economic uncertainty in Europe kept many banks and their clients on the sidelines.

If former FDIC Chairman Sheila Bair was still a banking regulator, there might have been a lot more banks "failing" the stress tests.

New proposal would adjust definitions in the agency's premiums formula that banks had said was too burdensome. An FDIC board member said the plan may still be too complicated.

The current U.S. tax code represents decades of political manipulation rather than any grand design, and can certainly be improved upon, but only a tax neutral pro-growth tax reform can prevent the deficit from spiraling out of control. Hence tax reform should favor saving over consumption and productive work over leisure, but otherwise be neutral, allowing capital and labor to flow to their most productive use.

Wells Fargo is already contacting borrowers who might be eligible for a principal reduction as required under the $25 billion robo-signing settlement with state and federal law enforcement agencies.

The Federal Deposit Insurance Corp. proposed Tuesday changing the formula it uses to calculate quarterly assessment fees on banks, responding to complaints from banks that a rule put in place last year was unworkable.

Mortgage bondholders are crying foul — and lining up their lawyers — over losses they would incur if servicers write down investors' holdings.

Forget the four-letter dirty words. It’s the 10-letter one – regulation – that will really offend bankers.

Florida authorities have uncovered an international crime ring involving dummy corporations and fraudulent loans.