Policy & Regulation

Every now and then some doomsday cultist predicts the end of the world, but it doesn't occur. No big news.

The GOP presidential candidate is calling on banks to grant more loan modifications, and blaming the federal government for preventing them from happening.

A two-year-old consent order between the banking unit of Macatawa Bank Corp. and regulators has been terminated after the Holland, Mich., company raised additional capital and reversed a string of money-losing quarters.

United Western Bancorp Inc. in Denver has filed for chapter 11 bankruptcy in a move that would allow the company more time to pursue its lawsuit against federal regulators for seizing its thrift in January 2011.

The reviews, mandated by regulators, could turn up errors made by the mortgage servicers' auditors. What if the firm doing a foreclosure review previously audited the same client?

At a hearing last week, Rep. Ron Paul asked Fed Chairman Ben Bernanke whether he did his own grocery shopping — and then brought a prop with him to suggest why silver should be part of our monetary system.

WASHINGTON — The failure of Global Commerce Bank in Doraville, Ga., late Friday was estimated to cost the Federal Deposit Insurance Corp. nearly $18 million.

Ballard Spahr has picked up former Bank of America counsel Stanley Mabbitt for its consumer financial services and mortgage banking groups.

Despite his harsh rhetoric directed at the financial industry, President Obama still raked in millions last week at four separate fundraising events for his supporters on Wall Street.

In last week's New Yorker, humorist Calvin Trillin turned his satirical gaze on Newt Gingrich and the GOP presidential candidate's claim that Freddie Mac hired him as a historian, and not as a lobbyist or influence peddler.