Policy & Regulation

Bank of America Corp.'s dismissal Tuesday night of top wealth management executive Sallie Krawcheck may point to a deeper commitment to the Merrill Lynch business.

The Treasury Department said this week it will distribute $4.3 billion from the Small Business Lending Fund, about a third of the funds that banks were seeking from the program and only 14% of the total available.

WASHINGTON — Loan quality improved slightly over the past six weeks while demand was stable to weak, according to a report issued Wednesday by the Federal Reserve Board.

In his new economic plan, the Republican presidential candidate offers his most detailed comments to date on last year's financial reform law. He also says that he'd amend the Sarbanes-Oxley in an effort to help mid-sized businesses.

President Obama should acknowledge that something is seriously wrong with the government's response to the financial crisis of 2008 and chart a new course. The wisdom in comic strip legend Pogo's famous remark comes to mind, "We have met the enemy and he is us."

The Consumer Financial Protection Bureau said Wednesday it is seeking public input on products and services aimed at members of the military and their families.

Financial services issues are not the priority on Capitol Hill, but several high profile issues are likely to impact banks.

WASHINGTON–In a long-awaited showdown over the future of the Consumer Financial Protection Bureau on Sept. 6, Republicans and Democrats sparred over whether the Senate should proceed with the nomination of the bureau’s first director.

Associated Banc-Corp in Green Bay, Wis., plans to raise more than $200 million in fresh capital and will use the proceeds to repay the balance of its debt to the Treasury Department's Troubled Asset Relief Program.

The Federal Housing Finance Agency aggressively pushed back Tuesday against claims that Fannie Mae and Freddie Mac were sophisticated investors that should have done a better job of vetting their purchases of mortgage-backed securities.