Policy & Regulation

In 2008 the Democratic nominee raised far more money from Wall Street than John McCain. But for 2012, the financial industry is favoring Mitt Romney over the incumbent president.

Community bankers say they'll continue offering free checking for the foreseeable future, even if they're not entirely happy about it. If they followed the big banks by adding fees or changing terms, "we'd lose the accounts," says one local banker.

Krueger, who would succeed Austan Goolsbee on the Council of Economic Advisers, had stints in both the Treasury and Labor departments

Remember that fuss about the dire danger of having an unknowable but evidently substantial number of banks that are Too Big to Fail? The message was: "Stop that!"

The Federal Reserve Board said Friday it will hold three public hearings on Capital One Financial Corp.'s proposed $9 billion purchase of online bank ING Direct USA.

The $3.4 billion-asset company announced last week that it paid $600,000 for a ham — the grand champion ham at the 48th Kentucky Country Ham Auction, an annual charity event.

The Washington Monument and the National Cathedral got most of the press coverage, but the Capitol Hill beehive for financial industry insiders also sustained a bit of damage in Tuesday's earthquake.

The banking and credit union trade associations in Washington are not known to see eye to eye very often. But they do sometimes swap staff.

An internal battle among the state attorneys general over foreclosure problems has raised doubts about their ability to negotiate a successful settlement with banks.

With the Eastern Seaboard bracing Friday for the arrival of Hurricane Irene, the FDIC told banks to look in the not-too-distant past for how to deal with damaging storms.