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Large bank holding companies defy both effective management and effective regulation. The solution is to allow shareholders of each company's subsidiary to choose its management and judge its performance.
July 10
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Julian Castro, who was confirmed as the new secretary for housing and urban development, is bound to face continued industry lobbying to lower premiums paid to the Federal Housing Administration.
July 9 -
Rep. Maxine Waters, D-Calif., is warning that a key House appropriations bill risks undercutting regulators' ability to oversee the financial system.
July 9 -
WASHINGTON The Office of the Comptroller of the Currency on Wednesday issued a final rule increasing examination fees for large institutions.
July 9 -
The Maryland banker and former ICBA chair was a champion for changing how the FDIC assessed fees years before the Dodd-Frank Act altered the calculation. Other bankers recall Menzies' enthusiasm and zeal.
July 9 -
A new report from the Basel Committee says that using public funds to resolve weak banks may be considered in systemic situations. If even capital rule-writers are willing to consider more bailouts, the only way to end "too big to fail" may be to break up the megabanks.
July 9
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Citigroup may reach an agreement with federal prosecutors as early as next week to resolve a probe into sales of mortgage-backed bonds before the 2008 financial crisis, a person familiar with the negotiations said.
July 9 -
The Senate Intelligence Committee on Tuesday approved a bill that would expand information-sharing between the public and private sectors about cybersecurity threats.
July 8 -
Rep. Darrell Issa on Tuesday accused the Justice Department and FDIC of letting the anti-fraud crackdown called Operation Choke Point interfere with legitimate banking business. He also said that legal pot businesses should have access to the banking system.
July 8 -
Nearly six months into her first term as Federal Reserve Board chair, Janet Yellen has sought to put financial stability on nearly equal footing as monetary policy.
July 8





