Regulation

The Fed's foreign bank regulation proposal may make sense, but it appears to signal that global standards are giving way to an every-country-for-itself approach.

A neighborhood association wants regulators to stop the company and CEO John Kanas from expanding in New York.

Giving regulators more levers to pull and buttons to push with respect to the financial system only creates a false sense of security. The new regulatory powers come with few meaningful accountability checks.

President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said.

Julie Williams, the former chief counsel at the Office of the Comptroller of the Currency, will be reunited with former Comptroller Eugene Ludwig.

William B. Harrison Jr., who helped create JPMorgan Chase, on Tuesday offered a resounding defense of megabanks and the good he said they do for customers and investors.

JPMorgan Chase (JPM) Chief Executive Jamie Dimon has left the board of the Federal Reserve Bank of New York, more than six months after lawmakers called for his resignation because of JPMorgan's multibillion-dollar trading scandal.

While regulators have given U.S. banks extra time to comply with a contentious 'push-out' rule, many foreign banks are unintentionally ineligible for the relief, leaving questions about whether Congress or regulators will act to help them.

Timothy Ryan is stepping down as president and chief executive of the Securities Industry and Financial Markets Association next month, with former Rep. Kenneth Bentsen expected to take over.

The latest insurance company to leave banking behind is Shelter Insurance of Columbia, Mo., and the insurer blames the Dodd-Frank reform law.