Regulation

Michael Krimminger had served as a top deputy to Sheila Bair during the Financial Crisis.

WASHINGTON – Dissatisfaction is growing in Congress with the Obama administration's decision to leave mortgage investors out of talks that led to a $25 billion settlement.

A big trading loss at Chase has some community bank CEOs discussing a second tier of regulation for small banks. Other CEOs believe the snafu is yet another black eye for the banking industry. And some point out that the loss is fairly insignificant to the New York company.

The Massachusetts Democrat argued following the $2 billion loss at JPMorgan Chase that it's time to bring back the division between commercial banking and investment banking.

Both sides of a bank deal need to meet with their regulators well ahead of announcing it in today's complicated world.

The presumptive Republican nominee has given almost no details about his plan to replace the Dodd-Frank Act.

White House Press Secretary Jay Carney told reporters Monday that the $2 billion loss "reinforces" the need for the 2010 reform law.

ORLANDO–If the annual Card Forum and Expo staged here last week were a car on a family trip, attendees played the roles of restless kids in the backseat asking, “Are we there yet?”

That $2 billion trading loss is just last week's headline. Is Chase so big and complicated that no CEO could apply, teach and enforce decency and the smell test?

Shareholders, creditors, counterparties and regulators deserve to know more about the causes of that $2 billion trading loss.