Regulation

Ultimately he would like to end the Fed, but the Texas Republican is making an impact within the GOP on the more short-term goals of curbing inflation and increasing transparency at the central bank.

New guidelines say directors and officers could face investigation from the agency if they copy or remove bank records before a seizure.

Union Bank's deal to buy Pacific Capital is making the U.S. Treasury's decision to a quick write-down on its investment in the target on look like a shrewd choice.

As Chris Larsen steps aside as Prosper's CEO, the company — and the rest of the peer-to-peer lending industry Larsen helped create — has the opportunity to change its course and possibly even merge with one of the very banks it originally sought to displace.

Crybaby bankers, when not engaged in weeping over new rules, focus on attacking "shadow banking," whether in the form of payday lending or money funds.

SHANGHAI (Dow Jones) - Citigroup Inc. said Monday it has sold its entire 2.71% equity stake in Shanghai Pudong Development Bank, which will result in an after-tax gain of approximately $349 million.

In her column, "It's Time for Money Funds to Fess Up About Fluctuating Values," Barbara Rehm seems too intent on promoting regulations "that could make money funds miserable," regardless of their impact on investors, the financial system, and the economy.

During an appearance to business journalists, Cordray defended his agency's powers.

Clifford Rosenthal has been hired to head the Consumer Financial Protection Bureau's Office of Financial Empowerment.

The Twitterverse welcomed the Federal Reserve Board as a member last week and the Fed amassed more than 15,300 followers in a matter of days.