Politics

The burgeoning industry has been hoping the Supreme Court would overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.

Large banks are not buying preferential treatment by contributing to her campaign, Hillary Clinton insisted again on Thursday, attempting to rebut charges leveled at her by Sen. Bernie Sanders.

Sen. Bernie Sanders' victory in New Hampshire will undoubtedly boost his campaign, but his plan to cap interest rates for credit card and other consumer loans at 15% won't help anyone in the short term and could potentially wreak havoc on low-income people in the long term. Here's how.

The senator from Vermont and avowed "Democratic socialist" is unlikely to prevail in his campaign against Hillary Clinton, but he has unexpectedly generated excitement among young voters and may be forcing Clinton to the left on certain issues.

Democratic front-runner Hillary Clinton is increasingly on the defensive when asked why so many banks and hedge funds on Wall Street have given her money, insisting it doesn't influence her tough reformist views. But it raises the question what institutions hope to gain with all their money.

In a presidential race dominated by populists and even an aging socialist, the establishment candidates that bankers prefer — Hillary Clinton and Marco Rubio — had a good night in Iowa on Monday. But the race is far from over, and the Iowa results showed some ominous signs as well.

Presidential candidates are known for getting a few facts wrong on the campaign trail. When it comes to offering commentary on banking, this election cycle has seen a fair share of whoppers. Following are a collection of incorrect things asserted by candidates during the 2016 race.

In an exclusive survey of bankers nationwide, American Banker found that regulatory relief and ensuring fintech companies faced banklike rules were the two top priorities for the industry this year — while taxing credit unions and restructuring the CFPB took a back seat.

Ben Carson, a former neurosurgeon, soared to near the top of the pack of Republican presidential candidates in polling, only to find his star falling rapidly after several questionable comments that sowed doubts about his foreign policy expertise. With the GOP nomination fight still in flux, it's unclear if Carson can recover.

Former Florida Gov. Jeb Bush has had a rough campaign. He started out in the summer of 2015 as the heavy favorite, swelled with contribution cash from financial institutions and many others, but he's quickly been overtaken by anti-establishment candidates.

Carly Fiorina, former chief executive of Hewlett-Packard, was broadly critical of the Dodd-Frank Act and regulation in general, two positions that heartened bankers. But she failed to gain traction in the Iowa or New Hampshire primaries, and subsequently dropped out of the race. Here's where she stood on key issues.

New Jersey Gov. Chris Christie has garnered a reputation as a straight-talking, moderate Republican. Though he performed well in the primary debates, he finished poorly in the Iowa and New Hampshire primaries. As a result, Christie has dropped out of the race. Here's where he stood on key issues.

Former New York senator and Secretary of State Hillary Clinton is well known to most players in the political world. Though she has billed herself as a progressive Democrat, many banks and other businesses see her as an acceptable alternative to GOP presidential candidate Donald Trump, who many on Wall Street view as unpredictable. Following are her views on a range of subjects.

John Kasich, the governor of Ohio and former chairman of the House Budget Committee, is the only presidential candidate with banking experience. He served as a managing director at the now-defunct Lehman Brothers from 2001 until its collapse in 2008. Perhaps as a result, his positions on financial issues are more nuanced than many of his competitors'.

Sen. Marco Rubio of Florida is a business-friendly Republican who some view as the most viable potential threat in a general election against the Democratic front-runner Hillary Clinton.

Sen. Ted Cruz of Texas, elected in 2012, has quickly made himself a household name as a staunch Tea Party conservative. He’s currently No. 2 in several national and state primary polls behind Donald Trump.

Though he is the official GOP nominee, the New York real estate mogul Donald Trump has eschewed providing details on many issues, instead broad outlines of a plan. However, the outspoken reality TV star has provided some clues on his banking policies.