Trump administration

CEO Jes Staley is investigated by British authorities for trying to unmask a bank whistleblower and will take a pay hit; ISS is second consultant to call for voting against Wells directors.

White House economic chief makes nice with Elizabeth Warren over resurrecting bank separation law; Renaud Laplanche launches a new company to compete with his old one.

Observers are divided over whether National Economic Council Director Gary Cohn's support for a modernized Glass-Steagall Act is purely opportunistic or sincere.

In a private meeting with lawmakers, White House economic adviser Gary Cohn reportedly said he supports a policy that could radically reshape Wall Street's biggest firms by separating their consumer-lending businesses from their investment banks.

Comptroller of the Currency Thomas Curry on Wednesday expressed support for community development financial institutions, even as the Trump administration is seeking to cut all government funding for them.

Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.

Bankers are watching Congress for a handful of tax reform provisions that could have a big impact on their business.

Critics have panned the president’s “skinny budget” for cutting social service programs while boosting defense spending, but some analysts say there could be real opportunities for CUs if the budget makes its way through Congress without significant changes.

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.

Suspending Fannie Mae and Freddie Mac's regular dividend payments to the Treasury, thus enabling the companies to replenish their reserve capital, would put their future on better footing.