Politics Jan 04 Trump names Wall Street lawyer Clayton as SEC chairman President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission.
Politics Nov 17 Could Trump weaken financial regulation in Dodd-Frank law? Now, as his transition team asserts itself, an all-out repeal of the 2010 Dodd-Frank law — Trump called it a "disaster" and a "disgrace" — seems unlikely. But experts foresee a gradual but potentially significant chipping away of key parts…
Economy Sep 29 Wells Fargo CEO faces lawmakers, apologizes again Wells Fargo's CEO, newly stripped of tens of millions in compensation, will face lawmakers with more defenses than he had in the last round.
Politics Sep 20 Where do the presidential candidates stand on Wall Street regulation? The 2008 financial crisis touched off the worst recession since the 1930s Great Depression. Reckless trading and aggressive practices on Wall Street in the prior boom years were pinned with much of the blame.
Politics Jan 13 House GOP majority aims to soften financial overhaul law WASHINGTON — The newly bulked-up Republican majority in the House is aiming to soften the bite of legislation that grew out of the 2008 financial crisis and put banks and Wall Street under the most sweeping rules since the Great…
Economy Aug 21 Bank of America to pay nearly $17 billion in settlement with Justice Department WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
Politics May 20 DOJ: Credit Suisse guilty plea a warning to foreign banks that aid in U.S. tax evasion WASHINGTON — Credit Suisse AG's guilty plea and $2.6 billion payment in a high-profile case brought by the Justice Department are being held out as a warning to foreign banks believed to be helping U.S. taxpayers conceal assets.
Nation May 19 Swiss bank Credit Suisse charged with conspiring to help tax evaders WASHINGTON — The Justice Department on Monday charged Credit Suisse AG with helping wealthy Americans avoid paying taxes through offshore accounts, and a person familiar with the matter said the European bank has agreed to pay about $2.6 billion in…