The package of rules will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules.
By Martin Crutsinger, Associated Press
The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee Wednesday, some dealing with current risks to the financial system and other focused on more politically charged topics.
By Ken Sweet, Associated Press
Ten years ago this week, the collapse of Lehman Brothers became the signal event of the 2008 financial crisis. Its effects and the recession that followed, on income, wealth, disparity and politics are still with us. Economics correspondent Paul Solman…
By Paul Solman
Economic contrarian Nassim Taleb warned of a coming financial crisis more than a decade ago. Now he believes there’s a big con going on, and that the Federal Reserve’s response to the 2008 crash is part of it. Economics correspondent…
By Paul Solman
To Taleb, the "no-skin-in-the-game class" is made up of decision-makers who "can drag you into policies that cosmetically feel good, but eventually, somebody pays a price and it's not them. "…
Trump notched the win on banking rules as reaction swirled over his abrupt diplomatic turn earlier Thursday in canceling next month's summit with North Korean leader Kim Jong Un.
By Associated Press
Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis.
By Catherine Cortez Masto, Vanita Gupta
Now is not the time for Congress to make it harder for state attorneys general to fill the void in consumer protection and civil rights enforcement that President Trump is creating.
Only one bank was indicted in the aftermath of the 2008 financial crisis, and it was a very small one. The Oscar-nominated documentary "Abacus: Small Enough to Jail" tells the story of its prosecution for mortgage fraud and its ultimate…
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