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Pete Schroeder

Banks urge U.S. regulators to reconsider 'Volcker Rule' tweaks

18 Oct 2018

WASHINGTON Banks on Thursday pushed back on how regulators are attempting to simplify rules prohibiting banks from trading on their own account, a development that is likely to delay efforts to wrap up the overhaul in the coming months.

Senator Warren urges Fed to require removal of Wells Fargo CEO

18 Oct 2018

WASHINGTON/NEW YORK U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

Despite Trump criticism, Fed sees need for more rate hikes

17 Oct 2018

Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite U.S. President Donald Trump's view that interest rate hikes have already gone too far.

UPDATE 1-Every Fed policymaker was on board for Sept rate hike -minutes

17 Oct 2018

WASHINGTON, Oct 17 Every Federal Reserve policymaker backed raising interest rates last month in a meeting where they also generally agreed borrowing costs were set to rise further, according to minutes from the meeting released on Wednesday.

U.S. frees Prudential Financial from more rigorous Fed oversight

17 Oct 2018

WASHINGTON A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.

U.S. seen likely to relieve Prudential of 'systemic' oversight

16 Oct 2018

WASHINGTON A panel of U.S. regulators is seen as likely to relieve Prudential Financial Inc from stricter oversight when it meets on Tuesday, in a move that could reduce the insurance company's regulatory costs.

SEC in no rush to change quarterly reporting: chairman

11 Oct 2018

WASHINGTON The head of the U.S. Securities and Exchange Commission said on Thursday the agency was in no rush to change quarterly reporting requirements for large public companies, two months after President Donald Trump ordered his agency to study the matter.

Wells Fargo touts good deeds to get back in lawmakers' good graces

11 Oct 2018

WASHINGTON Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in their districts.

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