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.
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.
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.
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.
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.
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.
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.
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.