WASHINGTON—The political battle over rewriting the rules of Wall Street will intensify Monday when Senate Banking Committee Chairman Christopher Dodd is expected to introduce legislation tougher on financial companies than was expected just a few weeks ago. Real Time Economics Dodd Interview Previews His Financial Overhaul Bill Corker: Dodd Bill Likely [...]
AP - The senator trying to rewrite the nation’s financial industry rules is dropping plans to create a stand-alone consumer financial protection agency and give a single regulator the power to oversee all banks, according to people familiar with the evolving proposal.[Read more...]
WASHINGTON — Senate Banking Committee Chairman Christopher Dodd (D., Conn.) is finalizing a bill to rework financial market rules that is expected to be tougher against banks than previously expected, people familiar with the matter said. Though details of the bill could still change before it is introduced Monday, some details emerged Saturday as aides [...]
If the Conservatives win the general election, the Financial Services Authority will be the one to carry the can for its part in the banking crisis. The Tories want a split regulatory system, with the Bank of England returning to regulate the banks and a new Consumer Protection Agency to safeguard the interest [...]
LAS VEGAS—Home builders in some of the nation’s hardest-hit housing markets are going to work directly for banks, in a little-used arrangement that is helping to ameliorate conditions in some battered local economies. The builders traditionally got loans from banks to build homes, but that credit has largely dried up. The contract work builders [...]
AP - Rescuers edged their way toward quake victims trapped in a toppled apartment block early Sunday even as looters stole food and robbed banks after one of the strongest earthquakes ever recorded struck Chile.[Read more...]
Taxpayers could be offered shares in state-owned banks at a discount if the Conservatives win the next election.[Read more...]
The stock market extended its winning streak to four days as investors returned their focus to U.S. economic policy. The Dow Jones Industrial Average briefly slipped into the red late in the session during a speech by President Obama calling for further action on banking regulation, health-care reform, and other issues. However, it [...]
WASHINGTON—Federal Reserve Chairman Ben Bernanke will begin this week to lay out a blueprint for a credit tightening, to be followed once the Fed decides the economy has recovered sufficiently. The centerpiece will be a new tool Congress gave the central bank in October 2008: an interest rate the Fed pays banks on money [...]
There is no prospect of a sharp rise in dividend payments Shareholders in UK companies saw their dividend payments cut by £10bn last year, according to a report.UK companies paid out £56.9bn to investors in 2009, 15% less than in 2008, said Capita [...]
All sides playing hardball on health care bill
(AP)
Clinton affirms US Israel support
Thai protesters give blood to pour on streets
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Sri Lanka trial for ex-army chief
EU urges faster cut of UK deficit
Dems start countdown toward health care vote
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Israel-US ties ‘at historic low’
Deadline for Thai Parliament dissolution passes
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China Talks Tough to U.S. on Currency
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Dem House vote-counter lacks health care votes now
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Vatican denies celibacy rule led to sex scandal
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Obama aide stokes US-Israel row
Clegg: Lib Dems offer real change