Government
Dodd-Frank: Example of How Congress Can Overcome Gridlock
Congress is leaving town, a cause for celebration across the land. Except that the lawmakers are going away only for the Independence Day recess; they'll be back. The branch of government endowed by ...New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions
New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...Corzine Faces Trading Ban as CFTC Sues in MF Global Failure
A U.S. regulator's lawsuit against Jon Corzine could make him the first former leader of Goldman Sachs Group Inc. to be banned from trading, the industry he returned to after serving as a New Jersey ...
Dodd-Frank Failed to Dispel Too-Big-to-Fail, Say 2 Fed Presidents
Two Federal Reserve district bank presidents said the 2010 Dodd-Frank Act hasn't eliminated creditor expectations for federal bailouts of financial firms, perpetuating the idea that large banks are ...
BofA Rebuffs AIG Mediation Bid on $8.5 Billion Mortgage Deal
Bank of America Corp. said it won't renegotiate its $8.5 billion mortgage-bond settlement with investors after American International Group Inc., which opposes the deal, sought mediation. Bank of ...
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...
Europe Strikes Deal To Push Cost Of Bank Failure On Investors
The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that ...