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The Justice Department is refusing to say whether it plans to divert any funds in any future settlements its is pursuing or if it instead plans formally prohibit the practice.
Economy

Obama’s ‘slush fund’ settlements may survive under Trump

Sean Higgins -
0
In September, the House Financial Services Committee (HFSC) approved legislation that would repeal a Dodd-Frank provision called the Durbin Amendment that set limits on the fees some banks charge retailers to swipe debit cards. (AP Photo/File)
Economy

Sorry, merchants, price controls aren’t free market

Molly Wilkinson -
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President-elect Trump is placing lobbyists and Wall Street insiders on his transition team and executive branch. (AP Photo/Richard Drew)
Columnists

Trump surrounds himself with ‘swamp’ creatures

Timothy P. Carney -
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President Obama would veto a Republican bill aimed at blocking Democratic-backed groups from receiving the proceeds of Department of Justice settlements, according to the Office of Management and Budget. (AP Photo/Susan Walsh)
News

OMB: Obama would veto GOP’s anti-slush fund bill

Anna Giaritelli -
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The settlement has been a good deal for Bank of America, which is obligated to donate only $100 million to the outside nonprofit groups: $20 million to housing groups, $30 million to legal aid groups and $50 million to public or private community development funds. (AP Photo/Chuck Burton, File)
News

Justice Dept. approved diverting funds in Bank of America settlement

Sean Higgins -
0
The stakes are high for the stress tests. Banks spend massive resources preparing for them, and in the past it has been thought that the jobs of bank leaders were on the line in the tests. (AP Photo)
Economy

U.S. banks pass stress tests, Deutsche Bank and Santander flagged by regulators

Joseph Lawler -
0
Bank of America gets 2-for-1 deal in Justice Dept. settlement
Economy

Bank of America gets 2-for-1 deal in Justice Dept. settlement

Sean Higgins -
0
In a statement released Wednesday morning, the Federal Reserve and Federal Deposit Insurance Corporation dismissed the living wills submitted by Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street, and Wells Fargo. (AP Photos)
Economy

Feds reject bankruptcy plans from five megabanks

Joseph Lawler -
0
Big banks such as Bank of America, Goldman Sachs and Morgan Stanley would have to increase their capital levels by as much as 40 percent, on average, to be adequately capitalized. (AP Photo)
Economy

Study: Big banks don’t have enough capital cushion

Joseph Lawler -
0
Politics

NBA blasts North Carolina anti-transgender law

Joshua Axelrod -
0
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