Tag: Finance

The Office of the Comptroller of the Currency informed Congress and the administration Friday that a former employee had lost two thumb drives worth of files, a possible exposure of agency information that it said rose to the level of a "major information security incident." (iStock Photo)

Bank regulator loses two thumb drives of agency files

Joseph Lawler · October 28, 2016 8:24 pm

Among the Democrats signing the letter was Elizabeth Warren, the Wall Street critic who has called for former Wells Fargo CEO John Stumpf to return all his compensation and face criminal prosecution. (AP Photo/Susan Walsh, File)

Dems demand tougher clawback rules after Wells Fargo scandal

Joseph Lawler · October 26, 2016 9:55 pm

Two Floridians raised large amounts from banks and other financial firms: Jeb Bush received nearly $64 million for his presidential run and Marco Rubio totaled $37 million. (AP Photo)

Finance industry has given almost $800 million to candidates

Joseph Lawler · October 25, 2016 5:19 pm

Unfortunately, it seems unlikely card brands will rise to the occasion and do the right thing by arming consumers with better payment technologies like chip and PIN. (AP Photo/David Goldman, File)

Credit card fraud still threatens Americans

Mark Horwedel · October 25, 2016 4:01 am

"The controls we put in place around trading practices in many cases should apply to U.S. Treasury securities as well as equities, especially where those practices can threaten to destabilize markets or hurt investors," Mary Jo White said. (AP Photo)

SEC head calls for more regulation of markets for Treasury securities

Joseph Lawler · October 24, 2016 9:45 pm

Erroneous triple-A ratings for securities backed by bad mortgages was a key cause of the financial crisis.

Moody’s faces Justice Department charges over housing bubble-era ratings

Joseph Lawler · October 21, 2016 6:49 pm

Allowing bailed-out mortgage giants Fannie Mae and Freddie Mac to keep some profits and build capital would reduce the risk of a bailout but cost taxpayers, a government budget agency concluded Thursday. (AP Photo)

Budget office: Letting Fannie, Freddie raise capital would reduce bailout risk

Joseph Lawler · October 20, 2016 8:58 pm

Elizabeth Warren said former Wells Fargo CEO John Stumpf's retirement was "appropriate," but that they would have problems if Stumpf received a large compensation package or if his successor was connected to the creation of millions of unwanted accounts for customers. (AP Photo/Susan Walsh)

Elizabeth Warren isn’t done with Wells Fargo

Joseph Lawler · October 20, 2016 3:15 pm

California's attorney general has opened a criminal investigation into potential criminal wrongdoing by Wells Fargo for its fake accounts scandal, according to multiple reports Wednesday evening. (AP Photo/Lynne Sladky, File)

California investigating Wells Fargo for criminal wrongdoing

Anna Giaritelli · October 19, 2016 10:59 pm

British bank NatWest has frozen accounts for the state-backed Russian broadcast service Russia Today, the network announced Monday. (AP Photo/Sang Tan)

National Security

British bank freezes accounts for Russia Today

Rudy Takala · October 17, 2016 6:56 pm

Wells Fargo CEO John Stumpf has been criticized for the unwanted customer accounts employees made to meet sales goals. (AP Photo/Cliff Owen)

Wells Fargo CEO to retire amid fake accounts scandal

Joseph Lawler · October 12, 2016 9:18 pm

Clinton is "keen to find a way to keep going after [Sanders] on Wall Street (she's convinced his plan is naive and unworkable) as part of a broader indictment," wrote Clinton speechwriter Dan Schwerin. (AP Photo/Seth Wenig)

Clinton’s view of Sanders on Wall Street: ‘Naive and unworkable,’ emails show

Joseph Lawler · October 12, 2016 5:13 pm