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Jesse Hamilton

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THE OFFICE OF THE COMPTROLLER OF THE CURRENCY and Federal Deposit Insurance Corp. have approved a move to ease the Volcker Rule’s controversial ban on banks making speculative investments. Wall Street has largely sought a roll back of the rules.. / BLOOMBERG NEWS

Volcker rule trading revamp approved in win for Wall Street

WASHINGTON – Wall Street watchdogs handpicked by President Donald Trump eased the Volcker Rule’s controversial ban on banks making speculative investments, wrapping up a...
ALL 18 BANKS REQUIRED TO PARTICIPATE in the first round stress test exam demonstrated an ability to withstand a hypothetical financial shock. / COURTESY FEDERAL RESERVE

Goldman, Morgan Stanley do better in Fed stress tests after 2018’s...

NEW YORK – Goldman Sachs Group Inc. and Morgan Stanley improved on last year’s poor results in the first round of the latest Federal...
THE FEDERAL RESERVE warned that investors are at an increased risk due to high corporate debt and historically high borrowing levels in its first ever report on financial stability. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Risky corporate debt flagged in Fed’s financial stability report

NEW YORK - The United States economy is showing some vulnerabilities as investors take increasing risks with corporate debt and businesses rely on “historically...
THE FEDERAL RESERVE'S bank stress test assumed tougher economic conditions than 2017 for its "severely adverse scenario." / BLOOMBERG

Goldman, Morgan Stanley say test scores may not curb payouts

NEW YORK - Goldman Sachs Group Inc. and Morgan Stanley are imploring investors not to get spooked.The investment banks had the two lowest capital...
JAY POWELL, GOVERNOR of the U.S. Federal Reserve. / BLOOMBERG FILE PHOTO/T.J. KIRKPATRICK

Key U.S. bank regulators say they’re ready to soften rules

NEW YORK - Top U.S. banking regulators are sprinting to ease the Volcker Rule, stress tests and other constraints on Wall Street after the...
U.S. TREASURY SECRETARY Steven Mnuchin said neither he, nor the treasury, are not in favor of breaking up major U.S. banks as part of economic policy. Above: An aerial view of Lower Manhattan on Friday, June 19, 2015. BLOOMBERG / CRAIG WARGA

Breaking up big banks would be `huge mistake,’ Mnuchin says

NEW YORK - Treasury Secretary Steven Mnuchin said breaking up the biggest banks would be a “huge mistake,” easing concerns that the Trump administration plans...
THE CONSUMER FINANCIAL PROTECTION BUREAU has sued the largest servicer of student loans, Navient Corp., for what the regulator says was behavior that "systematically" cheated borrowers.

Navient ‘systematically’ cheated borrowers, CFPB alleges

WASHINGTON - Navient Corp., the largest servicer of student loans in the United States, was sued by a U.S. regulator over allegations that the...

Victorious Donald Trump is devil Wall Street doesn’t know

WASHINGTON - Donald Trump, the financial sector hardly knows ye.During the campaign, a group of bankers from around the country -- plane tickets in...

Wall Street banks to face on-site reviews of sales practices

WASHINGTON - To ensure Wells Fargo & Co.’s scandal over unauthorized customer accounts isn’t being repeated at other lenders, regulators are poised to start...

Brexit raises stakes for foreign banks on Fed’s stress tests

WASHINGTON - Bankers have a new year to fear: 2018.That’s when the U.K. could complete its retreat from the European Union, potentially revealing...
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