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Robert Schmidt

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PRESIDENT DONALD TRUMP plans to issue an executive order Friday directing his administration to make it easier for small businesses to band together to set up retirement-savings plans. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Trump wants retirement saving rules expanded for small companies

NEW YORK - President Donald Trump plans to issue an executive order Friday directing his administration to make it easier for small businesses to...
THE FEDERAL RESERVE Board has introduced a proposal to scale back several elements of the Volcker Rule. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed releases proposal for easing Volcker Rule trading limits

NEW YORK - Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis is finally...
A TREASURY DEPARTMENT REVIEW is expected propose measures to dial back the Dodd-Frank Act, rather than repeal it. Above, buildings stand on Wall Street near the New York Stock Exchange. / BLOOMBERG FILE PHOTO/JOHN TAGGART

Trump administration to call for modest changes to banking rules

NEW YORK - The Treasury Department’s much anticipated report on banking regulations is set to include measured proposals for revising post-crisis rules, indicating the Trump...
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 FINANCIAL SERVICES FORUM, a trade group representing big-bank Wall Street CEOs, joined other trade groups last in urging Congress to raise the debt ceiling and "remove any threat to the full faith and credit of the United States." Wall Street CEOs will meet with President Obama this week to discuss ongoing negotiations over the budget. / BLOOMBERG FILE PHOTO/JIN LEE

Wall Street leaders to meet with Obama as budget crisis looms

WASHINGTON - The chief executives of large banks including Goldman Sachs Group Inc. will meet with President Barack Obama this week as Wall Street...

N.Y. Fed’s derivatives club decried by U.S. pension plans

WASHINGTON - A private derivatives regulatory group led by the New York Federal Reserve may weaken rules required by the Dodd-Frank Act, two associations...
SEC Chairman William Donaldson testifies before the Senate Banking Committee in this file photo.

SEC developing rules to curb trade abuse

The U.S. Securities and Exchange Commission will propose rules as early as next month designed to block trading abuses in mutual funds, SEC Chairman...
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