The Securities and Exchange Commission has proposed strengthening “circuit breaker” rules that suspend market trading in times of extreme market volatility. (more)
Memo to employees at big Wall Street banks and securities firms: Be careful what you say on the elevator. You might be surrounded by regulators. (more)
U.S. stocks were little changed on Monday as investors were reluctant to make bets ahead of U.S. elections and a Federal Reserve meeting that is expected to bring further stimulus to the economy. (more)
Bookings for capital goods fell in September, signaling a slowdown in U.S. business investment that gives the Federal Reserve more reason to ease policy next week. (more)
On May 6, the Dow plunged hundreds of points in a matter of minutes for reasons that most investors couldn’t explain. Amazingly, even as Jim Cramer was melting down live on CNBC, the market zoomed right back up just as quickly, leaving everyone, including the SEC, to wonder what had just happened. The incident has become known as the “flash crash” in investment circles. (more)
Stocks are likely to face another choppy, downtrodden week, but that’s no big surprise. (more)
Janet Yellen, the president’s pick to be the second-highest ranking official at the Federal Reserve, acknowledged Thursday that regulators were slow to crack down on risky banking practices that stoked the 2008 financial crisis. (more)
Lawmakers take contributions every day from corporate executives and lobbyists hoping for their votes. The question of whether that represents business as usual in Washington or an ethics breach is at the heart of a far-reaching Congressional ethics investigation that is stirring concerns throughout Washington and Wall Street. (more)
UPDATE – 7:20 P.M. – Sen. Olympia Snowe, Maine Republican, announced late Monday she will support the financial regulation bill, in what appears to guarantee passage of the measure into law. (more)
The U.S. Senate bill to overhaul financial regulations is stronger than a version passed in December by the House, and it is likely to stay that way when Congress comes together to merge the two bills, according to House Financial Services Committee Chairman Barney Frank. (more)
WASHINGTON (AP) — The Obama administration is urging Senate Democrats to drop a $50 billion bank liquidation fund from a financial regulation bill. The money has become a target of Republicans, who have branded the fund a Wall Street bailout. (more)
Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and would prefer to enhance the existing powers of banking regulators. (more)
After months of emphasizing the need to coordinate a global regulatory response to the global financial crisis, the Administration has done an about-face. Instead of working in concert with international partners, the Administration now wants to enact reform unilaterally so as to “set the global agenda.” The supposed first-mover advantage would allow the U.S. to shape “a level playing field on terms that play to our strengths.” In reality, regulatory reform at the national level is unlikely to work because of the size and breadth of the institutions. And rather than stimulate international cooperation, unilateral action is likely to result in regulatory competition that ultimately disadvantages U.S. firms. (more)
President Obama on Wednesday rolled out a dizzying set of accusations against the Republican party that veered toward contradicting one another, as he encouraged Senate Democrats to keep fighting for his agenda. (more)
Wall Street’s main lobbying arm has hired a top Supreme Court litigator to study a possible legal battle against a bank tax proposed by the Obama administration, on the theory that it would be unconstitutional, according to three industry officials briefed on the matter. (more)
























