Treasury Secretary Jacob J. Lew warned chief executive officers of top U.S. banks in a private meeting last month that the final Volcker rule ban on proprietary trading would be tougher than Wall Street expects.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein left a White House meeting with President Barack Obama and said lawmakers are risking the economic recovery if they don’t raise the federal debt ceiling.
The mayor of Youngstown, Ohio, says he wonders whether a well used to dispose of wastewater from oil and natural-gas drilling is making his city shake. Just to be safe, he’s bought earthquake insurance.
A New Year’s Eve earthquake in Youngstown, Ohio, that prompted the state to stop or delay operations at five wells for disposing of wastewater from oil and natural-gas extraction won’t affect production.
Obama administration officials told leaders of business and financial services groups that negotiations with House Speaker John Boehner have deteriorated in the past 24 hours, a person familiar with the meeting said.
A proposal by the Federal Reserve Bank of Dallas to limit government support for banks could force JPMorgan Chase & Co. and Bank of America Corp. to shrink their U.S. consumer and commercial-lending units by more than half.