Federal Reserve Chairman Janet Yellen said last week that clarification on how the Volcker Rule treats collateralized loan obligations would be coming “reasonably soon.” Managers of the funds that package junk- rated buyout loans aren’t waiting to find out.
Comcast Corp.’s proposed purchase of Time Warner Cable Inc. goes before U.S. regulators who may be more interested in ensuring Internet users can see Netflix Inc.’s videos than parsing the combined company’s market share.
Janet Yellen, taking charge as Federal Reserve chairman, let lawmakers know she’s united with her policy committee and sees few risks that could derail a plan to steadily reduce the Fed’s bond purchases.
In Homewood, Alabama, retiree Lynn Arnold says the U.S. government should crack down on Wall Street after bond and derivative deals arranged by JPMorgan Chase & Co. left Jefferson County in fiscal purgatory.
The chairman of the U.S. House Financial Services Committee said he expects “full exoneration” from an ethics investigation following reports he made securities trades after being briefed by Federal Reserve Chairman Ben Bernanke during the 2008 fiscal crisis.
Two years after his party’s leaders stripped much of his power as the top Republican on the House Financial Services Committee, Representative Spencer Bachus is within reach of taking the chairmanship from Democrat Barney Frank during the biggest regulatory overhaul since the 1930s.
U.S. Representative Spencer Bachus said the Securities and Exchange Commission may need more money to make changes he has proposed to address structural flaws and “organizational incoherence” at the agency.