Tim Johnson News
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Kara M. Stein and Michael S. Piwowar, both senior U.S. Senate aides, were nominated today by President Barack Obama to join the Securities and Exchange Commission.
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Federal Reserve Bank of Richmond President Jeffrey Lacker said broker-dealer units of banks should have higher capital requirements than deposit-funded subsidiaries because the financial crisis demonstrated the risks that stem from a reliance on markets for financing.
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Most big-name financial firms pay lip service to diversity, peppering their websites with smiling women and people of color who are in short supply in the mostly white-male trading rooms and executive offices of real life.
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Senate Finance Committee Chairman Max Baucus won’t seek re-election in 2014, ending a 36-year tenure capped by his co-authorship of the 2010 health-care law.
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U.S. Senate Banking Committee Chairman Tim Johnson is expected to announce today that he will become the fifth Democrat in the chamber to retire after the 2014 election, a Senate Democratic aide said.
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U.S. Senator Tim Johnson’s decision to retire after the 2014 election makes the Democrats’ job of holding their Senate majority tougher.
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U.S. banks could be forced to break up or shed assets because of a push by federal lawmakers to raise capital requirements at the largest firms, Standard & Poor’s said.
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“Too-big-to-fail” legislation unveiled yesterday in Washington is needed to rein in the biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers against future bailouts, the bill’s sponsors said.
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“Too-big-to-fail” legislation unveiled in Washington today is needed to rein in the biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers against future bailouts, the bill’s sponsors said.
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“Too-big-to-fail” legislation unveiled in Washington today is needed to rein in the biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers against future bailouts, the bill’s sponsors said.
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