NEW YORK — President Obama will announce Thursday proposals to limit the size of U.S. banks as well as their risk taking, The New York Times reported late Wednesday, citing anonymous officials.
The wealthy are bad at paying mortgages
Here's something the banks didn't expect. The rich are abandoning their million-dollar loans at a surprising rate. In fact, of homeowners with loans of more than $1 million, one in seven is...
Financial reform diluted with bankers in mix
For all the proposals stuffed into its 1,336 pages, the financial reform bill that is headed to the full Senate will change very little for banks, Wall Street and financial firms.
Britain’s Top Financial Regulator Takes On Banks
Adair Turner, chairman of the Financial Services Authority, knows his proposals to rein in the financial industry are unlikely to pass, but he won’t back down.
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