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By Mike McAra |
May 9, 2014
While Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and cheaply.
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By Andrew Zajac, Bloomberg |
February 13, 2014
The American Bankers Association is dropping its lawsuit challenging a provision of the Volcker Rule.
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By Edvard Pettersson, Bloomberg |
December 30, 2013
The American Bankers Association dropped its request for a federal judge to temporarily block Volcker Rule restrictions on collateralized debt obligations backed by trust-preferred securities.
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By Jesse Hamilton, Bloomberg |
November 26, 2013
JPMorgan Chase & Co.’s legal bills contributed to a decline in the Federal Deposit Insurance Corp. tally of U.S. bank-industry profits for the third quarter.
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By Yalman Onaran and Jesse Hamilton, Bloomberg |
July 10, 2013
The biggest U.S. banks may continue hoarding profits as they face stricter capital rules than foreign competitors.
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By Cheyenne Hopkins |
April 24, 2013
More legislation is needed to rein in biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers, the bill’s sponsors said.
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By Jesse Hamilton, Bloomberg |
February 26, 2013
U.S. banks had $141.3 billion in net income last year, the second-best on record behind the $145.2 billion total reported for 2006, on non-interest income and lower loss provisions, the Federal Deposit Insurance Corp. said.
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By Cheyenne Hopkins and Kathleen Hunter, Bloomberg |
December 4, 2012
U.S. Senator-elect Elizabeth Warren, the Harvard University law professor and critic of Wall Street, is poised to join the Senate Banking Committee after she’s sworn into office in January.
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By Carter Dougherty and Cheyenne Hopkins, Bloomberg |
November 2, 2012
Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.
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By Silla Brush and Matthew Leising |
October 3, 2012
The CFTC, facing an Oct. 12 start date for a slate of derivatives rules, is being bombarded with requests to ease or delay the Dodd-Frank Act measures.
