Credit rating agencies, accused of assigning top ratings to shoddy securities, would be exposed to greater liability under a wide-ranging financial services reform bill released by a leading U.S. senator. The draft bill unveiled last Tuesday would give investors an …
A government financial stability agency would be created under a draft financial regulation reform bill from U.S. Senate Banking Committee Chairman Christopher Dodd obtained by Reuters Tuesday. The long-awaited Dodd bill departs from earlier proposals already made by the Obama …
Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee on Tuesday introduced a draft of the long-awaited financial services regulatory reform bill. While insurance industry representatives were quick to applaud Dodd, the committee and staff on their work, they also …
The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear standoff. President Barack Obama warned Iran last …
Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying investigations by the FBI and other …
U.S. Senate Banking Committee Chairman Christopher Dodd plans to propose legislation that would merge four bank agencies into one super-regulator, The New York Times reported Saturday. Dodd’s approach, meant as a starting point for the Senate’s response to the financial …
The Obama administration’s ambitious plan to overhaul U.S. financial regulation was bogged down in Congress as it returned from a long recess Tuesday. With no clear path forward in the Senate, analysts and lobbyists said Democrats would be hard-pressed to …
U.S. securities regulators missed “numerous” red flags that may have led to Bernard Madoff’s $65 billion Ponzi scheme and never did a “thorough and competent” probe despite complaints dating to 1992, a federal watchdog has concluded. The U.S. Securities and …
The Senate health committee Wednesday approved its version of legislation to overhaul the U.S. health industry, which is to be combined with a bill yet to be written in the Senate Finance Committee. The Democratic-controlled health panel’s bill, approved on …
With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …
