Financial Regulatory Forum

Obama proposes U.S. bank fee, slams Wall Street

By Reuters Staff
January 14, 2010

By Caren Bohan and Alister Bull

WASHINGTON, Jan 14 (Reuters) – U.S. President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their “massive profits and obscene bonuses.”

Obama to propose bank fees to recoup bailout funds

By Reuters Staff
January 14, 2010

By Alister Bull

WASHINGTON, Jan 14 (Reuters) – President Barack Obama on Thursday will propose major U.S. financial firms pay a fee to protect taxpayers from up to $117 billion in losses on a bank bailout that has spurred fury at Wall Street excess.

Special bankruptcy court for banks mulled in U.S. Senate

By Reuters Staff
January 12, 2010

By Rachelle Younglai

WASHINGTON, Jan 11 (Reuters) – Key U.S. senators are considering the creation of a special bankruptcy court for troubled financial services firms, a person familiar with the plans said on Monday.

FACTBOX – 20 ways US House, Senate financial reforms differ

By Reuters Staff
January 6, 2010

Jan 6 (Reuters) – The U.S. Senate will resume debate this month on financial regulation reform, focusing on proposals that differ in 20 key ways from comprehensive legislation approved last month by the U.S. House of Representatives.

China banks need $73 bln capital in 2010 -regulator

December 21, 2009
Chinese banks need more capital

Chinese banks need more capital

   By Samuel Shen and Edmund Klamann
   SHANGHAI, Dec 21 (Reuters) – Chinese banks may need to raise about 500 billion yuan ($73 billion) from the capital markets next year as rapidly expanding loans weaken their financial strength, a senior banking regulator said, marking the first official estimate of banks’ near-term fund-raising. (more…)

Obama tells US bankers it’s payback time

By Reuters Staff
December 14, 2009

By Caren Bohan

WASHINGTON, Dec 14 (Reuters) – President Barack Obama told top U.S. bankers on Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and to get behind financial reforms.

Chavez seeks gain from Venezuela bank purge

By Reuters Staff
December 8, 2009

By Andrew Cawthorne

CARACAS, Dec 7 (Reuters) – President Hugo Chavez on Monday sought to reassure a nervous public and maximize political gain from an ongoing purge of Venezuelan banks that has cost him a close ally and unsettled the financial sector.

Senior Venezuelan minister resigns in bank scandal

By Reuters Staff
December 7, 2009

  By Frank Jack Daniel

CARACAS, Dec 6 (Reuters) – A senior minister and close confidant of Venezuelan President Hugo Chavez resigned on Sunday in a scandal that has shaken the OPEC nation’s banks and triggered a purge of businessmen with ties to the government.

Two Venezuela banks go to state for under $1 – paper

December 4, 2009

Venezuelan President Hugo Chavez speaks during a cabinet meeting at Miraflores Palace in Caracas December 3, 2009. By Walker Simon and Eyanir Chinea

CARACAS, Dec 4 (Reuters) – Anxieties over the health of Venezuela’s financial system eased on Friday, with bonds rising after heavy losses this week as a paper reported a businessman agreed to hand over two institutions to the state.

Banks sense danger, warn U.S. Congress on breakup power

By Reuters Staff
November 17, 2009

By Kevin Drawbaugh
WASHINGTON, Nov 16 (Reuters) – Some of the world’s largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.