Financial Regulatory Forum
By James Vicini and Jeremy Pelofsky
WASHINGTON, Nov 17 (Reuters) – The Obama administration created a new task force on Tuesday to crack down on financial fraud, an increasingly important political issue after a spike in mortgage scams and big Wall Street trading scandals.
By Caren Bohan and Alister Bull
WASHINGTON, Nov 9 (Reuters) – U.S. President Barack Obama said on Monday he plans to raise the issue of the yuan currency with Chinese officials when he meets with them in Beijing next week.
By Karey Wutkowski
WASHINGTON, Nov 3 (Reuters) – The chairman of the Senate Banking Committee is poised to release a draft bill on financial regulatory reform that meets many of President Barack Obama’s core goals, but it is unclear if it will gain any Republican support, an administration official said on Tuesday.
By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Nov 2 (Reuters) – Key U.S. senators are still deeply divided on basic financial regulation reforms, making it unlikely a bill expected soon from Senate Democrats could become law this year, analysts said on Monday.
By Kevin Drawbaugh
WASHINGTON, Oct 26 (Reuters) – The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.
WASHINGTON, Oct 13 (Reuters) – President Barack Obama remains committed to reforming international corporate taxation to end “unfair loopholes,” a White House spokeswoman said on Tuesday.
The comment was in response to a front-page article in The Wall Street Journal that said the Obama administration has shelved a plan to raise more than $200 billion in new taxes on multinational companies following complaints from businesses.
By Caren Bohan
WASHINGTON, Oct 8 (Reuters) – As the U.S. unemployment rate climbs toward 10 percent, President Barack Obama is facing a rising clamor from within his Democratic party to take new steps to lift the economy and jump-start job growth. (more…)
By Giuseppe Fonte and Caren Bohan
PITTSBURGH, Sept 24 (Reuters) – The United States said on Thursday there was broad support for its vision to build a more stable global economy and crack down on banks’ risky behavior, although G20 countries were still hashing out the details.
By Kevin Drawbaugh
WASHINGTON, Sept 22 (Reuters) – The U.S. Congress’ two top legislators on financial reform stressed their points of agreement on Tuesday, despite lingering differences and a prediction from one that the reform debate may be prolonged.