By Madeline Chambers and Emily Kaiser
BERLIN/PITTSBURGH, Sept 24 (Reuters) – German Chancellor Angela Merkel warned on Thursday a U.S. drive to rebalance the global economy risked distracting the Group of 20 from a more urgent need for market regulation at their Pittsburgh summit.
Merkel to G20: regulation before rebalancing
Top US lawmakers stress financial reform common points, delay seen
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.
Senior US senator favors bank super-cop idea -aide
By Kevin Drawbaugh
WASHINGTON, Sept 20 (Reuters) – The U.S. Senate’s top legislator on financial regulation favors reducing the number of bank supervisory agencies more sharply than the Obama administration proposes, said a senior Senate aide on Sunday.
U.S. Fed to propose wide-ranging bank pay rules
WASHINGTON, Sept 18 (Reuters) – The U.S. Federal Reserve is close to proposing wide-ranging rules on bankers’ pay that would apply to any employee able to take risks that could threaten the safety and soundness of the institution, a Fed source said on Friday.
U.S. Fed reviewing bank commercial property exposure – source
WASHINGTON, Sept 16 (Reuters) – The Federal Reserve is conducting a review of commercial real estate exposures at U.S. banks, a Fed source said on Wednesday.
U.S. banks to be first to shed government support – economists poll
By Nigel Davies
LONDON, Sept 11 (Reuters) – U.S. banks are expected to be free of bailout obligations like those owed to the Troubled Asset Relief Program within two years, a Reuters poll of economists found on Friday, but European lenders were seen taking longer to cut loose from public support.
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U.S. bank “super-cop” idea gains support in Senate
By Karey Wutkowski
WASHINGTON, Sept 9 (Reuters) – Decreasing the number of U.S. agencies that police banks is an idea gaining momentum in Congress, even though bolder efforts to rip up the overall financial regulatory system and start fresh have stalled.
Obama renominates Bernanke, says U.S. Fed chief braked “economic freefall”
By Ross Colvin and Patricia Zengerle
OAK BLUFFS, Mass., Aug 25 (Reuters) – U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, entrusting him with guiding the economy out of the worst downturn since the Great Depression.
Obama to reappoint Bernanke to lead Fed – official
By Patricia Zengerle and Ross Colvin
OAK BLUFFS, Mass., Aug 24 (Reuters) – U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.
U.S. Fed chief sees growth prospects, “urgent” regulatory reform need
WASHINGTON, Aug 21 (Reuters) – Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke’s prepared speech to be delivered at the Kansas City Federal Reserve Bank’s conference in Jackson Hole, Wyoming.
BERNANKE ON CURRENT STATE OF ECONOMY
“After contracting sharply over the past year, economic activity appears to be leveling out, both in the United States and abroad, and the prospects for a return to growth in the near term appear good. … The economic recovery is likely to be relatively slow at first, with unemployment declining only gradually from high levels.”
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