By Huw Jones
LONDON, Sept 3 (Reuters) – U.S. pressure to toughen up how banks set aside capital suggests reform of Basel II rules on capital adequacy could be drawn out for years, leaving banks in the lurch.
Financial Regulatory Forum
By Patrick Rucker
WASHINGTON, July 22 (Reuters) – Jeffrey Goldstein, an executive at a New York private equity firm, has been tapped as President Barack Obama’s choice for Treasury undersecretary for domestic finance, two officials said on Wednesday. (more…)
WASHINGTON, July 10 (Reuters) – The Obama administration is asking the largest mortgage finance companies to quicken the pace of modifying home loans and so help more troubled borrowers avoid foreclosure. The largest 25 mortgage servicers should appoint a special liaison officer to work directly with government officials who are overseeing the program meant to save as many as 4 million borrowers from foreclosure. (more…)
By David Lawder
WASHINGTON, July 10 (Reuters) – The U.S. Treasury Department allowed 11 smaller banks to repurchase stock warrants at only 66 percent of their market value, passing up about $10 million of taxpayer profits from government bailouts, a U.S. watchdog panel said on Friday.
By Patrick Rucker
WASHINGTON, July 6 (Reuters) – The U.S. Treasury Department is warning the financial services industry that it will not back down from its proposal to create a new consumer protection agency, even while lobbyists build a warchest and strategy to defeat the plan.
By David Lawder and Jennifer Ablan
WASHINGTON/NEW YORK, July 2 (Reuters) – The U.S. Treasury will launch its public/private investment fund program to buy up toxic securities with an initial funding of $20 billion from public and private sources, a level scaled back considerably from initial plans, people familiar with the matter said on Thursday.