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Warren Calls for Breaking Up the Banks
US News & World Report, April 15, 2015. All Rights Reserved. Sen. Elizabeth Warren, D-Mass., called Wednesday for breaking up big banks through structural reforms that would bring a decisive end to “too big to fail.” Warren told a Levy Economics Institute conference she has worked with other lawmakers to advance a bill that would […] -
Anti-Wall Street Senator Lambasts Bank Non-prosecution Deals
Financial Times, April 15, 2015. All Rights Reserved. Elizabeth Warren, the anti-Wall Street senator, has lashed out at US regulators for being soft on misbehaving banks, describing settlements that extracted billion dollar fines as a “slap on the wrist” and demanding that banks be put on trial. The remarks by Ms Warren, who has emerged […] -
Fed’s Bullard Renews Call for Rate Hike
Financial Times, April 15, 2015. All Rights Reserved. US growth is set to remain relatively "robust" and low inflation is due largely to temporary factors, St Louis Federal Reserve president James Bullard said in a speech on Wednesday morning in Washington DC. He renewed his recent calls for higher interest rates, in part because of […] -
FDIC’s Thomas Hoenig: Banks Should Meet Capital Minimum to Get Regulatory Relief
The Wall Street Journal, April 15, 2015. All Rights Reserved. WASHINGTON—The No. 2 official at the Federal Deposit Insurance Corp. said banks should get “regulatory relief” if they meet minimum capital requirements and other criteria, weighing in as Congress considers measures to ease rules on smaller banks. FDIC Vice Chairman Thomas Hoenig, who favors breaking […] -
Bullard Says Zero Policy Rate Risks Asset-Price Bubbles
Bloomberg, April 15, 2015. All Rights Reserved. Federal Reserve Bank of St. Louis President James Bullard repeated his call for beginning to normalize monetary policy and said maintaining interest rates near zero risks destructive asset-price bubbles. “A risk of remaining at the zero lower bound too long is that a significant asset-market bubble will develop,” […] -
Fed’s Bullard Says “No Problem” with Hiking Then Returning to Zero
Reuters, April 15, 2015. All Rights Reserved. (Reuters) – A top Federal Reserve official said on Wednesday that it’s okay for the Fed to raise interest rates and then return to near-zero levels if the economic data shows that the central bank needs to retreat. "I don’t think there’s a problem with that," St. Louis […] -
FDIC’s Hoenig: Blanket Small Bank-Exemption from Volcker Unwise
MNI Deutsche Börse Group, April 15, 2015. All Rights Reserved. WASHINGTON (MNI) – The vice chair of the Federal Deposit Insurance Corp. Wednesday argued against giving all small banks an exemption from the ban on proprietary trading by traditional banks, commonly known as the Volcker Rule, arguing that it does not impose any added regulatory […] -
Warren pitches ideas for stronger Wall Street curbs
The Boston Globe, April 15, 2015. All Rights Reserved. Massachusetts Senator Elizabeth Warren wants to limit to just one the number of deals financial institutions accused of wrongdoing can cut with the government, a change that she believes would force corporations to follow the rules or face criminal charges. It’s among several new ideas that […] -
Warren Says Banks Should Face Bigger Tax Burden to Balance Risks
Chicago Tribune, April 15, 2015. All Rights Reserved. Wall Street banks and their top executives should face new tax penalties to keep them from engaging in risky practices that can pose threats to the financial system, Sen. Elizabeth Warren said Wednesday. Warren, who has been a leading defender of the Dodd-Frank Act, called on the […] -
Elizabeth Warren Hammers the Endless Failures of Wall Street Regulators
The Huffington Post, April 15, 2015. All Rights Reserved. WASHINGTON — Sen. Elizabeth Warren (D-Mass.) assailed the nation’s top bank regulators on Wednesday for coddling Wall Street offenders and ducking the responsibilities Congress assigned them in the wake of the 2008 financial meltdown. At a conference hosted by the Levy Economics Institute, Warren called not […] -
How Warren’s Banking Agenda Could Influence Clinton
American Banker, April 15, 2015. All Rights Reserved. WASHINGTON — Hillary Clinton just kicked off her presidential bid on Sunday, but progressives have already begun a campaign of their own to shape the financial policy debate ahead of the 2016 elections. Sen. Elizabeth Warren, D-Mass., delivered a wide-ranging address on Wednesday, laying out an agenda for tending […] -
Warren on the Warpath: Slams SEC, Pitches Financial Reforms
Compliance Week, April 15, 2015. All Rights Reserved. If she had not already emphatically dismissed the idea of running for president, Sen. Elizabeth Warren (D-Mass.) delivered what would have been a headline-grabbing stump speech on Wednesday. Speaking at Bard College’s Levy Economics Institute, Warren presented her view of what is needed for continuing financial reforms beyond the […]