Wall Street’s watchdogs are looking at just a meager budget boost under the latest spending bill, well below what the president says they need to fulfill their expanded duties.
Financial institutions are pressing Congress and regulators to scale back sweeping new rules.
The Federal Reserve is among the authorities investigating whether bankers across multiple continents shared information that allowed them to rig rates and pad their pockets.
Talks on extending unemployment benefits for the long-term jobless will continue this week when Congress returns.
The internal report is one of the most serious reprimands the bank has faced.
In his first week on the job, Mel Watt is already ramping up hiring and beefing up his staff at the Federal Housing Finance Agency (FHFA).
Watt, who was sworn in on Monday as the agency's director, said Friday that he has appointed four special advisers to help him make policy and strategic decisions.
He'll nominate Stanley Fischer to move into the No. 2 slot at the Federal Reserve.
Banks are extrapolating the broader sector's price tag from JPMorgan's $13 billion settlement with the federal government.
Democrats on the House Financial Services Committee are calling on regulators to exempt small banks from a hotly contested impact of the “Volcker Rule.”
Sens. Elizabeth Warren (D-Mass.) and Tom Coburn (R-Okla.) are looking to bring eliminate “back-room dealmaking” when federal regulators strike settlements with bad actors.