More Finance and Banking Articles

  • In first public speech, new Federal Reserve vice chairman dismisses breaking up big banks

    Stanley Fischer warned that "actively breaking up the largest banks would be a very complex task, with uncertain payoff," even though some critics say more regulation is needed in the wake of the 2008 financial crisis. 

  • Bank of England leaves interest rates steady

    LONDON (AP) — The Bank of England has kept interest rates steady at a record low of 0.5 percent and refrained from pumping more money into the economy even as the recovery gathers strength. Thursday's decision was widely expected, even after Bank of England Governor Mark Carney startled...

  • French financier to head Vatican bank

    VATICAN CITY (AP) — The Vatican has chosen a French financier to become the new president of its bank, which is overhauling the way it operates after a series of financial scandals. As widely expected, the Vatican announced Wednesday it had tapped Jean-Baptiste de Franssu to head the Institute...

  • Most households still not borrowing

    Six years out from the financial crisis, most Americans are still not borrowing more, despite well-qualified borrowers taking out loans.

  • Amidst crisis, CFPB quietly offers legal services to worried managers

    Several weeks after a top whistleblower testified of widespread discrimination and retaliation at the Consumer Financial Protection Bureau, agency officials quietly moved to reimburse its managers for legal counsel and offer legal protections, the Washington Examiner has learned. The new CFPB...

  • Say it ain't so, Joe: Biden claims he has no savings account, owns no stock (but his salary and benefits are pretty good!)

    Vice President Joe Biden said Monday he empathizes with the plight of working families, adding in a speech at the White House that he has no savings accounts and owns no stock.

  • Fun fact: Guess where the current IRS commissioner used to work

    Current IRS Commissioner John Koskinen testified Friday on the scandal involving the targeting of conservative groups applying for tax-exempt status. And although the hearing was filled with many memorable and tense moments, particularly between the commissioner and Rep. Paul Ryan, R-Wis., one...

  • House panel to probe CFPB executive's attempt to strike whistleblower's testimony from official record

    A House subcommittee is investigating whether a high-ranking official at the Consumer Financial Protection Bureau interfered with a congressional investigation of workplace discrimination allegations at her agency.

  • CFPB official wants to silence a whistleblower before he can talk to Congress

    A high-ranking Consumer Financial Protection Bureau official is attempting to silence a CFPB whistleblower before he testifies to a House subcommittee, a move that critics called rare and improper. An attorney for Liza Strong, the bureau's head of employee relations, on Tuesday demanded that...

  • Bitcoin's new problem

    The digital currency Bitcoin is facing a new threat to its viability, this time involving its claim to be decentralized. On Friday, a single mining pool — a group of so-called miners who direct computing power to maintain the network's ledger in exchange for payment in Bitcoin — grew large...

  • CFPB settles with whistleblower two days before Congress hears more allegations of workplace abuses

    Consumer Financial Protection Bureau officials settled a high-profile complaint of gender discrimination and retaliation Monday, ending a two-year saga involving senior enforcement attorney Angela Martin.

From the Weekly Standard