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More Finance and Banking Articles

  • House Republicans question Jack Lew over 'too big to fail'

    Rep. Scott Garrett, chairman of the capital markets subcommittee of the House Financial Services Committee, wrote a letter to Lew Tuesday with six other Republicans warning that the council's treatment of insurers "has led to uncertainty in the insurance industry and raised concern that the...

  • Where things stand with Detroit's bankruptcy plan

    DETROIT (AP) — More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. Here's a look at the past, present and future of the city's...

  • Some fear auto industry returning to bad habits

    DETROIT (AP) — Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past. As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road....

  • MetLife in the dark as 'too big to fail' label looms

    For more than a year, a regulatory super-group has investigated whether MetLife poses a systemic risk to the financial system if it fails, the way that insurer AIG did in the 2008 crisis.

  • 'Too big to fail' could be slapped on more non-banks

    It is widely expected that the Sept. 4 meeting announced by the Financial Stability Oversight Council late Thursday will focus on applying the label of "too big to fail" to one insurer, MetLife.

  • India urges millions of poor to open bank accounts

    NEW DELHI (AP) — India's state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders. Prime Minister Narendra Modi officially launched the program on Thursday, saying it would give...

  • U.S. credit card late payments down in 2Q

    LOS ANGELES (AP) — Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter...

  • Burger King makes move to Canada official

    Talk of the move has drawn criticism from Democratic lawmakers who are concerned about U.S. companies using mergers with companies in lower-tax jurisdictions to lower their U.S. tax payments.

  • WEX BackStory: Janet Yellen's trillion-dollar question

    Federal Reserve Chairwoman Janet Yellen's speech Friday at an annual summit of central bank leaders paints a picture of what to expect in the coming months.

  • VIDEO: Justice Department, Bank of America reach $17 billion settlement

    The Department of Justice on Thursday announced that Bank of America will pay a $16.65 billion fine to settle allegations it sold risky mortgage-backed securities before the 2008 financial crisis.

  • Revolving door at regulator CFPB enables former bureaucrats to cash in at taxpayers' expense

    Congress thought it was time to replace "captured" financial regulators with a new, un-captured regulator. But that's not what the CFPB turned out to be.

  • NY regulators sanction Standard Chartered Bank

    ALBANY, N.Y. (AP) — Standard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary. The Department of Financial Services said the...

  • NY Fed: US auto loans soar to highest in 8 years

    WASHINGTON (AP) — U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. Yet the New York Fed also said that loans to borrowers with shoddy credit,...

  • Why a program for the poor may be helping big banks instead

    A Clinton-era tax credit program intended to help grow businesses in low-income communities is instead benefitting big banks and private investors to the tune of more than $1 billion annually.

  • Americans are using credit cards more. Here's why that's a good thing

    A big missing piece of the consumer recovery is falling into place in 2014.



From the Weekly Standard

  • Yes, We Do Have a Strategy: Keep Out

    Say what you will about Barack Obama, but his approach to the Middle East has been ruthlessly consistent.  He was elected on the promise to end America’s involvement in the post-9/11 wars in Iraq...

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  • On the Origin of ISIS

    The Islamic State in Iraq and Syria, the terrorist army many thousand strong now rampaging through the Levant, embraces such an extreme, violent ideology that it makes even al Qaeda squeamish,...

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  • McConnell Aide Resigns As Ron Paul Scandal Develops

    Just before the start of the Labor Day holiday weekend, the reelection campaign for Mitch McConnell of Kentucky announced its campaign manager, Jesse Benton, was resigning. Benton was leaving the...

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