From Crain’s Chicago Business | The financial reform bill was stripped of a provision calling for an FDIC examination of all bank bailouts since January 2009, sparing ShoreBank such an investigation.
Inside these posts: Financial reform
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Even with new rules, life goes on for Wall Street
Despite historic changes to the rules on Wall Street from financial reform, banks like Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley won concessions that watered down the proposals that could have been most damaging to their profits, staving off a watershed overhaul like the one that took place after the Great Depression. Get the full story »
Senate approves sweeping financial reform bill
Reuters | The U.S. Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.
By a vote of 59 to 39, the Senate handed a victory to President Barack Obama, a champion of tighter rules for banks and capital markets following the 2007-2009 financial crisis that led to a deep recession and massive taxpayer bailouts.