Wall Street Firms Acknowledge Mistakes

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 13, 2010. The heads of major Wall Street financial institutions, appearing before a commission examining the causes of the 2008 financial crisis, acknowledged that their firms had made mistakes and called for stronger regulation that balances innovation and safety. […]

White House Considering Bank Fees to Recoup Bailout Funds

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 12, 2010. The White House is considering implementing a fee on banks in an effort to recoup Troubled Asset Relief Program (TARP) funds made available to the industry during the financial crisis, administration spokesmen said. “That’s one idea that’s […]

Dodd Will Not Seek Re-Election in November

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 6, 2010. Senate Banking, Housing and Urban Affairs Committee Chairman Chris Dodd, D-Conn., announced January 6 that he will not seek re-election to the Senate this November. “This is my moment to step aside,” Dodd said, noting that “this […]