White House Steps Up Push To Toughen Rules On Banks (WSJ) White House officials have intensified their talks with the Treasury Department in the days since J.P. Morgan’s losses came to light, these people say—representing the first tangible political impact from a trading mess that has cost one of the nation’s most prominent banks more than $2 billion…White House and Treasury officials are still determining whether the Volcker rule would have prevented the losses at J.
The chase for a piece of the Treasury Department’s $700 billion bailout program intensified Friday as the government considered extending it to include insurance companies as well as banks, and the auto industry stepped up efforts t... Read Post
According to an intermittently interesting WSJ story tonight, Wells Fargo was the only bank Monday to fight the idea of signing up to a preferred share deal with the U.S. Treasury. It pushed back, Treasury pushed harder and the deal... Read Post
The Treasury Department has been scrambling to figure out what the new proposals unveiled by Barack Obama last week limiting the size and scope of banks. The proposals came out of the White House rather than the Treasury Department.... Read Post