PARIS (Reuters) - France's Senate Committee decided on Thursday not to pursue Societe Generale Chief Executive Frederic Oudea over allegations the bank chief misled France's upper house of parliament in 2012 regarding the French bank's activities in Panama. Show More Summary
A hearing by the Senate banking committee showed bi-partisan agreement for BDCs as a driver of growth for smaller U.S. companies, but exposed some rifts over whether financial companies should benefit from easier regulation. BDCs are seeking to reform laws, including allowing more leverage of a 2:1 debt-to-equity ratio, up from [...]
American Jewish Committe blasts Sanders’ Baltimore – West Bank comparison by Kenneth Bandler NEW YORK — The American Jewish Committee (AJC) criticized Senator Bernie Sanders for comparing socio-economic conditions in Baltimore to Palestinian communities in the West Bank. Show More Summary
Senate Banking Committee chairman Richard Shelby (R-AL) is stalling the nomination of a board member for the Export-Import Bank, which results in U.S. companies losing $50 million in exports every day.
As many Senate Republicans continue to oppose holding hearings for President Barack Obama’s nominee to the Supreme Court, Senate Majority Leader Mitch McConnell is urging Senate Banking Committee Chairman Richard Shelby to move the White House’s nomination to the Export-Import Bank’s board of directors, according to a GOP Senate staffer. Show More Summary
Release: Statement of Lisa Gilbert, Director of Public Citizen’s Congress Watch Division Note: Today, members of the U.S. Senate Committee on Banking, Housing and Urban Affairs postponed votes on block of banking nominees based on the two Securities and … Continue reading ?
U.S. Senator Elizabeth Warren Senate Republicans held a Banking Committee hearing today to talk about why we should roll back the rules on mortgages and credit cards because they’re just too costly for the banks. One of their witnesses, Leonard Chanin, had helped lead the Federal Reserve division that refused to regulate deceptive mortgages — […]
Senate Republican Banking Committee member said there's no evidence they're to blame. Elizabeth Warren replied, "Did you have your eyes stitched closed?" Massachusetts Sen. Elizabeth Warren on Tuesday grilled a former Federal Reserve official about his role in the subprime mortgage lending crisis that ushered in the 2008 economic crash. Show More Summary
A quest for a sixth term has stalled the work of the Senate banking committee, which has not approved any of President Obama’s 16 nominees.
“I have a primary, you know.” — Sen. Richard Shelby (R-AL), quoted by Bloomberg, on why he is stopping work on the Senate Banking Committee, which he chairs.
Federal Reserve chair Janet Yellen is back in Congress as part of her semi-annual testimony. On Thursday morning, Yellen is speaking before the Senate Banking, Housing, and Urban Affairs Committee on monetary policy. The highlight of...Show More Summary
Fed Chair Yellen will be presenting her semi-annual monetary policy testimony - sometimes called the "Humphrey-Hawkins" testimony - today (House Financial Services Committee) and tomorrow (Senate Banking Committee). Her prepared remarks...Show More Summary
WASHINGTON (AP) — The Senate Banking Committee endorsed a bill Thursday to lift the four-decade-old ban on crude oil exports, the latest sign of congressional support for legislation that President Barack Obama opposes. Despite the largely...Show More Summary
The US Senate Committee on Banking, Housing and Urban Affairs has voted to eliminate the injunction on US crude oil exports, US Senator Mark Kirk said in a release on Thursday.
By Timothy Gardner WASHINGTON, Oct 1 (Reuters) – A bill to lift the 40-year-old ban on U.S. oil exports passed the Senate Banking Committee on Thursday, but the future of the measure is uncertain in the full chamber, after a controversial amendment was added to it. The bill, sponsored by Senator Heidi Heitkamp a […] .
Lawmakers who want to ditch the 40-year-old U.S. ban on exporting oil will likely enjoy a victory on Thursday in the Senate banking committee - but they are struggling
The chairman of the Senate Judiciary Committee on Tuesday railed against significant U.S. Supreme Court decisions from the past term, saying the unified votes of left-leaning justices "give rise to an appearance that their loyalties are to each other and to their preferred principles and policies, rather than to the Constitution."
WASHINGTON (AP) — A Senate panel has voted to make it easier for businesses that legally produce and sell marijuana to do business with banks and other financial services providers. The Senate Appropriations Committee approved an amendment that would effectively ease laws making it officially illegal for banks to handle money from marijuana vendors.
A key Senate committee passed a bill today allowing the nation's capital to establish regulated marijuana stores and let banks provide financial services to state-legalized marijuana dispensaries. These are just two of several marijuana reforms advancing in Congress. Show More Summary
In the past week, House Ways and Means Committee chairman Paul Ryan (R., Wis.) and House majority leader Kevin McCarthy (R., Calif.) have shown great resolve in passing an extension to the highway bill clean of all Ex-Im Bank extensions. Chairman...Show More Summary