Topic: Wall Street
Tories vow to introduce banking tax
AFP European Edition
The Conservatives pledged Saturday to impose a US-style tax on banks to claw back money spent bailing them out, just weeks before a general election they are tipped to win. "We had the biggest bank bail-out in the world. We can't just carry on as if nothing happened," said ...
Obama urges Senate action on finance reform
AFP Global Edition
US President Barack Obama on Saturday urged senators to pass a comprehensive overhaul of the US financial system that would include a new agency to protect consumers from Wall Street's excesses. "These reforms are essential," Obama said in his weekly radio address. "As I've urged over the past ...
Once skeptical, Congress warms to CFTC's Gensler
Reuters US Online Report Politics News
WASHINGTON (Reuters) - Gary Gensler, who once supported market deregulation blamed for the recent financial meltdown, has been winning over members of Congress who had been skeptical of his ability to rein in Wall Street as the top U.S. futures regulator. A former partner at Goldman Sachs, Gensler has quickly ...
Senate to remove "backdoor bailouts" from bill
Reuters US Online Report Business News
ORLANDO, Florida (Reuters) - The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for "backdoor bailouts," a panel spokeswoman said on Friday. Sheila Bair, chairman of the Federal Deposit Insurance Corp, told a conference of community bankers ...
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