Regulation

Although the estimated costs of the Troubled Asset Relief Program have fallen markedly during the past year, the Obama administration's 2012 fiscal budget said the largest banks that benefited from the bailout should still be taxed to make up any cost to the government.

Bonaire Software Solutions announced Monday that it has signed a record number of new clients for its REVPORT revenue management and fee billing software suite.

TD Ameritrade has agreed to distribute approximately $10 million to customers who continue to hold shares of the Reserve Yield Plus Fund, a mutual fund that famously "broke the buck" on the net value of its assets in September 2008.

As a House Judiciary Committee panel meets Monday to hold a hearing on public pensions and the need for state bankruptcy protection, pension and muni bond experts are opposing a recently introduced bill that would prohibit them from issuing tax-exempt bonds unless they subject their pension plans to federal oversight and regulation.

Two deputies were named in the FDIC's Office of Complex Financial Institutions, while three staff positions were announced in the Division of Depositor and Consumer Protection.

The fund business looks like it’s back.

Rule-making body wants the SEC to make changes to prevent potential conflict of interest in municipal securities trading.

What’s a wirehouse advisor to do in this uncomfortable situation? And there’s more on the fiduciary standard.

For the second year in a row, enforcement actions set a record, jumping 21% last year, to 2,724, an increase industry representatives attributed to a persistently heightened focus on capital and safety and soundness standards in the wake of the financial crisis.

"We're no closer to an end game than we were before the report," one panelist said Thursday. "Maybe even further away."