Regulation

WASHINGTON — An Obama administration push to ban banks from proprietary trading and limit their growth suffered a setback Tuesday as lawmakers from both parties raised concerns that the so-called "Volcker Rule" would have done little to nothing to prevent the financial crisis.

Companies cite defensive moves ahead of rate rise

The Labor and Treasury Departments have issued a request for information to determine whether annuities belong in 401(k)s. Specifically, the agencies want to know the benefits and the drawbacks to receiving retirement income in installments.

Most RIAs don’t see any lost competitive advantage if a fiduciary standard is required for everyone

The banking industry's effort to compensate for lost overdraft-fee income by phasing out free checking has hit a roadblock.

WASHINGTON — The Obama administration proposed Monday to raise the required level of reserves at the Federal Deposit Insurance Corp. to more than $80 billion — a move that would require banks to pony up a huge amount of money.

$30 billion initiative would be separate from Tarp

WASHINGTON — Though President Obama last week said the spate of government programs helping banks was comparable to a "root canal," there can be little doubt that a key part of those efforts — the Federal Reserve Board's multiple liquidity facilities — was vital in staving off economic collapse.

The Securities and Exchange Commission last Wednesday adopted several amendments to Rule 2a-7 governing money market funds that aim to reduce risks by increasing credit quality, improving liquidity, shortening maturity limits and requiring the disclosure of a fund’s “shadow” net asset value.

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