Compliance

The hand-wringing over bank capital levels is pulling the spotlight off a bigger issue: effective oversight of the largest firms. In the wake of the crisis, regulators have forced banks to hold both a higher level and a higher quality of capital. They've created a tangle of complicated rules.

Responding to frustrated lawmakers who have yet to see the Obama administration give out any funds from its $30 billion small business lending program, Treasury Secretary Timothy Geithner said Wednesday the fault lay with the banking regulators.

J.P. Morgan Securities LLC will pay $153.6 million to settle charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet, the Securities and Exchange Commission said.

The Federal Deposit Insurance Corp. convened some of the best banking-policy minds on the planet Tuesday to look at how best the agency can use its new powers to unwind a large, systemically important bank.

While international regulators continue to spar over the right size of a proposed capital surcharge for the largest banks, the U.S. banking agencies are disagreeing among themselves on the issue.

Is a mutual fund company responsible for the statements made in a prospectus for one of its funds?

The Supreme Court has ruled 5-4 that Janus Capital Group is not liable for false statements in a prospectus for the Janus Investment Fund made at the time of the 2003 market-timing scandal.

Preventing tax evasion is certainly a noble-and potentially profitable cause-for the U.S. government.

WASHINGTON — Nearly three years since the financial crisis began, lawmakers appear consumed again with a very precrisis topic: Is overregulation driving financial institutions overseas?

AARP launched a new television ad campaign on Thursday urging Congress not to cut critical Medicare and Social Security benefits.

Nearly three years since the financial crisis began, lawmakers appear consumed again with a very precrisis topic: Is overregulation driving financial institutions overseas?

After trading accusations in an arbitration dispute, Bank of America Merrill Lynch has been ordered to pay one of its former financial advisers $1.55 million in compensatory damages and expunge his Form U5.

While recent legislation has sparked debate about suitability versus fiduciary standards, a majority of investors do not understand the difference between the two, a survey by J.D. Power and Associates found.

Two years after proposing rules to avert misuse of client assets on the scale of the Madoff ponzi scheme, the Securities and Exchange Commission (SEC) proposed amendments that would strengthen oversight of broker-dealer audits.

Two years after proposing rules to avert misuse of client assets on the scale of the Madoff ponzi scheme, the Securities and Exchange Commission (SEC) proposed amendments that would strengthen oversight of broker-dealer audits.

The question of whether some banks are still "too big to fail" will not be settled until the next crisis. That, in a nutshell, was the takeaway from a House Financial Services Committee hearing on Tuesday, where lawmakers fought with each other over whether the Dodd-Frank Act adequately addressed the problem.

When Congress threatened to cap the interchange fees that banks collect on debit card transactions, the industry argued that such a move would force it to kill off its own debit rewards programs. As it turns out, the demise of those programs might inconvenience consumers but it is unlikely to deal banks much of a financial blow.

The Supreme Court has ruled 5-4 that Janus Capital Group is not liable for false statements in a prospectus for the Janus Investment Fund made at the time of the 2003 market-timing scandal.

JPMorgan Chase & Co. CEO Jamie Dimon's scolding of Federal Reserve Chairman Ben Bernanke had broad support among bankers reeling from a re-defeat on the Durbin amendment and renewed anxieties about the Consumer Financial Protection Bureau. With "300 rules coming," as Dimon lamented, there are plenty of things for bankers to hate.

Bankers lost the Senate fight over interchange fees, but they are hoping the vote will help convince the Federal Reserve Board to raise its proposed 12-cent cap.