The Commodity Futures Trading Commission may ease regulations that limit speculation on commodities, including wheat, oil and natural gas. The commission’s five member panel is debating a private vote that would alter the way that firms combine trading positions when … Read More…
JPMorgan Chase & Co. CEO Jamie Dimon will testify in front of the Senate Banking Committee on the bank’s recent $2 billion trading loss that has sparked debate over the necessity of increased regulation. Senate Banking Committee Chairman Tim Johnson … Read More…
The U.S. Senate confirmed the appointments of investment banker Jerome Powell and Harvard economist Jeremy Stein to the Federal Reserve Board of Governors on Thursday. The Senate approved Powell’s nomination in a 74-21 vote and Stein’s nomination in a 70-24 … Read More…
The Consumer Financial Protection Bureau recently announced that it will hold a hearing on prepaid cards, which may indicate the agency’s preparedness to bring the prepaid card industry into the fold of stricter oversight. Entities that will likely come under … Read More…
As regulators plan to move forward with scheduled Dodd-Frank hearings, JPMorgan Chase & Co.’s $2 billion trading loss may take center stage during the hearings. “There is no doubt that this week’s news of JPMorgan’s trading losses has raised significant … Read More…
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