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President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the agency tasked with policing Wall Street.Obama said Kara Stein, an aide to Rhode Island Democratic Senator Jack Reed, would replace SEC Democratic Commissioner Elisse Walter.Michael Piwowar, an economist who works for Alabama Republican Senator Richard Shelby, would replace SEC Republican Commissioner Troy Paredes, whose term is set to expire in June.The Senate must approve the nominations."Both of their experiences will serve them well as they work to fulfill the SEC's mission of protecting investors and ensuring a fair marketplace," Senate Banking Committee Chairman Tim Johnson of South Dakota said in a statement.Stein's and Piwowar's names have been circulating for months as likely successors to Walter and Paredes.Obama's decision to nominate them roughly one month after SEC Chairwoman Mary Jo White was sworn in signals the administration is anxious to...
Big banks are urging lawmakers not to extend unlimited guarantees for around $1.4 trillion in bank deposits, a move that pits them against smaller banks and the top ...
Sen. Tim Johnson, the chairman of the Senate Banking Committee, said Tuesday that Federal Reserve Board Chairman Ben Bernanke should be prepared to discuss the possi...
The top Republican on the Senate Banking Committee has prepared a subpoena for the chairman of the Commodity Futures Trading Commission over his regulation of MF Gl...
U.S. senators aren't the only ones who think JPMorgan Chase & Co. (JPM) chief executive James Dimon needs to testify on the firm's more than $2 billion trading blund...
A key Senate committee plans to ask J.P. Morgan Chase CEO Jamie Dimon to testify as early as next month about his company's more-than-$2-billion trading loss.Sen. Ti...
A top U.S. House Republican on financial issues said late Tuesday he plans a hearing on the more than $2 billion in trading losses that J.P. Morgan Chase & Co. (JPM)...
Derivatives regulators are likely to be questioned about their oversight of complex trades at J.P. Morgan Chase & Co. (JPM) that resulted in a more than $2 billion l...
Sen. Mike Johanns of Nebraska, a Republican on the Senate Banking Committee, said J.P. Morgan Chase & Co. (JPM) CEO Jamie Dimon should testify about his bank's $2 bi...
Rep. Randy Neugebauer (R., Texas) Tuesday called for a hearing to look into trading at J.P. Morgan Chase & Co. (JPM) that caused a more than $2 billion loss at the f...
A U.S. Senate panel plans a new round of hearings on the Dodd-Frank financial overhaul law, giving lawmakers the chance to probe regulators on the massive trading lo...
Sen. Bob Corker (R., Tenn.) called on Friday for a congressional hearing on the events surrounding J.P. Morgan Chase & Co.'s (JPM) $2 billion trading loss.Corker, a ...
Private investors in the U.S. mortgage-securities market would likely be hesitant to take on the loans currently handled by mortgage finance companies Fannie Mae (FN...
Senate Banking Committee Chairman Tim Johnson on Tuesday warned the U.S. Export-Import Bank could be forced to stop operations in two months unless the Senate quickl...
Bigger battlefield for Senate control, new winners and losers in new round of culture wars and is Biden looking for a promotion?
Mike Emanuel reports from the Capitol
FBN’s Lou Dobbs on the politics behind the gun control debate in Washington.
Federal Reserve Chairman Ben Bernanke faced questions from lawmakers Tuesday on the central bank's response to the still-lethargic U.S. economy, the Fed's controvers...
Senator Mike Crapo, (R-ID), on his priorities as the head of the Senate Banking Committee.
Radio talk show host Hugh Hewitt and FNC contributor Julie Roginsky on the debate over raising the debt ceiling.
