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Today: March 20, 2025
Today: March 20, 2025
Pete Schroeder

Pete Schroeder

Staff Writer

Latest From Pete Schroeder

Business|Finance|US

Capital One, community groups square off in public meeting on Discover deal

Capital One CEO Richard Fairbank and other executives went head-to-head with critics of its Discover Financial Services deal at a public

Capital One, community groups square off in public meeting on Discover deal
News|US

US Fed fines Green Dot $44 million for numerous unfair and deceptive practices

The U.S.

US Fed fines Green Dot $44 million for numerous unfair and deceptive practices
Election|News|US

A Harris presidency would carry baton on financial industry crackdown

A potential Democratic administration led by Vice President Kamala Harris would likely advance President Joe Biden's agenda of tough

A Harris presidency would carry baton on financial industry crackdown
Business|Finance|US

US bank regulator looks to tighten control of asset managers' bank stakes

A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock and Vanguard can prove they are not influencing banks

US bank regulator looks to tighten control of asset managers' bank stakes
Business|Economy|News|US

Customers Bancorp hit with Fed action for risk-management deficiencies

The U.S.

Economy|News|US

US capital hikes and other Wall Street bank rules now hinge on US election

U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and

US capital hikes and other Wall Street bank rules now hinge on US election
News|US

US Fed sets large bank capital levels after stress tests, eases on Goldman's level

The U.S.

US Fed sets large bank capital levels after stress tests, eases on Goldman's level
Economy|Finance|US

Fed seeks feedback on emergency lending operations

The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending to banks

Fed seeks feedback on emergency lending operations
Business|Economy|Finance|Political|US

Trump says he'll nominate Bill Pulte to run Fannie, Freddie regulator

U.S. President-elect Donald Trump said on Thursday he would nominate Bill Pulte to be the next director of the Federal Housing Finance Agency (FHFA).

Trump says he'll nominate Bill Pulte to run Fannie, Freddie regulator
Business|Economy|Finance|US

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays

The Federal Reserve's regulatory chief on Tuesday outlined a plan to raise big banks' capital by 9%, significantly easing an earlier proposal after intense Wall

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays
Business|Economy|Finance|US

Details of new US bank capital rules still uncertain with election looming

U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with

Details of new US bank capital rules still uncertain with election looming
Business|Finance|Stock Markets|US

Wall Street ends higher, gold hits record ahead of rate cuts

Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Wall Street ends higher, gold hits record ahead of rate cuts
Business|Finance|Stock Markets|US

Prospect of steeper Fed cuts boosts stocks, drives record gold prices

U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its

Prospect of steeper Fed cuts boosts stocks, drives record gold prices
Business|Economy|Finance|US

US Senator Warren asks regulator to impose growth curbs on Citi

A prominent Democratic U.S. senator called on a top regulator on Wednesday to impose growth restrictions on Citigroup as the Wall Street bank struggles to fix

US Senator Warren asks regulator to impose growth curbs on Citi
Finance|Stock Markets|US

US regulator, financial industry monitoring impact of Hurricane Milton on investors, capital markets

The Securities and Exchange Commission and a top financial industry group said they were closely monitoring the impact of Hurricane

US regulator, financial industry monitoring impact of Hurricane Milton on investors, capital markets
Business|Economy|Finance|US

Kamala Harris win may boost US effort to rein in 'junk fees' levied on consumers

A crackdown by the U.S. consumer finance watchdog on hidden or excessive financial fees could expand to target billions of dollars in

Kamala Harris win may boost US effort to rein in 'junk fees' levied on consumers
Business|Economy|Finance

Global markets may be underestimating geopolitical risks, IMF says

Near-term global financial risks are contained, but monetary policy easing could fuel asset price bubbles and markets might be underestimating risks posed by

Global markets may be underestimating geopolitical risks, IMF says
Business|Economy|Finance

Basel chief urges nations to complete capital rules as U.S. regulators remain deadlocked

The chair of the Basel Committee on Banking Supervision (BCBS), the

Basel chief urges nations to complete capital rules as U.S. regulators remain deadlocked
Business|Economy|Finance|MidEast|Stock Markets

Bankers see tepid investments due to uncertainty over US elections, geopolitics

Questions about the direction of the United States and wars in Ukraine and the Middle East are making investors cautious, bank executives

Bankers see tepid investments due to uncertainty over US elections, geopolitics
Election|US

US counties Wall Street will watch closely on election night

With Republican Donald Trump and Democrat Kamala Harris locked in a dead heat in the race for the White House, political forecasters will be eyeing a clutch of

US counties Wall Street will watch closely on election night
Business|Finance|US

Robinhood attorney, Republican regulators being considered for Trump financial agency short list

Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank

Robinhood attorney, Republican regulators being considered for Trump financial agency short list
Business|Finance|US

Wall Street drafts Trump wish lists over bank capital, SEC regulation

The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump's incoming

Wall Street drafts Trump wish lists over bank capital, SEC regulation
Business|Economy|Election|Finance|Stock Markets|US

Wall Street bankers temper optimism a week after Trump victory

As Wall Street financiers gathered in downtown Manhattan on Wednesday, their optimism about President-elect Donald Trump's deregulatory agenda

Wall Street bankers temper optimism a week after Trump victory
Business|Economy|Finance|US

US consumer watchdog facing curbs, scrutiny following Trump win

Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S.

US consumer watchdog facing curbs, scrutiny following Trump win
US

US bank regulator Gruenberg to retire in January, clearing way for Trump picks

Federal Deposit Insurance Corporation Chairman Martin Gruenberg will retire effective Jan. 19, he told colleagues on Tuesday, clearing the way for Republican

US bank regulator Gruenberg to retire in January, clearing way for Trump picks

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