Geithner Omits Cost of Success in ‘Stress Test’
What Tim Geithner doesn't entirely convey in his new book is that success came at a steep price.
Senators Vow More Work on Housing After Voting to Wind Down Fannie, Freddie
Members of the Senate Banking Committee said they’d keep working to overhaul the housing finance system after casting a narrow vote to advance the bill.
Lifetime Income Projections Useful, but Workers Not Surprised by Outcome: EBRI
More than 81% of workers said they would continue to contribute at their current rates after hearing their projected monthly income amount.
Congressional Hearing Tackles Long-Term Care Funding Woes
“Our current system of providing long-term care is unsustainable for both the government and for families,” Sen. Ben Nelson warned.
Post Office Proposes to Offer ‘Financial Services’
The Postal Service says it has assets to serve the underbanked, boost its own money-losing operations and benefit banks through partnerships.
Are Asset Managers Now Too Big to Fail?
Dodd-Frank comes under renewed criticism, including from one of its authors, as some regulators want to declare the likes of BlackRock "systemically important."
Yellen: QE Will Continue, but Not ‘Forever’
At her confirmation hearing, Janet Yellen said there were “dangers” in ending quantitative easing too early as well as in “continuing it too long.”
At Kickoff of Schwab Impact, Optimism Over the Government. Really.
Potomac Research Group’s Greg Valliere expects no repeat of the government shutdown fiasco, and lists three reasons why he’s optimistic about the government.
Give Us Tougher Financial Reform, Americans Say
Nearly five years after the financial crisis and three years since passage of the Dodd-Frank Act, Americans across lines of race, age, geography and political affiliation who “strongly” support tougher rules for Wall Street jumped 10 percentage points over those favoring such reform last year, according to a study by...
Retirement Pros Weigh In on DOL’s Lifetime Income Plan
DOL’s plan would require that lifetime income illustrations be given to participants in defined contribution plans, such as 401(k)s and 403(b)s.