Geithner: Europe Crisis Is Biggest Threat to U.S. Economy
Treasury Secretary Timothy Geithner discussed with lawmakers on Wednesday a number of issues, from the success of financial reform to the European crisis to the SEC's attempt to overhaul money-market funds.
Top 7 Reasons Dodd-Frank Is Working: Treasury
A Treasury official laid out on Thursday the reasons why the Obama administration believes the Dodd-Frank Act is providing a “sound foundation” to get the economy back on track.
Dodd-Frank Should Not Be Repealed: House Hearing Consensus
While they had many complaints about the Dodd-Frank Act, all of the financial services representatives testifying at a House Financial Services hearing stopped short of saying the law needs to be repealed.
New Hire Roundup: Putnam Adds Three; Wagner Retires From BlackRock, Joins Board
This week in new hires, David Scheetz, Edward Deeds and James Axford joined Putnam Investments; and Susan Wagner retired as vice chairwoman of BlackRock and was named to its board.
Unfinished Business: Dodd-Frank’s Many Questions
On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act, known as Dodd-Frank, into law. Two years on, uncertainty abounds about the legislation’s meaning and impact.
Why the Financial Crisis Can Happen Again: News Analysis
More than four years after the financial crisis began, could it all happen again? Has Wall Street changed its ways? How about Washington?
SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’
SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.
SEC’s Plaze Defends Need for Money-Market Fund Reforms
Money-market fund reform “is one of the areas of unfinished businesses” leftover from the 2008 financial crisis, Robert PLaze told mutual fund directors at their annual policy conference.
European Concerns Dominate Senate Banking Hearing
The Senate Committee on Banking, Housing and Current Affairs heard testimony from three experts on the state of the financial situation in Europe on Thursday, and sought answers to additional questions as members explored how the U.S. might be exposed to the eurozone debt crisis.
SEC's Schapiro: More Money Market Reforms Coming
The Securities and Exchange Commission plans to issue a proposed rule on money market funds 'in very short order,' said SEC Chairman Mary Schapiro on Monday, which would reduce the funds’ susceptibility to runs.