A federal court’s striking down of the government’s designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said. In a brief filed on Thursday …
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris Barnes, …
Democratic Congressman Barney Frank defended the nation’s largest bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase & Co. for the alleged misdeeds of Bear Stearns. Frank, the co-author of the 2010 …
Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil penalties under legislation introduced on Wednesday by U.S. Representative Barney Frank. The bill, Frank said, is aimed at protecting the …
U.S. Representative Barney Frank hit back at speculation Tuesday that his departure next year would undermine the sweeping Wall Street reform law he sponsored. Frank announced Monday he would not seek another term, prompting analysts to wonder how the landmark …
A number of insurance associations have issued statements recognizing the positive work the retiring U.S. Rep. Barney Frank (D-Mass.) has accomplished for the industry. Frank, 71, announced this week that he will not seek re-election in 2012, citing as a …
U.S. Democratic Representative Barney Frank, who helped to craft the landmark overhaul of financial regulations that bears his name, will not seek re-election in 2012, Democratic aides said Monday. Frank, one of the most outspoken liberals in Congress, will hold …
If Republicans make big gains in U.S. Congressional elections on Tuesday, as expected, Wall Street and big banks will have sweet, but incomplete, revenge on Democrats who drove through sweeping financial reforms against industry opposition. The likeliest outcome of Democrats …
Pricing Worries Persist “There are clear concerns surrounding pricing in this soft P/C insurance market. And, there appear to be indications that this market will persist over the nearer-term.” —Scott Marcello, of KPMG, which recently released a survey showing that …
Congress is on track to temporarily extend within days a troubled program that insures millions of U.S. homes and businesses against floods, with another push for a broad overhaul looking likely next year. The Senate on Tuesday approved an extension …
