His proposed financial regulations were deemed “disastrous" by a Republican senator.
The Federal Reserve official's surprise decision to step down in February raises questions about a key regulatory proposal targeted at the country's largest lenders.
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
Bank stocks added to their gains on Monday after a top federal banking regulator who was heading up an effort to raise capital requirements for the U.S.’s largest financial institutions abruptly resigned from his position while remaining a Federal Reserve Board governor.
JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter, it reported on Wednesday.
Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul other U.S. capital rules, according to industry executives.
Keefe Bruyette views the Federal Reserve’s Vice Chair for Supervision, Michael Barr, plan to step down on February 28 as a “strong catalyst”
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Banks' Q4 earnings could positively impact economy and set tone for 2025. Investors bet big on financials, hoping for regulatory tailwinds.
The Bank of England on Friday said it will delay key rules on bank capital for a year while the U.S. decides what to do, a sign of how the incoming Trump administration will impact financial regulation throughout the globe.
Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.
Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday. Equity markets have surged,