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Cayne appears before financial crisis inquiry Jimmy Cayne, the former Bear Stearns chief executive, yesterday blamed market rumours and short sellers for precipitating the bank's demise in 2008, saying that [...]

Cayne appears before financial crisis inquiry Jimmy Cayne, the former Bear Stearns chief executive, yesterday blamed market rumours and short sellers for precipitating the bank's demise in 2008, saying his [...]

Lawmakers back 'orderly liquidation' Republicans warn of disagreements The US Senate backed a new 'orderly liquidation' process to wind down a failing systemically important company in the most concrete bipartisan [...]

Failure driven by 'irrational' market Crisis inquiry panel questions reasoning Bear Stearns' former executives yesterday blamed market rumours for the demise of the investment bank in 2008, an event that [...]

Jimmy Cayne came to personify Bear Stearns, the bond trader that he built into a legitimate top-tier investment bank, writes Tom Braithwaite . Born in Evanston, Illinois, in 1934, he [...]

News analysis Moves to limit regulatory authority come amid fears of 'endless bail-outs', writes Tom Braithwaite Senators and regulators moved yesterday to narrow the power to wind down large interconnected [...]

News analysis Moves to limit regulatory authority come amid fears of 'endless bail-outs', writes Tom Braithwaite Senators and regulators yesterday moved to overhaul a proposed authority to wind down large [...]

Target seen as 'political stunt' Senators attack timing of the plan Tim Geithner, US Treasury secretary, faced tough questions about the Obama administration's proposed $90bn bank tax yesterday, with one [...]

Members of Congress are calling on the Department of Justice to investigate Goldman Sachs' peers, adding to the industry's trouble on Capitol Hill, where politicians will use anti-banker sentiment this [...]

Senate bill The president of the St Louis Fed is calling for 'credible' solutions, write Tom Braithwaite and James Politi Federal Reserve presidents have been quietly lobbying members of Congress [...]

St Louis chief fears for independence Credibility of 'bank funerals' questioned A senior Federal Reserve official said the financial reform bill being considered by the US Senate would result in [...]

Fears grow over draconian changes Moderates to take aim at Volcker rule Senate Democrats and Republicans drew the battle lines for financial regulatory reform yesterday, drafting radically different amendments and [...]

Republicans agreed yesterday to allow a Senate debate to begin on a financial reform bill as Democrats signalled their willingness to scrap plans to charge big financial companies $50bn to [...]

Democrats agree to make fund changes Obama expresses delight at move US Democrats agreed to changes to a $50bn resolution fund at the heart of the financial regulation bill yesterday, [...]

'Filibuster' mystifies senior Democrat Ohio senator says he will back debate Republicans blocked a financial regulation bill for the third consecutive day yesterday, but cracks have emerged in the party's [...]

News analysis The senator's stance may help Berkshire Hathaway - a big donor to his campaigns - writes Tom Braithwaite Republicans blocked a financial regulation bill in the Senate for [...]

Senate goes back to negotiating table Vote leaves Obama 'disappointed' Republicans delayed a financial regulatory bill on Monday, sending senators back to the negotiating table where they will try to [...]

Trading desks spin-off envisaged Mood galvanised by Goldman case Democrats have agreed a forceful stance on derivatives that could make banks spin off trading desks but some aides from both [...]

Reforms Discussions on the best way to secure the global financial system are off to a rocky start, writes Tom Braithwaite The US is preparing to pivot from domestic regulatory [...]

The world's leading economies yesterday agreed to disagree for the moment on contentious plans to tax banks to fund future financial rescues. The proposal for a levy on banks' balance [...]

The world's leading economies yesterday agreed to disagree for the moment on contentious plans to tax banks to fund future financial rescues. The proposal for a levy on banks' balance [...]

There was little sign ahead of this weekend's meetings of the International Monetary Fund of consensus in a dispute between leading countries over plans to tax banks to fund future [...]

President reviles sector attempts to block bill President Barack Obama urged a Wall Street audience that included Lloyd Blankfein of Goldman Sachs to stop opposing financial reform ahead of the [...]

President attacks lobbyists' campaign Groups 'bilking people' will be hurt Barack Obama urged a Wall Street audience that included Lloyd Blankfein of Goldman Sachs to stop opposing financial reform ahead [...]

Senate politics Chris Dodd, chairman of the Senate banking committee, said he was unwilling to make significant changes to a proposed consumer financial protection bureau but could give up a [...]

Fresh from his victory on healthcare, Barack Obama will travel to New York today to outline his vision for a new financial system in a speech that the White House [...]

Democrats consider other concession Chris Dodd, chairman of the Senate banking committee, said he was unwilling to make significant changes to a proposed consumer financial protection bureau, but could give [...]

Hopes rise that a deal can be reached Legislation to hit Senate floor in days Republicans toned down their opposition to a financial regulation bill yesterday as lawmakers restarted talks [...]

banks Schapiro tells of lack of resources Fuld is grilled by lawmakers Mary Schapiro, chairman of the Securities and Exchange Commission, yesterday acknowledged that her agency had been ill-equipped to [...]

banks Claim made at hearing in Congress Geithner pledges to curb risk-taking Democrats in the US cited the damaging demise of Lehman Brothers as a reason for financial regulatory reform, [...]

Dodd prepared to alter funding plan Talks to win over some Republicans A long-awaited US financial regulation bill is expected to hit the Senate floor as soon as tomorrow as [...]

An unrepentant Dick Fuld, the former chief executive of Lehman Brothers, will today portray the bank as the victim of the financial crisis and argue that a court-appointed examiner into [...]

Where is the overhaul of financial regulation? A reform bill is expected to hit the Senate floor as soon as tomorrow, launching the final debate on the contested bill. Democrats [...]

Dick Fuld, the former chief of Lehman Brothers, will argue today that a court-appointed examiner 'distorted' facts about the bank's collapse at a congressional hearing that also puts the spotlight [...]

Lawmakers seek more transparency Bill due within days in the Senate Tim Geithner, US Treasury secretary, stiffened his call for derivatives reform yesterday as lawmakers and officials used allegations that [...]

US public demands to see blood-letting Politicians highly sensitive to anger With the political focus on Wall Street days before a financial regulation bill lands on the Senate floor, the [...]

Chairman leads call for budget overhaul Agency to gain responsibilities Mary Schapiro, chairman of the Securities and Exchange Commission, and five of her predecessors yesterday exhorted Congress to grant self-funding [...]

IIF takes aim at response to crisis Capital flows to emerging markets are near the levels reached before the financial crisis but concern over tighter monetary policy is restricting their [...]

'Bail-out' charge sours debate Barack Obama, president, met Republican leaders to discuss financial regulatory reform yesterday but the meeting did nothing to improve the tone of an increasingly bitter debate. [...]

Positive signs for bipartisan bill Concessions sought on derivatives rules Republicans on the Senate banking committee believe financial regulation reform has a '100 per cent chance' of passing this year, [...]

Republicans on the Senate banking committee said financial regulation reform has a '100 per cent chance' of passing this year in the most positive sign yet for a bipartisan bill. [...]

Kenneth Feinberg, the Obama administration official who oversees pay packages at bailed-out companies, yesterday rejected accusations he had sparked a 'brain drain' by his edicts to cut compensation. Issuing new [...]

Bill approved by Senate committee Tim Geithner, US Treasury secretary, warned lawmakers yesterday that 'America will lose this opportunity to set the global agenda' on financial regulation if Congress fails [...]

Feinberg writes to 419 recipients of bail-outs Ken Feinberg, the special master for pay in Barack Obama's administration, is launching a fresh review of bonuses paid by banks including Goldman [...]

Republican threats to sue deepen partisan rift Democrats hope win will help in mid-terms President Barack Obama is expected to sign landmark healthcare reforms into law today after a victory [...]

Horsetrading secures narrow win Republicans pledge to continue fight President Barack Obama is expected to sign landmark healthcare reforms into law today after a victory in Congress that has re-energised [...]

Chris Dodd, chairman of the Senate banking committee, wants congressional auditors to look at whether the Chinese wall between analysts and investment bankers should be reinforced rather than relaxed, according [...]

US legislators query accounting strategy Regulators must also give evidence Lehman Brothers' chief executive and regulators face a testing congressional hearing into the bank's collapse next month after a report [...]

DoJ asked to probe bank's accounting Focus on financial fraud increases Chris Dodd, chairman of the Senate banking committee, has called on the justice department to investigate alleged accounting wrongdoing [...]

Former Fed chief defends his record Alan Greenspan will today offer his most sophisticated defence so far of his role as chairman of the Federal Reserve in the build-up to [...]