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The Obama administration is planning to encourage private capital back into the mortgage market by reducing the supply and attraction of government guarantees even if Congress fails to pass housing [...]

The Obama administration is planning to encourage private capital back into the mortgage market by reducing the supply and attraction of government guarantees even if Congress fails to pass housing [...]

Political rivals pen duelling reports The bipartisan commission established to probe the causes of the 2008 financial crisis has split along party lines with its Republican members publishing a report [...]

Political rivals pen duelling reports The bipartisan commission established to probe the causes of the 2008 financial crisis has split along party lines, with its Republican members publishing a report [...]

A public affairs firm owned by WPP is facing scrutiny by the Department of Justice after it emerged that fraudulent letters were sent to regulators as part of a campaign [...]

The Obama administration's main mortgage modification scheme will help 700,000 to 800,000 homeowners - far fewer than expected, according to a watchdog. Ted Kaufman, chairman of the Congressional Oversight Panel [...]

Democratic critics of President Barack Obama's tax plan have conceded that legislation that retains tax cuts for wealthy Americans is likely to be approved by Congress this week, writes Tom [...]

Holbrooke has 21 hours of surgery Richard Holbrooke, the US special envoy to Afghanistan and Pakistan, was in a critical condition at a Washington hospital on Sunday after heart surgery [...]

Ron Paul, the newly empowered Federal Reserve watchdog in the House of Representatives, said the US was on the verge of a currency crisis brought about by monetary policy and [...]

Roundtable US chief executives set their sights on rolling back financial and healthcare reforms and forestalling environmental regulations on Wednesday after celebrating a White House-led deal on tax cuts, writes [...]

GENERAL FINANCIAL The US Treasury is closer to selling its huge stake in AIG, with a secondary offering worth up to $20bn in the first half of next year, after [...]

Roundtable US chief executives set their sights on rolling back financial and healthcare reforms and forestalling environmental regulations on Wednesday after celebrating the White House-led deal on tax cuts. The [...]

Republicans on Tuesday chose Spencer Bachus, a congressman from Alabama, as chairman of the House financial services committee, giving him the mandate to roll back Wall Street reforms. Congressional aides [...]

banks Banks have improved the structure of compensation packages but need to curb the size of employee bonuses, according to the Obama administration's former 'pay tsar'. The comments from Kenneth [...]

banks Move marks exit from $45bn bail-out The US Treasury is planning to sell its remaining shares in Citigroup today, exiting its $45bn bail-out of the bank at a profit [...]

banks Move will mark exit from $45bn bail-out The US Treasury plans to sell its remaining shares in Citigroup today, making an exit from its $45bn bail-out of the bank [...]

US regulators are pressing for strict definitions of proprietary trading activities to be banned under the Dodd-Frank financial reform law in a move that could anger bankers and some of [...]

Watchdog urges more transparency Industry surprised by charm offensive Elizabeth Warren, the US administration's consumer financial protection chief, is working on a deal with banks that would lead to more [...]

Barclays borrowed $232bn from facility Details likely to anger US critics of bail-out Barclays was among the biggest beneficiaries of the $3,300bn in emergency credit provided by the Federal Reserve [...]

OIL & GAS Feinberg optimistic sum will be ample US lawyer has paid out $2bn so far BP will have to pay out 'billions' in compensation to those affected by [...]

Gary Gensler has been lobbying Republicans to preserve a promised increase of funds for the Commodity Futures Trading Commission, which he chairs, as they weigh options for shaping the implementation [...]

Restructuring 'Government Motors' became General Motors again this week, 17 months after the Obama administration rescued the carmaker, fired its chief executive and pushed it through bankruptcy. Ron Bloom, who [...]

CARS Shares trade well above offer price Key step in Detroit carmaker's revival General Motors made a strong return to the stock market on Thursday, allowing President Barack Obama to [...]

CARS Shares close 3.6% above offer price Obama defends carmaker's rescue General Motors made a strong return to the stock market on Thursday, allowing US President Barack Obama to trumpet [...]

Ed Royce, a contender to become the new Republican chairman of the House financial services committee, has opened up the prospect of a deal with the Obama administration on housing [...]

Findings put back to January The Financial Crisis Inquiry Commission has delayed its report into the causes of the crisis amid rancour between members of the panel. Set up by [...]

General Motors has raised $20.1bn in one of the world's biggest initial public offerings, allowing the US government to slash its stake in the Detroit carmaker a year after its [...]

GENERAL FINANCIAL Guidelines on capital redeployment Banks hopeful of lifting dividends The Federal Reserve paved the way for the largest US banks to increase dividends and share buy-backs next year [...]

CARS The US Treasury is increasing the number of common shares it plans to sell in the General Motors initial public offering on Wednesday, potentially making it the biggest flotation [...]

General Motors is aiming to price its initial public offering as high as $33 a share, exceeding expectations and tempting the US Treasury to sell a bigger proportion of its [...]

Big banks could be thrown into 'turmoil' by litigation related to the foreclosure debacle, according to a panel of watchdogs, who urged the Treasury and Federal Reserve to conduct stress [...]

CARS Treasury tempted to sell bigger slice Underwriters express concerns General Motors is aiming to price its initial public offering as high as $33 a share, exceeding expectations and tempting [...]

Financial regulation Although the G20 is a year away from tighter rules for the biggest global banks, elements of America's own system are becoming clear, write Tom Braithwaite and Francesco [...]

Warner urges breaks for business Proposal to drop cuts for wealthiest The Obama administration is reviewing a compromise tax proposal by Mark Warner, the centrist Democratic senator, that would drop [...]

general financial News analysis A change in control of the House means pressure is rising to weaken the prohibition, writes Tom Braithwaite The US ban on proprietary trading known as [...]

Banks to continue bets with own capital Principal investments option to be used Wall Street groups will continue to invest billions of dollars in property and companies in spite of [...]

Banks to continue bets with own capital Principal investments option to be used Wall Street groups will continue to invest billions of dollars in property and companies in spite of [...]

general financial News analysis Volcker rule has proved a fighting point on regulatory reform, writes Tom Braithwaite The US ban on proprietary trading known as the Volcker rule has emerged [...]

Financial services New leadership of a powerful House committee heralds substantial changes in policy, writes Tom Braithwaite Battle has commenced over who will replace Barney Frank as chairman of the [...]

Ban on proprietary trading attacked 'Volcker rule' could see exodus, Bachus argues Spencer Bachus, a potential Republican chairman of the House financial services committee, has fired the first salvo in [...]

Spencer Bachus, the prospective Republican chairman of the House financial services committee, has fired the first salvo in a battle with regulators - warning them against harming US banks by [...]

BANKS The new regime of financial regulation will hit annual profits at the US's eight biggest banks by between $19.5bn and $22bn, according to one of the first assessments of [...]

The new regime of financial regulation will hit annual profits at the US's eight biggest banks by between $19.5bn and $22bn, according to one of the first assessments of the [...]

General Motors aims to raise about $10bn through its landmark public share offering to be launched on Tuesday, people familiar with the matter said. To drum up interest in the [...]

AIG, the insurance group bailed out by the US government in 2008, has raised almost $37bn by selling its Alico life insurance subsidiary and floating its AIA unit in Asia. [...]

insurance Proceeds to repay bail-out funds Company celebrates 'major milestone' AIG, the insurance group bailed out by the US government in 2008, has raised almost $37bn by selling its Alico [...]

General Motors aims to raise about $10bn ([pounds sterling]6.3bn) through its public share offering to be launched on Tuesday, people familiar with the matter said. To drum up interest in [...]

Democrats are intensifying efforts to relax Senate rules that require a 60-vote 'supermajority' to pass legislation as the party plans for a loss of seats in next week's midterm elections. [...]

A group of senators led by Carl Levin, the Democrat from Michigan, is pushing a new financial oversight council to adopt a strict ban on proprietary trading at banks. The [...]

Democrats are intensifying efforts to relax Senate rules that require a 60-vote supermajority to pass legislation as the party plans for a loss of seats in next week's congressional elections. [...]