Topic: Christopher Dodd

Senate drops plan to take small banks from Fed

WASHINGTON (Reuters) - The U.S. Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would preserve the Federal Reserve's supervision of thousands of smaller banks, reversing an earlier plan. The 90-to-9 vote was a victory for the ...

U.S. market plunge, Greece show need for regulation: Dodd

WASHINGTON (Reuters) - The U.S. stock market plunge last week and Greece's debt problems raised systemic risk issues and underscored the need for financial regulatory overhaul, Senate banking chairman Chris Dodd said on Sunday. "We need some answers pretty soon. This is ...

Top Senate Democrats near derivatives deal: sources

WASHINGTON (Reuters) - The two Democratic Senators charged with writing rules for the $450 trillion private swaps market are near a deal, and will include a provision to require banks to spin off swaps desks, people familiar with the talks said on ...

Top GOP senator, White House clash on financial reform

WASHINGTON (Reuters) - The White House said "yes we can" on financial regulatory reform on Tuesday, while the top Republican in the U.S. Senate said "no we won't." A bare-knuckles fight is coming in days ahead as the Obama administration and congressional ...

"Too big to fail" in crosshairs of reform debate

WASHINGTON (Reuters) - A Democratic lawmaker and top bank regulator on Monday defended legislative efforts that they say would end the perception that some firms are "too big to fail," challenging Republican complaints about the financial reform bills. The defense of the ...

Geithner sees Republican support on financial reform bill

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said Friday he believed the Senate was "very close" to a financial reform bill that protects consumers and limits financial company risk taking that will win Republican supporters. "We're very close on the substance," Geithner ...

Sen Dodd urges financial reform ahead of recess

WASHINGTON (Reuters) - Senate Banking Committee Chairman Christopher Dodd said on Friday that Congress "must not fail" to reform financial regulation and defended a bill approved this week by his committee. With the Senate about to adjourn for a two-week recess, Dodd, ...

Democrats aim at GOP split on financial reform

WASHINGTON (Reuters) - Democratic lawmakers dug in again on Thursday to break off just enough support from Republicans to keep an overhaul of the U.S. financial system moving in the Senate. The bill crafted by Senator Christopher Dodd, chairman of the Senate ...

Senate panel backs financial reform bill

WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Monday, approved landmark financial regulatory reform legislation, pushing the fight over the issue to the full Senate in April. The committee voted 13-10 along party lines to pass a 1,336-page bill, which will ...
Fresh from a landmark victory with Congress passing health care reform, the Obama administration set its sights Monday on sweeping reforms of Wall Street's "too-big-to-fail" banks. Treasury Secretary Timothy Geithner urged lawmakers to engage in the "just war" of reforming the banking ...
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