Donald Trump

Trump objections notwithstanding, Fed's Powell defends need for rate hikes

08/24/18

Federal Reserve Chairman Jerome Powell said the fundamentals of the U.S. economic expansion look strong and support the case for continued gradual interest-rate increases.

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Trump's earnings idea is a long shot, but don't dismiss it outright

08/17/18

The president's suggestion that public companies report financial results twice a year instead of quarterly might win nods of approval from CEOs, but it’s unlikely to fly with investors. Still, there’s room for reforms to reporting practices, some backed by prominent bankers.

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Tariffs on Chinese exports likely to hurt lenders' core clients

08/03/18

If President Trump’s tariffs on steel and other products stay in place long, big U.S. importers would be hurt and pass on the pain to their midsize and small-business suppliers — which are the bread and butter of commercial lending.

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The crisis isn't over

07/29/18

Ten years ago, it was a banking crisis, but it became a political one. That crisis never ended.

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Trump’s criticism of Fed a reminder central bank independence isn't guaranteed

07/19/18

It may be unprecedented, but it was hardly surprising. Still, it comes at a dangerous time for the Fed. Here’s why.

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Bank CEO's fire-and-rehire maneuver reaps windfall at taxpayer expense

07/19/18

A multimillion-dollar deal between Chicago Mayor Rahm Emanuel and Stephen Calk, the man who would later become Paul Manafort's banker, was supposed to deliver 400 new jobs to the city. Here's what really happened.

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Manafort mortgage bought bank CEO spot as Trump adviser: prosecutors

07/07/18

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

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Battle over control of CFPB is about to end

07/06/18

Leandra English, who sued President Trump and Mick Mulvaney last year claiming to be the rightful director of the CFPB, said Friday that she plans to resign and drop the litigation.

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Democrats stick by Waters for banking panel despite controversy

06/26/18

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election.

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Chaos atop CFPB could get worse after appeals court ruling

06/26/18

It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position.

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