Donald Trump

Trump drops plan to nominate Herman Cain for Fed after GOP balks


President Trump said he won't nominate Cain for a seat on the Federal Reserve Board after opposition from his own Republican party appeared to sink the former pizza company executive's hopes for Senate confirmation.


The UBS banker in the Mueller Report: Robert Foresman


The special counsel’s long-awaited report describes three separate occasions in which Foresman, vice chairman of the Swiss company’s investment bank, had Trump-related contacts with Russians.


House Democrats subpoena Deutsche Bank, others amid Trump probe


Congressional Democrats issued subpoenas to Deutsche Bank and other banks to obtain long-sought documents indicating whether foreign nations tried to influence U.S. politics.


Cain lacks GOP support for Fed seat if Democratic foes unite


A fourth Senate Republican said he'd vote against businessman Herman Cain joining the Federal Reserve Board, all but sinking any chances that he'd get through the confirmation process if Democrats stay united in their opposition.


American Banker scores 11 major journalism awards


American Banker won 11 journalism awards during the past week, including its first Grand Neal, the highest of the honors announced at this year's Jesse H. Neal business journalism awards.


Trump directs Treasury, HUD to develop GSE reform plan


As lawmakers discuss reform legislation, the president’s memo calls on agencies to draft both administrative and legislative reform options and deliver their reports “as soon as practicable.”


Fed 'independence' is a slippery slope


The role of the central bank has changed over the decades, but presidential pressure on the Fed has been a constant.


Trump loan probe casts spotlight on a small New Jersey lender


A new line of inquiry into President Trump's business dealings is thrusting small New Jersey lender Investors Bancorp into a spotlight with Deutsche Bank, which for years has been better known as the real estate mogul's creditor of choice.


Waters to seek whatever needed in Trump-Deutsche Bank probe


House Financial Services Committee Chairwoman Maxine Waters said she has advised her staff to seek whatever information it needs in investigating Deutsche Bank's ties to President Trump's businesses.


Another political storm is brewing for big banks


The 2020 Democratic presidential candidates are far more emboldened to offer radical reforms to the financial system than their predecessors — reforms that could ultimately take hold if one of them wins.