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ChartIQ Intros Post-Trade Visualization For Trade Reconstruction
Thursday, February 6, 2020 - 4:22pm | 309ChartIQ, a software company for data visualization and charting, formally announced the introduction of Post-Trade Visualization, a solution for increased order transparency and compliance. “In the aftermath of the financial crisis, companies invested billions of dollars preparing for...
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Wells Fargo CEO Tim Sloan Discusses Raise, Auto Sanctions, Dodd-Frank Rollback And Cryptocurrency In Detroit Visit
Thursday, March 15, 2018 - 5:12pm | 1566It hasn't been a great week for Wells Fargo & Co (NYSE: WFC). The firm caught negative headlines around CEO Tim Sloan’s $4.6 million raise as well as new federal sanctions for commissions on auto insurance policies. At a visit with the Detroit Economic Club Thursday afternoon, Sloan...
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Trump's Treasury Department's First Crack At Banking Reform Looks Pretty Positive, If You're A Bank
Tuesday, June 13, 2017 - 2:49pm | 494The U.S. Treasury has issued its first of four reports on the state of financial regulations in the U.S. Tuesday, and the report sheds some light on just how favorably the Trump administration intends to treat the banking sector. The Treasury made a number of recommendations of ways to modify...
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Dodd-Frank, Financial Regulatory Reform Might Take At Least A Year
Wednesday, May 24, 2017 - 11:57am | 433Bank investors hoping financial deregulation will open the door for a new golden era of banking in the near future will likely have to be patient and keep expectations in check. Material changes to banking regulations will not be implemented for at least 12 more months, Height Securities analyst...
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7 Things You Need To Know About Dodd-Frank's Potential Replacement
Thursday, April 20, 2017 - 1:19pm | 489The Financial Select Sector SPDR Fund (NYSE: XLF) is up 1.28 percent on Thursday after the House of Representatives unveiled a proposed Dodd-Frank Act replacement bill called the Financial Choice Act. The Dodd-Frank Act was passed in 2010 and intended to increase federal oversight of the U.S....
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Q1 Earnings Kick Off: Can Big Banks Reignite Sagging Rally In The Space?
Tuesday, April 11, 2017 - 1:29pm | 753The financial space, which capitalized on President Donald Trump's election, banking on his promise of deregulation, has had a lukewarm first quarter. The Financial Select Sector SPDR Fund (NYSE: XLF) is up merely 0.9 percent compared to a 5.29 percent advance by the S&P 500. However, since...
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Wells Fargo Brass Join Ranks Of Execs Seeing Compensation Cuts
Wednesday, March 1, 2017 - 4:24pm | 484After a scandalous 2016 that did significant damage to Wells Fargo & Co's (NYSE: WFC) reputation, the big bank is continuing with its damage control by dialing back its executive compensation. Last year, Wells Fargo paid a $185 million settlement related to opening fraudulent accounts in...
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Dodd-Frank On The Chopping Block: Why Were Provisions Introduced And Why Are They Getting Cut?
Friday, February 3, 2017 - 4:51pm | 1021The Dodd-Frank Act has earned the disdain of the Republicans ever since it was enacted. The collective opposition to the regulation was exemplified in President Donald Trump's statement that said the Dodd-Frank Act is a disaster. The president said he soon plans to do a "big number" on the 2010...
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15 Things We'll Miss About The Obama Administration
Thursday, January 19, 2017 - 12:56pm | 537Barack Obama, the 44th president of the United States, will hand over the reins to Donald Trump on Friday. 15 Things We'll Miss Though one may not entirely agree with all the policies of Obama, here are the few things we’ll miss about the Obama administration: Obama entered office during the...
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The Dow At 20,000: Does It Mean Anything?
Wednesday, December 14, 2016 - 3:25pm | 663The post-election stock market rally has propelled the Dow Jones Industrial Average to new highs. Tuesday’s intra-day peak of 19,953.75 is just a stone’s throw away from 20,000. But does Dow 20,000 hold any real significance? El-Erian Weighs In Mohamed El-Erian, chief economic...
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Kevin O'Leary Talks Interest Rates And His Bearishness On Financials
Tuesday, December 6, 2016 - 4:31pm | 293Investor, businessman and TV personality Kevin O'Leary recently visited Benzinga's headquarters in Detroit, Michigan, to partake in Benzinga's initial Leadership Series event. Among several topics, including the first steps to take as an entrepreneur, O'Leary delved into...
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Why Trump's Election May Have Caused An Executive Exodus At The SEC
Monday, November 28, 2016 - 2:42pm | 373Within a week of Donald Trump's surprise election to the highest office in the land, SEC Chair Mary Jo White announced her plans to depart the agency at the end of the Obama administration. Within about a week, three other high ranking officers at the SEC announced that they, too, would be...
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Federal Reserve Gives Final Time-Extension For Banks To Conform To The Volcker Rule
Friday, July 8, 2016 - 11:02am | 264The U.S. Federal Reserve announced on Thursday that its Board of Governors extended the deadline for financial institutions to comply with the Volcker Rule until July 21, 2017. The Volcker Rule is a section of the Dodd–Frank Wall Street Reform and Consumer Protection Act that restricts U.S. banks...
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Should Banks Be 'Praying' For Regulation?
Wednesday, June 1, 2016 - 10:53am | 299Josh Brown, aka "The Reformed Broker" is a fan of banking regulation to the point where he suggested that Wall Street banks "should get down on their knees and pray for regulation." Brown commented on a recent Wall Street Journal report which detailed how banks are dealing...
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Wall Street Displeased With Trump's Call To Denudate Dodd-Frank Law
Thursday, May 19, 2016 - 2:24pm | 520U.S. banking lobbyists disagree with presidential candidate Donald Trump's call to scrap President Barack Obama's Dodd-Frank law, despite Trump's justification (and some shared sentiments) that the law is overly burdensome, according to a Reuters report. The Dodd-Frank law, which was enacted after...