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Banking & Finance

The latest coverage of the banking and financial sectors.

FILE - This Jan. 4, 2010 file photo shows an historic marker on Wall Street in New York. U.S. financial markets eased back from record highs in early trading Wednesday, Feb. 25, 2015.  (AP Photo/Mark Lennihan, File)

Wall Street regulator warns of 'Armageddon-type' cyberattack on U.S. banks

By Cheryl K. Chumley - The Washington Times

Leading Wall Street regulator Ben Lawsky, who heads up the New York Department of Financial Services, warned that the United States should be preparing for a massive cyberattack on banks -- that it's inevitable, and looming. Published February 26, 2015

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President Barack Obama gestures as he finishes speaking to members of the National Governors Association, Monday, Feb. 23, 2015, in the State Dining Room of White House in Washington. (AP Photo/Carolyn Kaster)

Obama blasts unscrupulous financial advisers

- The Washington Times

President Obama proposed regulations Monday that he said would prevent financial advisers from "bilking" middle-class savers by accepting hidden fees to promote weak investment funds.

Rep. Steve Israel of New York, who headed up House Democrats' campaign operation last year and now runs the Policy and Communications Committee, said Tuesday that his party had quickly regained its footing after taking a beating in the November elections. (Associated Press)

House Democrats, emboldened by GOP stumbles, rally around populist tax agenda

- The Washington Times

House Democrats are feeling emboldened as they head to their annual issues conference and a pep talk from President Obama in Philadelphia this week, relishing a series of stumbles by the Republican majorities in Congress and rallying around a populist tax-the-rich agenda that they are convinced will score points with voters.

President Obama, greeting Chief Justice John G. Roberts Jr. before delivering his the State of the Union address, as a member of the Senate in 2005 voted against confirming the justice who would deliver the decisive vote in favor of his health care act. (Associated Press)

Obama assails Supreme Court

- The Washington Times

A day after snubbing liberal activists who were pushing for tougher campaign-finance regulations, President Obama took a swipe at the Supreme Court Wednesday for its "wrong" ruling five years ago on the issue.

President Obama has now issued veto threats in three of his State of the Union addresses. (Associated Press)

Obama sets record for veto threats in State of the Union address

- The Washington Times

President Obama's State of the Union speech Tuesday set a record for most veto threats as he promised to nix legislation to tweak Obamacare, change the Dodd-Frank Wall Street legislation, undo his deportation amnesty, and approve stronger sanctions to punish Iran for its nuclear program.

Image: White House Photo, Pete Souza

Obama's State of the Union speech to include $320B tax hike proposal

- The Washington Times

Escalating his battle with congressional Republicans, President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday.

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