New financial regulations could squeeze small banks out of the mortgage market.
FORTUNE – For all the gripes on Wall Street over how heavily financial reforms stemming from the financial crisis will eat away at profits, the little banks on Main Street may end up hurting most.
In the latest criticisms over new international banking rules, Federal Reserve Governor Elizabeth Duke recently suggested that regulators consider separate rules for the more than MORENin-Hai Tseng, Writer - Nov 14, 2012 11:29 AM ET
Wall Streeters say Obama's second term will be the death knell for small banks.
FORTUNE -- Do we need to worry about Too Small to Survive?
Now that President Obama has been re-elected, analysts, consultants and dealmakers have turned from whether Dodd-Frank will be repealed to what it means for banks now that it's likely here to stay. The overwhelming conclusion: Thousands of small banks will soon disappear.
Emmett Daly, a Sandler O'Neill MOREStephen Gandel, senior editor - Nov 9, 2012 1:59 PM ET
We don't need the Volcker Rule. So let's finalize it.
By Rick Jones, contributor
In the world of magical realism that produced Dodd-Frank, I have had energy for only a bit of remote intellectual annoyance over the impact of the part of the Rule commonly known as "Volcker."
Among the joys of the Volcker Rule -- and there is much, much more here to celebrate or loath -- is a limitation on the ability of a MOREOct 17, 2012 4:27 PM ET
Since Dodd-Frank, small banks have grown more profitable.
FORTUNE -- In Wednesday's presidential debate, Mitt Romney said President Obama was both the banking industry's make out partner and grim reaper. Neither were meant as a compliment.
In a response to a question about regulation, Romney said Dodd-Frank, the set of banking reforms that Obama pushed for and Congress passed in the wake of financial crisis, was an example of a law that's MOREStephen Gandel, senior editor - Oct 4, 2012 4:16 PM ET
With the benefit of hindsight, the co-author of post-Enron's definitive financial reform has a change he wishes he could make.
By Becky Quick, contributor
FORTUNE – "No law is perfect." True words. But not exactly what I expected to hear from Mike Oxley, the former Republican congressman who penned the Sarbanes-Oxley legislation with former senator Paul Sarbanes, a Democrat. A decade after enactment of the eponymous regulation, created in response to MOREAug 22, 2012 5:00 AM ET
Revenue from the firm's own investments fell 90% in the second quarter.
FORTUNE -- It's no London Whale, but, like JPMorgan Chase, Goldman Sachs (GS) had its own trading flop.
Goldman's stock traders lost $112 million of the firm's own money in the second quarter. It's not even in the same tank, or really ocean, as JPMorgan's $5.8 billion loss, but it was a huge drop from the nearly $900 million in MOREStephen Gandel, senior editor - Jul 17, 2012 1:04 PM ET
JPMorgan Chase's CEO says his bank's hedges are safe.
Fortune -- In banking, it appears, the model is always risk on.
In Congressional testimony on Wednesday JPMorgan Chase's CEO Jamie Dimon spent a lot of time trying to prove to members of the Senate Banking Committee that the bulk of what his bank does - London Whale aside - is prudent. He said he believes in stress testing. And that he has MOREStephen Gandel, senior editor - Jun 13, 2012 3:45 PM ET
Elite money manager Paul Singer is a passionate defender of the 1% and a rising Republican power broker. He's determined to put a candidate who shares his views back in the White House.
By Michelle Celarier, contributor
FORTUNE -- As he gears up for the final stretch in the marathon that is the Republican nomination campaign, Mitt Romney has no shortage of eminent financiers to call on -- for advice or money. MOREMar 26, 2012 5:00 AM ET
Updated March 22 11:45 AM
For foreign banks, Dodd-Frank might have an escape hatch.
FORTUNE -- Foreign banks may have come up with a way to remain eligible for U.S. bailouts without having to follow some of the pesky rules that came out of the financial crisis, rules that were meant to prevent future taxpayer rescues.
Last month, German financial giant Deutsche Bank altered the legal structure of its U.S. operations so that MOREStephen Gandel, senior editor - Mar 21, 2012 7:40 PM ET
JPMorgan CEO Jamie Dimon says his bank, the U.S.'s largest, may still be too small to succeed.
FORTUNE - Jamie Dimon can't be contained, at least not by Dodd-Frank.
At JPMorgan Chase's (JPM) annual investor day on Tuesday, CEO Dimon said he plans to continue to grow his bank, which is already the largest in the nation by assets, despite regulations and recent suggestions that JPMorgan might be worth more broken up. MOREStephen Gandel, senior editor - Feb 28, 2012 5:23 PM ET
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Ron Paul: Bitcoin could 'destroy the dollar'|
|Pentagon to cut jobs, contracts by $1 billion|
|Top 10 U.S. cities for Chinese homebuyers|
|Apple completes key China Mobile deal - report|