In a town where buck-passing, deflecting, and spinning is standard fare, our Treasury Secretary stands above all others. Fortune found out firsthand.
By Adam Lashinsky, senior editor-at-large
FORTUNE -- I interviewed Jacob Lew, President Obama's second Treasury Secretary, last Thursday. A few nights earlier I asked a roomful of businesspeople if anyone could name the man who runs fiscal policy for the world's only superpower. No one could. And so I MOREAug 27, 2013 5:00 AM ET
Citigroup released a cumbersome, jargon-filled, 101-page earnings announcement. How can Washington possibly regulate entities like this?
FORTUNE -- You would think that a well-researched and insightful book about the Washington legislative process would have nothing in common with a big bank's quarterly earnings news release. But you'd be wrong.
If you read the two documents almost back to back -- as I've done recently -- you discover that the book and the MOREAllan Sloan, senior editor-at-large - Jul 19, 2013 5:00 AM ET
For every new rule aimed at curbing bank fees, another added cost for consumers will surely follow.
FORTUNE – By solving one problem, U.S. financial regulators may have unknowingly created others they may need to tackle.
On Tuesday, a government agency tapped to be the voice of consumers criticized U.S. banks for a range of practices, from confusing rules on overdraft fees to a plethora of other bank fees. "We are concerned MORENin-Hai Tseng, Writer - Jun 12, 2013 12:08 PM ET
Dodd-Frank requires banks to disclose a new measure of the riskiness of their loans and investments. Goldman is the only big bank still refusing to do it.
FORTUNE -- How risky is Goldman Sachs? Don't ask. Executives won't tell you.
On a conference call with analysts on Tuesday to announce first-quarter earnings, which beat expectations but still somehow disappointed, Goldman's CFO Harvey Schwartz was asked about a key measure that tracks how MOREStephen Gandel, senior editor - Apr 17, 2013 5:00 AM ET
A small Fed tax will do little to rein in big banks.
FORTUNE -- For the big banks, the Federal Reserve's stick remains pretty rubbery.
When Dodd-Frank, the banking reform law passed in the wake of the financial crisis, was originally envisioned, co-author Congressman Barney Frank, members of the Obama administration, and others believed the new rules would encourage banks to shrink by making it too expensive to remain big. That, they MOREStephen Gandel, senior editor - Apr 16, 2013 5:00 AM ET
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
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