Craig Torres

November 12, 2008 | Daily Report Online

By Craig Torres

5 minute read

May 18, 2009 | Daily Report Online

U.S. regulators are arguing over how much influence the government should wield over bank management, pitting taxpayer protection against concern at roiling fragile financial markets. The clash intensified as supervisors completed stress test results on the biggest U.S. banks. Federal Deposit Insurance Corp. officials sought to make top executives and boards of directors of 10 banks accountable for raising more capital by November.

By Craig Torres

5 minute read

July 17, 2009 | Daily Report Online

Federal Deposit Insurance Corp. Chairwoman Sheila Bair, with support from Federal Reserve officials, is pushing for tougher measures to curb the size and risk-taking of the nation's largest financial firms. The FDIC will propose slapping fees on the biggest bank holding companies to the extent that they carry on activities, such as proprietary trading, outside of traditional lending.

By Craig Torres and Alison Vekshin

5 minute read

October 12, 2009 | Daily Report Online

By Craig Torres and Scott Lanman

7 minute read

January 29, 2010 | Daily Report Online

The Federal Reserve panel in charge of interest rates declared for the first time the U.S. economy is in "recovery" and took several steps to prepare investors for the removal of aggressive monetary stimulus.The Federal Open Market Committee Wednesday upgraded its economic outlook, reaffirmed it will end liquidity backstops and a $1.

By Craig Torres

4 minute read

March 19, 2012 | Daily Report Online

Not long after President Barack Obama picked Daniel Tarullo for a seat on the Federal Reserve Board, he sat down for the standard briefing with the staff and promptly turned the tables on them. Tarullo told them they had made mistakes in supervision, and he wouldn't defend their past actions. Later, he told Richard Shelby, the leading Republican on the Senate Banking Committee, he endorsed Shelby's view that regulators had fallen down.

By Craig Torres and Cheyenne Hopkins

10 minute read

March 15, 2012 | Daily Report Online

The resilience of the largest U.S. financial firms when tested against a recession more severe than the last one shows regulators have succeeded in pushing banks to build fortress-like balance sheets.The Fed said this week that 15 of 19 banks would be able to maintain capital levels above a regulatory minimum in an "extremely adverse" economic scenario, even while continuing to pay dividends and repurchasing stock.

By Craig Torres, Cheyenne Hopkins, Ian Katz

6 minute read

March 01, 2012 | Daily Business Review

The unemployment rate dropped to a three-year low in January, consumer confidence has surged and home sales have climbed. The Dow Jones Industrial Average Tuesday closed above 13,000 for the first time since 2008.

By Joshua Zumbrun and Craig Torres Bloomberg News

8 minute read

April 03, 2008 | Daily Report Online

By Craig Torres

5 minute read

September 22, 2009 | Daily Report Online

The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank's structure and governance, three people familiar with the matter said. The Obama administration proposed on June 17 a financial-regulatory overhaul including a "comprehensive review" of the Fed's "ability to accomplish its existing and proposed functions" and the role of its regional banks.

By Craig Torres and Robert Schmidt

5 minute read