Venezuela Star
VenezuelaStar.com Friday 30th July 2010 Volume 8/0211
  • More Breaking Business News

  • Terminal 3 opened at Indira Gandhi International Airport
  • June quarter GDP comes in lower than expected
  • Google returns its servers to China
  • Italian parliament passes austerity bill
  • Iraqi power stations to be built by French firm
  • Oil ventures being set up between Italy and Egypt
  • Toyota forced to recall high-end vehicles
  • Facebook forced to deal with another privacy issue
  • Chinalco and Rio Tinto in joint venture
  • Bangladesh sets new minimum wage for garment workers
  • Protesters gather at Fiat Mirafiori plant
  • Greek truck drivers get back to work order from government
    Get Breaking Business News headlines emailed to you daily.

    US bank regulation bill about to be unveiled
    Venezuela Star
    Monday 15th March, 2010  


    A new bill to tighten regulation of US banks is unlikely to get a kind reception from some Republicans when it is unveiled on Monday.
    A new bill to tighten regulation of US banks is unlikely to get a kind reception from some Republicans when it is unveiled on Monday.

    The legislation, to be presented by Democratic Senator Christopher Dodd, chairman of the Senate Banking Committee, is expected to propose that the Federal Reserve be given extensive new powers to regulate commercial lenders.

    Legislation should also allow large failing banks or any other such financial company to be seized, with a new risk-controlling body to oversee and monitor any emerging threats to the financial sector.

    Some Republicans on Senator Dodd’s committee recently withdrew backing for the bill, indicating they needed more time to give it consideration.

      Email this story to a friend

    Have your say on this story

    Your nickname (optional)
    Message