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Pete Schroeder

Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

7:28am IST

WASHINGTON A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.

Senate approves full term for Fed's Bowman

12 Sep 2019

WASHINGTON The U.S. Senate voted on Thursday to confirm Federal Reserve Governor Michelle Bowman to a full 14-year term.

Overhaul Fannie and Freddie or we will act, Trump administration tells Congress

10 Sep 2019

WASHINGTON The Trump administration will pursue the reform of mortgage giants Fannie Mae and Freddie Mac , the guarantors of over half the nation's mortgages, if Congress fails to act, officials told Congress on Tuesday.

Trump administration to defend Fannie, Freddie overhaul before U.S. Congress

10 Sep 2019

WASHINGTON, Sept 10 U.S. lawmakers on Tuesday will question Trump administration officials on their plan to release mortgage giants Fannie Mae and Freddie Mac, which guarantee over half the nation's mortgages, from government control more than a decade after they were bailed out during the 2008 financial crisis.

UPDATE 2-Mnuchin hopes for congressional support for U.S. housing reforms within 6 months

09 Sep 2019

WASHINGTON, Sept 9 U.S. Treasury Secretary Steven Mnuchin said on Monday the Trump administration would take administrative measures to overhaul mortgage giants Fannie Mae and Freddie Mac if it failed to secure congressional support for its plan within six months.

Factbox: What's in the Treasury's housing finance report?

07 Sep 2019

The Trump administration has released a report laying out its vision for overhauling Fannie Mae and Freddie Mac, which guarantee over half of all U.S. mortgages and have been under government control since their bailout during the 2008 financial crisis.

Trump administration unveils Fannie, Freddie overhaul, urges Congress to act

06 Sep 2019

WASHINGTON The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalising mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen a comprehensive housing reform that would allow them to be safely freed from government control.

Fannie, Freddie and the government: it's complicated

06 Sep 2019

WASHINGTON The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury's holdings in the two firms.

U.S. Treasury calls for recapitalizing Fannie, Freddie in long-awaited overhaul plan

06 Sep 2019

WASHINGTON, Sept 5 The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen comprehensive housing reform that would allow the pair to be safely freed from government control.

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