The New York Times | May 22, 2018
By Alan Rappeport and Emily Fliter
A decade after the global financial crisis tipped the United States into a recession, Congress agreed on Tuesday to free thousands of small and medium-sized banks from strict rules that had been enacted as part of the 2010 Dodd-Frank law to prevent another […]
The New York Times | May 22, 2018
The National Law Journal | April 23, 2018
By MP McQueen
Former hedge fund manager Justin Muzinich, now counselor to U.S. Treasury Secretary Steven Mnuchin and the Trump administration’s pick for deputy secretary, reported receiving more than $17 million in vested stock options, capital gains income and company salary, according to a financial disclosure released by the U.S. Office […]
Duke Today | April 3, 2018
By Colin Colter
Sarah Bloom Raskin speaks at the financial regulation panel held in the Duke in DC office. With her is Lee Reiners of Duke Law and Tom Quaadman. Photo by Colin Colter
Regulation cannot protect financial systems from all large market downturns, but building resilience into the system may dampen the shock, […]
The New York Times | April 2, 2018
By Alan Rappeport
President Trump on Monday will tap Justin Muzinich, a top aide to Treasury Secretary Steven Mnuchin, as the Treasury Department’s deputy secretary, a powerful role that includes overseeing a broad portfolio of policy matters like taxes, financial regulation, trade and economic sanctions.
The nomination fills a void […]
Duke Today | March 23, 2018
By Geoffrey Mock
Duke students lead the Duke Honor Council
For 25 years, Duke students have helped take the lead on maintaining classroom integrity. To recognize the anniversary of the Duke Honor Code, the student-led Honor Council is organizing a series of events next week to mark Integrity Week.
The events are part of a year-long series […]
Washington Examiner | March 1, 2018
By Joseph Lawler
Senate Democrats on Thursday rejected Federal Reserve Board Chairman Jerome Powell’s assurances that a bipartisan bill offering relief from Dodd-Frank rules wouldn’t loosen rules on foreign megabanks like Deutsche Bank and Santander.
During a Senate Banking Committee hearing, Powell told proponents of the bill, which is expected to be considered […]
ThinkAdvisor | November 15, 2017
By Bernice Napach
Vanguard is restructuring two REIT Index Funds and trimming the expense ratio for the institutional share class of its Total Stock Market Index and Institutional Index funds, according to a preliminary count of votes at Wednesday’s shareholder meeting.
In addition to these proxy votes, Vanguard shareholders elected three new members to […]
CNN Money | November 2, 2017
By Matt Egan
It’s easy to forget that just two years ago many feared Janet Yellen and the Federal Reserve were trapped at zero. Yellen faced a puzzling challenge: How to raise interest rates without freaking out markets and disrupting the recovery?
Under Yellen’s leadership, the Fed has gradually moved interest rates higher and […]
University of Maryland Baltimore | October 30, 2017
By Laura Lee
University of Maryland Francis King Carey School of Law Visiting Professor Sarah Bloom Raskin, JD, says an increasing number of Americans are living in fear. Not of bumps in the night, but fear of losing a job, fear of being unable to pay bills, and fear […]
Sarah Bloom Raskin and Barney Frank discuss regulatory and legislative protections for consumers. Photo by Megan Mendenhall/Duke Photography
Duke Today | October 26, 2017
By Frances Presma, Duke Law
Former Democratic Congressman Barney Frank and former Deputy Treasury Secretary Sarah Bloom Raskin discussed the current state of financial regulation and the post-crisis evolution of the finance industry at […]