Latest News about Finance and Banking

• obama administration outlines finance regulation reform
  
  The Obama administration has detailed their reform of the regulation of the finance industry - finally!
• Senate Democrats Say Cost of Health-Care Bill Can Be Trimmed
  
  Senate Democrats said Thursday that they had found ways to pare the cost of a health care bill by more than a third — to $1 trillion over 10 years — while still coveringnearly all Americans.
• On Campaign Finance Board, Sotomayor Balked at Overstepping Law
  
  As Judge Sonia Sotomayor prepares for the second day of her Supreme Court confirmation hearings, a new document is being circulated as one that foreshadows her future injection into the debate over so-called “judicial activism.”
• U.K. Probes Structured-Finance Products
  
  The U.K.'s Serious Fraud Office is investigating sales of structured products such as credit-default swaps and collateralized debt obligations, amid concern some bankers may have knowingly sold complex assets based on flawed valuations before the global financial crisis struck two years ago.
• Fashion Meets Finance: Finding Your Future Ex?
  
  The recession is officially over, at least it is according to the impresarios behind a series of parties that are strictly for employees of two of New York’s most high-profile industries: fashion and finance.
• PPG Names Former Delphi, Sprint Executive As Finance Chief
  
  PPG Industries Inc. (PPG) said Robert J. Dellinger, a former chief financial officer for Delphi Corp. (DPHIQ) and also what is now Sprint Nextel Corp. (S), was named CFO of the paint, glass and chemicals maker.