WASHINGTON (Reuters) - A top Senate Republican said on Thursday that setting up a fund to help unwind large troubled firms may perpetrate the assumption that some financial firms will always be rescued by the U.S. government. "I am not sure creating a fund or a honey pot is the right signal (for) dealing with 'too big to fail'," said ...

WASHINGTON (Reuters) - The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that the U.S. Congress is unlikely to adopt such a rule. In a scant five pages from the Treasury Department, the administration put a two-year phase-in on its "Volcker rule" to curb "prop trading" -- or buying and ...

WASHINGTON (Reuters) - The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that Congress is unlikely to adopt such a rule. In a scant five pages from the Treasury Department, the administration put a two-year phase-in on its "Volcker rule" to curb "prop trading" -- or buying and selling of investments ...

The Obama administration waded into negotiations over Wall Street regulations Wednesday, calling for limits on the size of financial institutions and insisting that consumer protections remain a central objective of legislative attempts to rein in the industry. In the Senate, talks continued on how to create a consumer ...