Volcker Says Goldman Can’t Have Its Cake and Eat It, Too

Paul Volcker, former Fed chair and current Economic Recovery Advisory Board chair, says that it’s time for Goldman Sachs to make a choice: Either it’s a bank or it’s not.

In the midst of the financial crisis, Goldman Sachs and Morgan Stanley sought licenses to become bank holding More…

Fed Tackles Overdraft Fees

Customers will have to opt-in to overdraft protection programs before banks can charge them overdraft fees on debit purchases and ATM withdrawals, according to new finance rules rolled out by the Federal Reserve today. The move marks a sharp departure from current practice, in which many More…