Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system. Bernanke, in a speech to ...

Orlando, Florida (Reuters) - Regulators must be "significantly tougher" on large and complex financial firms to limit wider risks, but big firms are still needed to keep the global economy humming, Federal Reserve Chairman Ben Bernanke said on Saturday. Bernanke told an Independent Community Bankers of America conference that the problem of some firms being perceived as "too big to fail ...

WASHINGTON (Reuters) - President Barack Obama urged senators on Saturday to resist pressure to weaken a financial reform bill and called again for an independent consumer watchdog to help prevent future financial crises. As healthcare reform reaches a make-or-break vote in the House of Representatives on Sunday, Obama used his weekly radio and Internet address to highlight what may become his ...

A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisis. FDIC Chairman Sheila Bair ...