Presidential hopeful Bloomberg proposes new taxes, protections to rein in Wall Street

U.S. Democratic presidential candidate Michael Bloomberg on Tuesday outlined a sweeping financial services policy proposal to rein in Wall Street trading, boost consumer protections, increase Americans’ access to banking services and crack down on financial crime. FILE PHOTO: Democratic U.S. presidential candidate Michael Bloomberg addresses a news conference after launching his presidential bid in Norfolk, …

Factbox: Bloomberg’s plan to rein in Wall Street borrows from Warren’s playbook

On Tuesday, U.S. Democratic presidential candidate Michael Bloomberg unveiled a sweeping, left-leaning financial services agenda. FILE PHOTO: Democratic presidential candidate Michael Bloomberg speaks at a campaign event in Winston-Salem, North Carolina, U.S. February 13, 2020. REUTERS/Jonathan Drake While Bloomberg’s platform does not go as far as that of progressive firebrand and financial services heavyweight Elizabeth …

Trump cuts prison sentence for Illinois ex-governor Blagojevich

President Donald Trump on Tuesday said he had commuted the sentence of Rod Blagojevich, the former Democratic governor of Illinois convicted of corruption for trying to sell former President Barack Obama’s vacated U.S. Senate seat. Blagojevich, who appeared on Trump’s “Celebrity Apprentice” reality television show in 2010 as he was awaiting trial, had been serving …

North Carolina court blocks voter ID law as discriminatory

A North Carolina appeals court on Tuesday blocked the state’s voter identification law from going into effect, finding it was a discriminatory attempt to suppress the black vote, in a victory for Democrats and voting rights advocates. The appeals court reversed a lower court decision that denied a preliminary injunction against a law requiring voters …

Trump issues pardon of former owner of San Francisco 49ers

U.S. President Donald Trump issued a pardon for Eddie DeBartolo Jr., the former owner of the San Francisco 49ers football team, a White House spokesman told reporters on Tuesday. DeBartolo Jr. pleaded guilty in 1998 to a felony charge of failing to report that Louisiana’s former governor, Edwin Edwards, had extorted $400,000 from him to …

U.S. Democratic presidential hopeful Bloomberg unveils plan to rein in Wall Street

U.S. Democratic presidential candidate Michael Bloomberg on Tuesday outlined a sweeping financial services policy proposal to rein in Wall Street trading, boost consumer protections, increase Americans’ access to banking services, and crack down on financial crime. FILE PHOTO: Democratic U.S. presidential candidate Michael Bloomberg addresses a news conference after launching his presidential bid in Norfolk, …

Judge warns Weinstein defense lawyer not to talk to media after op-ed on trial

The judge in the Harvey Weinstein rape case on Tuesday warned his lead defense lawyer that she must not talk to the press until the jury has reached a verdict, two days after the attorney wrote an opinion piece in Newsweek magazine about the case. FILE PHOTO: Film producer Harvey Weinstein’s tie flutters in the …

Democratic presidential hopeful Bloomberg calls for tighter financial industry regulations

U.S. Democratic presidential candidate Michael Bloomberg on Tuesday proposed a raft of new regulations aimed at Wall Street, including a financial transactions tax of 0.1% and strengthening consumer protections. The campaign said he would toughen stress tests for the largest financial institutions, merge the government-sponsored mortgage giants Fannie Mae and Freddie Mac and bolster the …

Bloomberg to seek tighter financial industry regulations: New York Times

U.S. Democratic presidential candidate Michael Bloomberg on Tuesday will unveil his plan to overhaul the U.S. financial industry by taxing financial transactions and strengthening consumer protections, the New York Times reported. The plan will also call for merging government-sponsored housing finance giants Fannie Mae and Freddie Mac, and tightening banking regulations such as the Volcker …