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Barney Frank dismisses calls for splitting banks

Barney Rubble v Barney Frank

Former Rep. Barney Frank on Monday dismissed calls to bring back the Glass-Steagall Act of 1933, which divided commercial and investment banking, arguing that it doesn't regulate derivatives trading or prevent risky loans and mortgages.

'There's something narcotic about landing a big deal'

Thumbs Up At Desk

"Do you speak to happy bankers at all?" he wrote in to the blog. "Your interviewees all seem so… miserable." We are meeting for lunch on a sunny winter day. He is a cheerful, slightly sarcastic man in his mid-30s from continental Europe. He orders a salad.

Will Steve Cohen face more serious charges ?

Steven Cohen Still

The Securities and Exchange Commission's civil case against SAC Capital founder Steve Cohen is not that strong, two former SEC enforcement attorneys tell CNBC. But they say that does not preclude more serious charges down the road.




Citi's Buiter: World faces recession next year

The global economy faces a period of contraction and declining trade next year as emerging nations struggle with tightening monetary policy, according to Citigroup's Chief Economist Willem Buiter.