Senate poised to ease Dodd-Frank rules for most banks

Ten years after a financial crisis rocked the nation's economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse. The move to alter some key aspects of the Dodd-Frank law has overwhelming Republican support and enough Democratic backing that it's expected to gain the 60 votes necessary to clear the Senate.

UPDATE 1-UK Stocks-Factors to watch on March 5

* Ultra Electronics: British defence contractor Ultra Electronics said it terminated the $234 million acquisition of Sparton Corp following an unfavourable anti-trust review outcome from the U.S. Department of Justice. * ROYAL BANK OF SCOTLAND: Britain's Royal Bank of Scotland could reach a multi billion-dollar settlement with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities within weeks, Sky News reported on Friday, citing sources.

RBS swings to first profit in a decade but US settlement looms over 2018 results

Royal Bank of Scotland has reported a bottom-line profit for the first time in a decade, but warned that a pending settlement with the US Department of Justice could hit 2018 results. The lender swung out of the red to report a A 752 million profit for 2017, marking a major improvement on the A 6.95 billion loss which the lender reported a year ago - one of the biggest since its Government bailout in 2008.

UK banking titans poised to report finances in busy week for sector

Britain's biggest banks will reveal annual figures this week after another eventful year for the sector, clouded once more by mis-selling scandals and controversy over past misdeeds. The performance of state-backed Royal Bank of Scotland, which reports on Friday, will hinge on whether the lender is hit by a pending settlement with the US Department of Justice over claims it mis-sold risky mortgage-backed securities in the run-up to the financial crisis.

Collins’ vote for GOP tax bill will worsen US income inequality

Sen. Susan Collins explained her vote to pass the recent tax bill citing the expert advice she received from Glenn Hubbard, dean of the Columbia Business School, and Douglass Holtz-Eakin, a Republican policy adviser and president of the American Action Forum. "Even the joint committee on taxation has projected that the tax bill would stimulate the economy to produce hundreds of billions of additional revenue.

The State AG Report Weekly Update

Jennings recently stepped down from her position as New Castle County Chief Administrative Officer to prepare for her campaign. Jennings previously served as Chief Deputy AG at the Delaware AG's office and spent over two decades working for the state Department of Justice.

Military 1 mins ago 10:58 p.m.Bill would rein in mortgage companies targeting veterans

Backers of a bill aimed at cracking down on mortgage lending companies targeting veterans say the measure is gaining support. The bill's sponsors - U.S. Sens. Elizabeth Warren and Thom Tillis - said Thursday the goal is to protect veterans, particularly those who purchase homes through a U.S. Department of Veterans Affairs home loan program.