Trump exhibiting Clinton-like behavior as president-elect

From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.

Trump exhibiting Clinton-like behavior as president-elect

From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.

Capitol Report: Senate Dems say Wells Fargo not responding to fraud info requests

US Senator Elizabeth Warren, Democrat of Massachusetts, holds up copies of Wells Fargo earnings call transcripts as she questions John Stumpf, then chairman and CEO of Wells Fargo The bank’s management has so far failed to answer all the questions the committee members have put to it, the letter says, following its settlement with multiple regulatory authorities in September for multi-year fraudulent sales practices. The letter , jointly signed by nine Democrats including Ranking Member Sherrod Brown of Ohio and Elizabeth Warren of Massachusetts, again asked Wells Fargo’s board for a status report on its ongoing investigation of the fraud and a detailed timeline of when the board learned about the illegal practices and actions it took.

The Fed: Here’s who Trump may tap for two open posts at the Fed

Donald Trump is not expected to offer Janet Yellen a second four-year term at the helm of the central bank when her term expires in early February 2018 With two nominations made by President Obama stalled, Trump will get a chance to add a pair of officials to the Federal Open Market Committee. The positions will be of particular importance given that Trump will have a chance to nominate a replacement for Janet Yellen when her term as chair expires in Feb. 2018.

GSE Favorability Increases With Each Passing Day

Fannie Mae and Freddie Mac equity securities trade like call options on the event that the companies are allowed to rebuild capital at some point. Obama’s presidency has been defined by the government taking all of Fannie’s and Freddie’s money for itself, whereas Trump’s team intends to get them out of government ownership and control.

The Italian Banking Crisis

It has been called “a bigger risk than Brexit”- the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.”

Lawsuit for Investors in Shares of Ally Financial Inc (NYSE:ALLY)…

An investor in shares of Ally Financial Inc filed a lawsuit in Michigan over alleged Securities Laws violations by Ally Financial Inc in connection the company’s April 11, 2014 initial public offering. Investors who purchased shares of Ally Financial Inc have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.