The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial overhaul bill passed nearly two years ago. It restricts U.S. banks from making trades that put the bank and depositor funds at risk. But regulators are struggling to iron out the details of those rules.
Nokia gave its new Lumia smartphone a splashy launch this month. The phone runs on a new Microsoft operating system and is a key part of the Finnish company's efforts to regain market share. But on Thursday, Nokia admitted that its new phone isn't connecting with consumers.
Two years after the Deepwater Horizon disaster, one issue has received little attention: the oil industry faces a shortage of experienced workers. Some analysts are concerned more inexperienced workers could compromise safety, but the industry says training is more rigorous than ever.
At a news conference kicking off the spring meetings of the International Monetary Fund and the World Bank, IMF Managing Director Christine Lagarde said she wants to secure at least $400 billion for a special crisis fund for Europe. Thus far, the U.S. has chosen not to contribute.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.