Republicans use 'death by a thousand cuts' strategy to deregulate Wall Street

For the second time in two weeks, House Republicans brought up a package of 11 bills designed to deregulate Wall Street and water down Dodd-Frank financial reforms. This time, they had the votes to pass it.

China says banks to help wind down overcapacity

BEIJING: China's government vowed on Friday to harness its financial sector to help bring about an orderly closing of some factories in industries plagued by overcapacity, as it seeks to move the economy up the value chain.

IMF chief Lagarde urges more global finance reform

BEIJING (AP) — The head of the International Monetary Fund warned Sunday against complacency about global finance despite improved conditions after the latest Greek debt deal and said the world urgently needs more financial reforms.