Jim Yong Kim is leaving the World Bank nearly three years before the end of his term. Nicolas Asfouri/Agence France-Presse — Getty Images WASHINGTON — The World Bank said on Monday that its president, Jim Yong Kim, would step down from his post in February to join a private infrastructure investment firm, an unexpected departure that comes nearly three years before the end of his term. The abrupt resignation, which is effective Feb. 1, could prompt a clash between the Trump administration and...

WASHINGTON — Republican have spent years hoping to roll back the tough bank regulations imposed after the 2008 financial crisis. The reality, they are finding, is that it is easier said than done. The Senate this week passed a bipartisan bill that would have loosened some of the regulations enacted in the 2010 Dodd-Frank law. But that bill immediately ran into a roadblock on the other side of Capitol Hill, with a key House Republican vowing to block the legislation in its current...

A decade after the federal government rescued the first of many faltering financial firms, the Senate voted on Wednesday to pass legislation that would relax restrictions on large parts of the banking industry, representing the most significant changes to the rules that were put in place after the 2008 financial crisis. In a rare showing of bipartisanship, the Senate voted 67 to 31 to pass the bill, which is intended to help small- and medium-size banks but which critics say is a dangerous...

WASHINGTON — The Senate took a key step on Tuesday toward loosening rules imposed after the 2008 financial crisis as some Democrats joined with Republicans to vote to begin debate on legislation that would roll back restrictions on large parts of the banking industry. In a rare demonstration of bipartisanship, the Senate voted 67 to 32 to allow the bill to proceed, setting the stage for a vote this week that rewrites parts of the 2010 Dodd-Frank Act. While the bill is intended to provide...

WASHINGTON — The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway in Congress as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry. Buoyed by their success in rewriting the tax code, the Trump administration and Republican lawmakers have now set their sights on helping the financial industry, which has been engaged in a quiet but concerted push to relax many...