Bank regulations

Last night, Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code, amid accusations from federal regulators that Peregrine defrauded customers and hid losses.

News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.

The Federal Reserve has just approved a proposal to make every bank in America keep more capital on hand. The measure may help taxpayers weather the next financial storm, but hurt bank stockholders.

The new Consumer Financial Protection Bureau announced this week its efforts to regulate prepaid debit cards. Regulators fear the cards aren’t backed by protections given regular credit card holders.

Three banks unveil a new three-page checking account guide. Experts hope a new era of simplified disclosure will follow.

The World Economic Forum is underway in Davos, Switzerland, and already we're hearing from forum participants. A senior executive of Goldman Sachs...