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France's Le Pen launches election bid with vow to fight globalization

France's far-right party leader Marine Le Pen on Sunday told thousands of flag-waving supporters chanting "This is our country!" that she alone could protect them against Islamic fundamentalism and globalization if elected president in May. Buoyed by the election of President Donald Trump in the United States and by Britons' vote to leave the European Union, Le Pen's anti-immigration, anti-EU National Front (FN) hopes for similar populist momentum in France. With hitherto favorite Francois Fillon, a conservative, embroiled in scandal over his wife's job, and rising centrist star Emmanuel Macron as yet untested, Le Pen's FN says it can thwart polls that see her losing in a second round run-off. "What is at stake in this election ... is whether France can still be a free nation," Le Pen told supporters at her campaign launch rally. "The divide is not between the left and right any more but between patriots and globalists." In 144 "...

Trump ignites political fight over U.S. banking law reforms

U.S. President Donald Trump on Friday ordered reviews of major banking rules that were put in place after the 2008 financial crisis, drawing fire from Democrats who said his order lacked substance and squarely aligned him with Wall Street bankers. Though the order was short on specifics, financial markets embraced Trump's signal that looser banking regulation is coming and pushed bank stocks higher. The Dow Jones U.S. Banks stocks index closed up 2.6 percent. [.N] At a White House forum on Friday with U.S. business leaders, including JPMorgan Chase's CEO Jamie Dimon, Trump said his administration expects "to be cutting a lot out of Dodd-Frank." That will involve a lot more than issuing an order, said former Democratic congressman Barney Frank, co-author of the 2010 Dodd-Frank Wall Street reform law that raised capital requirements for banks, restricted their trading by means of the "Volcker Rule," and created the Consumer Financial Protection Bureau to gu...