Under congressional pressure, regulators consider easing rules requiring large lenders to keep cash cushion for swaps trades
WASHINGTON—The biggest U.S. banks are ramping up efforts to secure a long-sought regulatory reprieve that they believe will give them access to a nearly $40 billion pot of money tied up by restrictions put in place after the financial crisis.
Bank regulators, under pressure from the banks and Republican lawmakers, are considering easing rules that require large lenders to set aside cash as a cushion against the risk of certain derivatives trades going bad, according to people familiar with the matter.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Beyond Meat gets first buy rating as Bernstein sees 'alternative meat' industry worth $40 billionThe alternative meat industry could be worth $40.5 billion in the next decade Bernstein said in a note on Tuesday.
Weiterlesen »
Big Banks Seek to Liberate Billions of Dollars in FundsBanks have complained for years about a key feature of the Dodd-Frank overhaul requiring them to keep billions of dollars of cash in reserve. Some are trying to find ways around it.
Weiterlesen »
A California developer is building a super-luxe gated community in Malibu with only 5 houses that cost up to $100 million each, and Jeff Bezos' top security guy is helping make the compound 'paparazzi-proof'Developer Scott Gillen is building The Case, a gated community in Malibu with five homes that range from $40 million to $100 million.
Weiterlesen »
We got a new eyeglass prescription for $40 at Warby Parker without stepping foot in a doctor's office. Here's what it was like.Here's what it's like to get an eyeglass prescription check done virtually via Warby Parker. The startup is investing more in doing vision checks.
Weiterlesen »
Citigroup CEO Corbat defends bank's pay gap: `I started in 1983 at $17,000 salary'The pay gap at Citigroup, led by Corbat since 2012, is the biggest among big U.S. banks
Weiterlesen »
Here's why the stock market made a big comeback and didn't crash after Trump's trade threat'If we actually have a trade war, it will be bad for the whole world.' Here's what 4 experts had to say about the tumultuous state of U.S.-China trade talks and its effects on the market.
Weiterlesen »
Biden opens big-donor fundraisers to pressJoe Biden plans to allow media access to all of his fundraising events — a show of transparency designed to address the Democratic base’s increasing discomfort with the role of big-money donors
Weiterlesen »