Today: September 19, 2024
Today: September 19, 2024

Latest From Pete Schroeder

Asia|Business|Finance|Stock Markets

Wall Street ends higher, gold hits record ahead of rate cuts

Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Wall Street ends higher, gold hits record ahead of rate cuts
Business|Finance

Details of new US bank capital rules still uncertain with election looming

U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with

Details of new US bank capital rules still uncertain with election looming
Business|Economy|Finance

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays

The Federal Reserve's regulatory chief on Tuesday outlined a plan to raise big banks' capital by 9%, significantly easing an earlier proposal after intense Wall

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays
Business|Economy|Finance

Fed seeks feedback on emergency lending operations

The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending to banks

Fed seeks feedback on emergency lending operations
Uncategorized

US Fed sets large bank capital levels after stress tests, eases on Goldman's level

The U.S.

US Fed sets large bank capital levels after stress tests, eases on Goldman's level
Business|Election|Finance|News

US capital hikes and other Wall Street bank rules now hinge on US election

U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and

US capital hikes and other Wall Street bank rules now hinge on US election
Business|Economy|Finance

Customers Bancorp hit with Fed action for risk-management deficiencies

The U.S.

Business|Finance

US bank regulator looks to tighten control of asset managers' bank stakes

A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock and Vanguard can prove they are not influencing banks

US bank regulator looks to tighten control of asset managers' bank stakes
Americas|News|Political

US Fed fines Green Dot $44 million for numerous unfair and deceptive practices

The U.S.

US Fed fines Green Dot $44 million for numerous unfair and deceptive practices
Business|Economy|Political

US bank regulator warns against 'worrisome' state laws targeting banks

A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the "worrisome trend" of states adopting laws meant to police national

US bank regulator warns against 'worrisome' state laws targeting banks
News|Political

Powell: 'Essential' that bank regulators re-propose Basel plan

U.S.

Powell: 'Essential' that bank regulators re-propose Basel plan
News|Political

Fed considers rule tweak that could save biggest US banks billions in capital

The U.S.

Fed considers rule tweak that could save biggest US banks billions in capital
Business|Economy

US regulators chide four big-bank living wills, FDIC escalates Citi concerns

U.S. bank regulators ordered Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase on Friday to bolster plans for how they could be safely resolved in

US regulators chide four big-bank living wills, FDIC escalates Citi concerns
Business|Economy

US regulators at odds over whether to issue new draft of bank capital hikes

U.S. bank regulators are arguing over the path forward for rules easing bank capital hikes, with some wanting to allow additional feedback from Wall Street

US regulators at odds over whether to issue new draft of bank capital hikes
Business

Powell says Fed not "remotely close" to a central bank digital currency

Federal Reserve Chairman Jerome Powell significantly downplayed the possibility of the central bank issuing its own digital currency, and said if it ever came

Powell says Fed not "remotely close" to a central bank digital currency
Business

Exclusive-US regulators expected to significantly reduce Basel capital burden, sources say

U.S. regulators are expected to significantly reduce the extra capital banks must hold under a proposed rule that has drawn aggressive pushback from Wall

Exclusive-US regulators expected to significantly reduce Basel capital burden, sources say
Business

US bank regulator to boost transparency of merger reviews, scrap automatic approvals

A top U.S. bank regulator will on Monday propose new regulations for bank mergers and acquisitions (M&A) in a bid to increase transparency around the process,

US bank regulator to boost transparency of merger reviews, scrap automatic approvals
Business

US Fed considers shrinking fees banks charge on debit card transactions

The U.S.

US Fed considers shrinking fees banks charge on debit card transactions
Business

US banks face more fair lending scrutiny under new regulations

U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending

US banks face more fair lending scrutiny under new regulations
Business

Shares in Visa, Mastercard slide on expected Federal Reserve fee cap proposal

Shares in Visa and Mastercard slid on Wednesday on news the U.S.

Shares in Visa, Mastercard slide on expected Federal Reserve fee cap proposal
Business|Economy

U.S. bank profits jump 79.5% as large firms shake off failed bank costs

Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, boosted primarily by large banks not shouldering billions in

U.S. bank profits jump 79.5% as large firms shake off failed bank costs
Business|Economy

Fed's Barr says regulators considering 'adjustments' to liquidity rules

U.S. bank regulators are reconsidering how much liquidity banks should be required to have on hand following a series of abrupt bank failures in 2023, the

Fed's Barr says regulators considering 'adjustments' to liquidity rules
Business|Economy

US financial regulators restart work on long-delayed compensation rules

A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more

US financial regulators restart work on long-delayed compensation rules
Economy

Powell says he expects "broad, material" changes to Basel proposal

Federal Reserve Chairman Jerome Powell said he expects bank regulators will adopt "broad, material" changes to a contentious plan to raise large bank capital

Powell says he expects "broad, material" changes to Basel proposal
Economy

U.S. bank profits slow on lower noninterest income, higher realized losses

U.S. banks reported Wednesday a slowdown in profits in the third quarter of the year, as lower noninterest income and higher realized losses on bank

U.S. bank profits slow on lower noninterest income, higher realized losses

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