In a Friday speech, Federal Reserve Board member Michelle Bowman said regulation and supervision should be aimed at expanding banking access, not limiting it.
Senator Elizabeth Warren has slammed the Federal Reserve for allowing U.S. banks to break rules designed to prevent another financial crisis and avoid huge taxpayer bailouts.
Senate Banking Committee member Elizabeth Warren is concerned the Federal Reserve may be “turning a blind eye” to alleged misconduct by America’s largest bank.
DEI — As the administration unwinds diversity initiatives at federal agencies, Big Banks “are in the crosshairs of ...
Investment banking has also surged. Bloomberg reports that Citigroup expects fees to rise 25-30% compared to last year, while ...
JPMorgan Chase & Co. (JPM) shines within this group. And even though Wall Street analysts don't see much upside for the stock over the next year, the prospect of declining costs for deposits ...
JPMorgan Chase, Morgan Stanley and Wells Fargo. The exercise had no capital implications on the participating banks. Two board members, Vice Chair for Supervision Michael Barr and Gov. Adriana Kugler, ...
Emboldened by the prospect of a friendlier Trump administration, Wall Street banks are ramping up efforts to overhaul US capital rules. In a Reuters report, industry executives reveal an ambitious ...
Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul other U.S. capital rules, according to ...
Those rules aim to prevent another crisis by requiring the biggest U.S. banks such as JPMorgan Chase, Bank of America and Goldman Sachs to sock away nearly $1 trillion combined to absorb potential ...
The Bank of England's Prudential Regulation Authority, after consulting with the U.K. Treasury, said it will delay the implementation of what's called Basel 3.1 by one year, to Jan. 1, 2027. It had ...