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Why the Fed Is Ending Its Big Covid Break for Banks

After markets gyrated in March 2020, the U.S. Federal Reserve pumped trillions of dollars into a financial system rocked by the coronavirus pandemic. It also gave banks a one-year break from a rule it feared could make them pull hundreds of bil.....»»

Category: topSource: washpostMar 19th, 2021

The Fed: Fed won’t extend relief for banks from key capital rule

The Federal Reserve on Friday said it would not extend a temporary exemption that allowed banks to exclude Treasurys and deposits with the central bank from the calculation of the supplementary leverage ratio past March 31......»»

Category: topSource: marketwatchMar 19th, 2021

Why Fed’s Covid Break for Banks Now Has It in a Bind

After markets gyrated in March 2020, the U.S. Federal Reserve pumped trillions of dollars into a financial system rocked by the coronavirus pandemic. It also gave banks a one-year break from a rule it feared could make them pull hundreds of bil.....»»

Category: topSource: washpostMar 11th, 2021

Robinhood Gets $1B Funding, Taps Credit Line As It Prepares To Resume Trading Of GameStop, Other Hot Stocks

Robinhood is prepping to restore trading in the shares of GameStop Corp (NYSE: GME) and other stocks at the center of the recent retail investor fueled frenzy by accessing a credit facility led by banks, the Financial Times read more.....»»

Category: blogSource: benzingaJan 29th, 2021

Robinhood taps banks in rush to restore GameStop trading

The online brokerage cites clearing-house requirements for the restrictions that provoked outrage......»»

Category: topSource: bizjournalsJan 29th, 2021

The Wall Street Journal: Banks can’t blacklist entire industries under new OCC rule

Banks would be prohibited from refusing to lend or provide other services to entire categories of lawful businesses under a rule a top bank regulator completed Thursday, his last day before stepping down......»»

Category: topSource: marketwatchJan 14th, 2021

Wall Street distances itself from Trump, GOP after storming of Capitol. ‘We will not support candidates who do not respect the rule of law.’

A growing number of Wall Street banks and businesses have cut ties with President Donald Trump’s campaign and financial arms, as well as the broader Republican Party, following last week’s riots and insurrect.....»»

Category: topSource: chicagotribuneJan 11th, 2021

Banks baffle investors as art meets science in accounting rule

Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors......»»

Category: topSource: reutersMay 4th, 2020

Banks are usually required to penalize people who withdraw from savings 6 times per month, but that"s been suspended for the pandemic

anandaBGD/Getty Images   On April 24, the Federal Reserve suspended its rule that banks must penalize members who make more than six transactions per month from their savings accounts. Under normal circumstances, bank.....»»

Category: topSource: businessinsiderMay 1st, 2020

The Fed: Fed, seeking ways to improve Treasury market, eases capital rule for big banks

The Federal Reserve, seeking more ways to help stabilize the fragile Treasury market, eased a rule so that big banks can be more active in the market......»»

Category: topSource: marketwatchApr 1st, 2020

U.S. regulators give banks relief on accounting standard, derivatives rule

U.S. banking regulators announced Friday that banks would have the option of ignoring the capital implications of a new global accounting standard for two years in a bid to ensure banks continue lending through the pandemic......»»

Category: topSource: reutersMar 27th, 2020

"Very Technical Issue" – ECB Won"t Rule Out Purchases Of ETFs 

"Very Technical Issue" – ECB Won't Rule Out Purchases Of ETFs  Central banks across the world are deploying every trick in the book to save the broken and bankrupt global economy that was derailed by bat soup. .....»»

Category: blogSource: zerohedgeMar 25th, 2020

At Least the Bankers Did Well With Christine Lagarde

The ECB offered a bold package of relief to banks. Unfortunately, easing capital rules is a risky move that won’t exactly restore investor trust......»»

Category: topSource: washpostMar 13th, 2020

Coronavirus spread prompts Wall Street to seek regulatory approval for home trading

Wall Street banks and brokers are in "robust" talks with regulators to secure rule-waivers that would allow thousands of traders to operate from home as the coronavirus spreads in New York, the chief executive of a top industry group told Reuters......»»

Category: topSource: reutersMar 9th, 2020

CRA changes will impact LMI borrowers and communities

Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities Nearly all banks that earned passing marks under cu.....»»

Category: blogSource: valuewalkMar 9th, 2020

Fed"s revised bank rule a bonus for dividends, buybacks

The Fed aims to level the playing field for banks......»»

Category: topSource: foxnewsMar 4th, 2020

Fed finalizes post-crisis rule easing for banks

Fed finalizes post-crisis rule easing for domestic, foreign banks.....»»

Category: topSource: moneycentralOct 10th, 2019

Fed finalizes post-crisis rule easing for banks

Fed finalizes post-crisis rule easing for domestic, foreign banks.....»»

Category: topSource: moneycentralOct 10th, 2019

Fed finalizes post-crisis rule easing for domestic, foreign banks

The U.S. Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic U.S. and foreign banks that were originally introduced following the 2007-2009 global financial crisis......»»

Category: topSource: reutersOct 10th, 2019

Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration......»»

Category: topSource: reutersSep 17th, 2019