WASHINGTON, D.C. - On a rooftop overlooking Gallaudet University in Washington, D.C., Julian Torres stands next to row after row of solar panels his company, Scale Microgrids, helped install as part ...
Large US banks might increase share buybacks in 2H as final Basel III Endgame capital rules may be released in August, according to Bloomberg News. The final rule should be less onerous than the ...
"Small-business owners like me are alarmed at the prospect of Basel III capping our nation's creative and entrepreneurial wellspring," writes the founder and CEO of Ethel's Baking Co. For many ...
Some U.S. officials are seeking to finalize a reworked rule that would require banks to hold more capital as soon as August, according to a media report. In July, the three big U.S. banking regulators ...
Federal Reserve vice chair for supervision Michael Barr said the central bank is taking “a very thoughtful approach” to the Basel III rules (aka the Basel endgame), which would significantly increase ...
The proposed Basel III endgame rules, while largely in line with expectations, still means that a group of banks with assets between $100B-$700B will be subject to stricter capital rules than they ...
From left, Charles Scharf, chief executive officer of Wells Fargo & Co.; Brian Moynihan, chief executive officer of Bank of America Corp.; Jamie Dimon, chairman and chief executive officer of JPMorgan ...
BASEL, Switzerland (Reuters) - Banks will have to more than triple to 7 percent the amount of top quality capital they hold to withstand future shocks, global regulators and central bankers agreed on ...
In recent months bank lobbyists and bank executives from SIFMA President Kenneth E. Bentsen Jr. to JPMorgan Chase CEO Jamie Dimon have written op-eds and delivered congressional testimony criticizing ...
Last year, the Federal Reserve and other regulators proposed changes to bank capital ratios. Banks and consumer advocacy groups have opposed the proposed changes. U.S. Bancorp's capital ratios have ...
LONDON (Reuters) - Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital ...
Rules requiring the world’s banks to hold very high amounts of capital to absorb potential losses on crypto assets need to be reworked after the US and UK refused to implement them, the chair of the ...