Financial Services
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FDIC Plan Would Ease Requirement for Banks Selling Mortgage Securities
By Lalita Clozel
July 16, 2019, The Wall Street Journal
A regulator proposed easing a hurdle for banks to sell pools of home-mortgage obligations, as part of an effort to …
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Midweek Brexit magnifies headache for banks
By Huw Jones
July 16, 2019, Reuters
Britain leaving the European Union midweek without a deal would compound market disruption as banks would not have enough time to make technology …
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Bad Loans in Europe Tumble, but They Are Never Fully Gone
By Patricia Kowsmann and Margot Patrick
July 16, 2019, The Wall Street Journal
European banks have cleared nearly half of the toxic loans off their balance sheets since emerging from …
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Big banks signal Fed rate cuts may not be so great for them
By Thomas Franck
July 16, 2019, CNBC
A few of the largest U.S. banks on Tuesday warned investors of the effect multiple interest rate cuts by the Federal Reserve could …
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Rodgin Cohen Says Banking System Today Is ‘Very Strong’
H. Rodgin Cohen, senior chairman at Sullivan & Cromwell, discusses the strength of the banking system following the Federal Reserve’s bank stress tests. He speaks on “Bloomberg Daybreak: Americas.”…
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Bank Stress Tests Are Becoming Less Meaningful, Cole Smead Says
Cole Smead, portfolio manager at Smead Capital Management, discusses the results of the Federal Reserve’s U.S. bank stress tests with Bloomberg’s Caroline Hyde, Joe Weisenthal and Romaine Bostick on “Bloomberg …
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BOE says British banks ready for no-deal Brexit, trade war
By David Milliken and Huw Jones
July 11, 2019, Reuters
British banks hold enough capital to cope with a no-deal Brexit and a global trade war simultaneously, the Bank of …
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Double jeopardy: CCAR and the countercyclical buffer
By Louie Woodall
July 11, 2019, Risk
The double jeopardy clause of the Fifth Amendment to the U.S. Constitution forbids the government from prosecuting a citizen for the same offence …
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Fed’s Powell Says Stress Tests Must Evolve to Avoid Bank Complacency
By Lalita Clozel
July 9, 2019, The Wall Street Journal
Federal Reserve Chairman Jerome Powell said stress tests of the nation’s largest banks must adapt and keep firms on their …
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U.K. watchdog wants hard evidence from banks on Libor shift
By Huw Jones
July 4, 2019, Reuters
Banks must provide concrete evidence to show that they are ending the use of the Libor interest rate benchmark as a price reference …
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