Citigroup’s chairman is the latest banking executive to warn against the U.S. plan for new capital requirements. In an interview with Bloomberg published Wednesday (Oct. 11), John C. Dugan said the proposal to raise capital requirements for banks will diminish lending opportunities. “We believe it really will have a material...
Michael Barr wants American banks to see new capital requirements as a help, not a hinderance. The Federal Reserve’s vice chair for supervision said at an American Bankers Association (ABA) event Monday (Oct. 9) that the proposed rules would make the financial system safer. “The proposal is projected to raise...
England’s central bank is reportedly being pressured to forestall new capital requirements. That pressure, the Financial Times reported Sunday (Aug. 6) is coming from the British finance industry, which wants the Bank of England to hold off on adopting the rules for six months to give the UK’s...
Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not be affected by expected new rules requiring banks to keep more capital in the wake of bank collapses in March....
May 19, 2024
The tougher capital requirements the government had planned for banks may not be as tough. That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that efforts by banking CEOs like JPMorgan Chase’s Jamie Dimon to push back against the Federal Reserve’s proposal that banks hold more capital appear to have paid off. Sources tell WSJ that […]
October 11, 2023
Citigroup’s chairman is the latest banking executive to warn against the U.S. plan for new capital requirements. In an interview with Bloomberg published Wednesday (Oct. 11), John C. Dugan said the proposal to raise capital...
October 09, 2023
Michael Barr wants American banks to see new capital requirements as a help, not a hinderance. The Federal Reserve’s vice chair for supervision said at an American Bankers Association (ABA) event Monday (Oct. 9) that...
August 06, 2023
England’s central bank is reportedly being pressured to forestall new capital requirements. That pressure, the Financial Times reported Sunday (Aug. 6) is coming from the British finance industry, which wants the Bank of...
