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Bank CEOs bring Basel III battle to Congress

Bank CEOs bring Basel III battle to Congress
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

United statesCharlie scharfCharles scharfJamie dimonRon ohanleyDavid solomonRonald ohanleyJon testerJames gormanSherrod brownJane fraserElizabeth warrenJerome powellRobin vinceBrian moynihanMark warner

Mortgages and small loans will be more expensive under proposed regulations, bank chiefs say

Mortgages and small loans will be more expensive under proposed regulations, bank chiefs say
marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.

United statesSouth carolinaJane fraserJames gormanSherrod brownRobin vinceTim scottRonald ohanleyBrian moynihanJamie dimonSenate committee on bankingGoldman sachs group incAmerica corpJpmorgan chase coYork mellon corpCitigroup inc

Bank CEOs warn about a looming recession

The Senate Banking Committee held its annual hearing on Wall Street oversight. Lawmakers heard testimony from JPMorgan CEO Jamie Dimon, Citi CEO Jane Fraser and Bank of America CEO Brian Moynihan, in addition to the CEOs of Wells Fargo, State Street, BNY Mellon, Goldman Sachs and Morgan Stanley.

United statesCapitol hillDistrict of columbiaSouth dakotaNew yorkJane fraserDavid solomonGoldman sachsBrian moynihanAl drago bloomberg gettyBrian thomas moynihanMorgan stanleyAlec baldwinRobin vinceMike roundsJamie dimon

Wall Street bank bosses warn lawmakers over new regulations

The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country's eight largest banks will appear before the Senate Banking Committee on Wednesday. The Basel rule, being drafted by bank regulators led by the U.S. Federal Reserve, would "unjustifiably and unnecessarily" increase capital requirements by 20% to 25% for the largest banks, forcing them charge more for services or stop offering them altogether, Dimon will warn.

United statesGoldman sach davidRonald ohanleyMellon robin vinceHannah langLananh nguyenPete schroederSaeed azharTatiana bautzerAmerica brian moynihanCiti jane fraserMorgan stanley james gormanNupur anandChris prenticeFargo charles scharfFederal reserve

Wall Street bank bosses warn lawmakers over new regulations

The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country's eight largest banks will appear before the Senate Banking Committee on Wednesday. The Basel rule, being drafted by bank regulators led by the U.S. Federal Reserve, would "unjustifiably and unnecessarily" increase capital requirements by 20% to 25% for the largest banks, forcing them charge more for services or stop offering them altogether, Dimon will warn.

United statesRonald ohanleyLananh nguyenFargo charles scharfGoldman sach davidTatiana bautzerNick zieminskiNupur anandCharlie scharfMorgan stanley james gormanHannah langAmerica brian moynihanSaeed azharCitigroup fraserChris prenticeMellon robin vince