Sherrod Brown quickly shifts Senate Banking panel s course americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
FDIC eases path for Amazon and Facebook to become lenders telegraphherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphherald.com Daily Mail and Mail on Sunday newspapers.
Federal Reserve loosens restrictions on big bank stock buybacks MarketWatch 12/18/2020
THE FED
The Federal Reserve on Friday loosened its ban on share buybacks for the largest banks that were put in place earlier this year to ensure the sector had enough capital to continue to function during the coronavirus pandemic.
The decision follows another round of Fed stress tests that show all banks met capital requirements under two recessionary scenarios. “The banking system has been a source of strength during the past year and today’s stress test results confirm that large banks could continue to lend to households and businesses even during a sharply adverse future turn in the economy,” said Vice Chair for Supervision Randal Quarles.
Repubs Bind Virus Aid to Limit on Fed Lending, Risking Bill; Biden Allies Cry Foul 980waav.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 980waav.com Daily Mail and Mail on Sunday newspapers.