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Biden OCC pick cheered by progressives, jeered by industry 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.
Biden OCC pick cheered by progressives, jeered by industry 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.
GOP senator urges Biden to renominate Jerome Powell thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.
All 23 of the nation’s biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday, releasing the results from its latest “stress tests." ....
June 18, 2021 All 23 of the nation’s biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday as it released the results from its latest “stress tests,” giving the banks the green light to resume paying out dividends to investors and buying back stock. The Fed also said it would remove all of the coronavirus pandemic restrictions they put on the industry last year, following the results of the tests. The Dodd-Frank Act passed after the 2008 financial crisis requires the nation’s biggest, most complicated banks to undergo a set of tests to see how well their balance sheets would hold up against a severe economic meltdown like that seen in the Great Recession. The tests vary from year to year, but generally involve the Fed testing to see how much in losses the banking industry would take if unemployment were to skyrocket and economic activity were to severely contract. ....