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Capital Hikes

All articles tagged with #capital hikes

finance2 years ago•3 min saved

Wall Street CEOs Sound Alarm on Economic Impact of New Regulations

CEOs of major Wall Street banks, including JPMorgan, Morgan Stanley, and Goldman Sachs, warned lawmakers that proposed capital hikes and new regulations could negatively impact lending, capital markets, and the broader economy. The banks are campaigning against the "Basel endgame" proposal, which changes how banks calculate their loss-absorbing capital. Democrats expressed skepticism towards the industry's concerns, while Republicans and CEOs highlighted potential adverse effects on various sectors. Regulators argue that the rules are necessary to protect the banking system.

via Yahoo Finance|

#bank-regulations #basel-rule #capital-hikes

finance2 years ago•2 min saved

Wall Street CEOs Sound Alarm on Economic Impact of New Regulations

CEOs of major Wall Street banks, including JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley, State Street, and BNY Mellon, warned lawmakers that proposed capital hikes and new regulations by U.S. bank regulators could negatively impact lending, capital markets, and the broader economy. The banks are campaigning against the "Basel endgame" proposal, which changes how banks calculate their loss-absorbing capital, and other regulations such as fair lending and fee caps. The CEOs argue that these rules could stifle lending, hurting small businesses and consumers. However, Senator Sherrod Brown criticized the banks for lobbying against the rules to preserve their profit margins. Regulators argue that the rules are necessary to protect the banking system from shocks. The CEOs will need to persuade skeptical Democratic lawmakers of the soundness of the banking sector.

via Reuters|

#bank-regulations #capital-hikes #economic-impact

finance2 years ago•3 min saved

Bank CEOs Rally Against Regulation Push in Congressional Hearing

The CEOs of major U.S. banks, including JPMorgan, Bank of America, and Citigroup, are expected to protest against capital hikes and new regulations before Congress, arguing that they will harm the economy. The CEOs will also address worker pay and rights, climate change, mortgages, and financial stability. The hearing comes as the industry campaigns against the "Basel Endgame" proposal and as regulators introduce fair lending and fee cap rules. The CEOs aim to convince lawmakers that the rules could stifle lending, while also assuring them of the safety and soundness of the banking sector.

via Reuters|

#basel-endgame-proposal #capital-hikes #fair-lending