All articles tagged with #regulatory relief
Originally Published 2 months ago — by The White House (.gov)
President Trump signed a proclamation granting two years of regulatory relief from Biden-era EPA restrictions on copper smelting to support national security and economic stability, recognizing that overly restrictive environmental standards threaten domestic industry and mineral independence.
Originally Published 6 months ago — by Yahoo Finance
U.S. regulators, including the Federal Reserve, are considering easing leverage requirements for large banks, but are unlikely to exclude U.S. government bonds from leverage calculations, leading to a lukewarm market response and disappointment among investors expecting more significant relief measures.
Originally Published 7 months ago — by Financial Times
The Federal Reserve has lifted the $2 trillion asset cap on Wells Fargo, imposed after the 2016 fake accounts scandal, marking a significant step in the bank's recovery and regulatory easing, allowing it to expand lending and business operations.
Originally Published 7 months ago — by Yahoo Finance
Wells Fargo has been released from a seven-year, $1.95 trillion asset cap imposed by the Federal Reserve, enabling the bank to pursue growth after making substantial progress in addressing past scandals and deficiencies. The move is seen as a major victory for CEO Charlie Scharf and signals a significant step in the bank's recovery and transformation.