topic Re: Fed Lifts Capital Requirements for Banks in Credit in the News

Fed Lifts Capital Requirements for Banks

gdale6 — Sat, 25 Jul 2015 18:35:44 GMT

http://www.wsj.com/articles/fed-set-to-finalize-amount-of-capital-big-banks-must-maintain-1437410401

"WASHINGTON—The Federal Reserve sent a message to the largest U.S. financial firms: Staying big is going to cost you.

The Fed’s warning, articulated in a pair of rules it finalized Monday, is among the central bank’s starkest postcrisis regulatory moves pressing Wall Street banks to reconsider their size and appetite for risk.

The Fed completed one rule stating that the eight largest banks in the country should maintain an additional layer of capital to protect against losses, its plainest effort yet to encourage them to shrink. At the same time, it offered a reprieve to General Electric Co. ’s finance unit from more-intensive regulation, after the company promised to cut its assets by more than half."

Re: Fed Lifts Capital Requirements for Banks

SOGGIE — Sat, 25 Jul 2015 19:15:08 GMT

Interesting read! Thanks for sharing!

Re: Fed Lifts Capital Requirements for Banks

Kenny — Sun, 26 Jul 2015 12:55:19 GMT

I couldn't read the rest.. was that the whole article?

Re: Fed Lifts Capital Requirements for Banks

Anonymous — Sun, 26 Jul 2015 16:24:46 GMT

@Kenny wrote:
I couldn't read the rest.. was that the whole article?

It was listed on the Wall Street Journal site as a subscription only access article. May be why some cannot read.

Re: Fed Lifts Capital Requirements for Banks

gdale6 — Mon, 27 Jul 2015 01:54:40 GMT

@Kenny wrote:
I couldn't read the rest.. was that the whole article?

Oops, I am a subscriber I forget they make you pay to read. Will see about getting it from another source.

This one should be open to all

http://www.nytimes.com/2015/07/21/business/federal-reserve-finalizes-capital-restraints-for-big-banks.html?_r=0

Re: Fed Lifts Capital Requirements for Banks

Anonymous — Mon, 27 Jul 2015 07:23:33 GMT

If I'm not mistaken, General Electric's finance unit is Synchrony right?

Re: Fed Lifts Capital Requirements for Banks

gdale6 — Tue, 28 Jul 2015 02:22:01 GMT

@Anonymous wrote:
If I'm not mistaken, General Electric's finance unit is Synchrony right?

yup