BankThink

Regulators need to be able to impose tough requirements on foreign banks with U.S. units in order to safeguard the domestic financial system from turbulence abroad. Sen. Richard Shelby's proposal to raise the asset threshold for systemically important banks would put that ability in jeopardy.

Receiving Wide Coverage ...

The Old College Try: Hillary Clinton unveiled her plan to deal with the problem of skyrocketing student debt. Clinton's plan would provide about $175 billion in grants and loans to states that guarantee students wouldn't have to take out loans to cover tuition.

Although her plan's goal is to help families pay for college without taking out loans, it would require families to make a "realistic" contribution to tuition and students would also...

Wall Street Journal

Activist investors have been getting a little help from their new friends at mutual funds. There was once a time when mutual funds wouldn't even pick up the phone when activists called; they worried that even associating with activists would jeopardize their access to management at their portfolio companies. ...

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a critical look at the Fed's post-crisis monetary policies and a bid to make the funding community groups receive from banks more transparent.

Receiving Wide Coverage ...

O Canada: Canadian banks have a money-laundering problem, the Wall Street Journal reports. The country's regulator found 72 failures of anti-money laundering controls among banks between 2009 and 2014, according to the paper's review of a "heavily redacted" document that did not include the names of the banks or specifics about the issues. The paper notes Canada "has been facing growing pressure to step up efforts to fight money laundering." In other...