Federal Reserve

GE’s Nason withdraws from consideration for key Fed spot

03/08/17

GE Energy Financial Services CEO David Nason is withdrawing his name from consideration as one of the key open positions at the Federal Reserve Board, according to a GE spokesperson.

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Fed approves Morgan Stanley's revised capital plan

03/02/17

After questions arose after the 2016 Comprehensive Capital Analysis and Review stress test, the Fed said Thursday that it would not object to the bank’s resubmitted capital plan.

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Fed commodities plan violates congressional intent, banks say

03/02/17

A Federal Reserve proposal to set higher capital requirements for certain physical commodities may contravene Congress’ intent by making possession of those assets financially untenable, financial groups claim.

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Big banks to regulators: don't tread on our cybersecurity efforts

03/01/17

A broad range of industry players are panning an October proposal by bank regulators that would impose new cybersecurity requirements on big banks, arguing it will only slow them down.

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Banks cautiously optimistic about growth, lending: Fed

03/01/17

Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book.

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Did Durbin amendment lead to unintended credit card splurge?

02/27/17

Lost in the battle between banks and retailers — which is being fought with renewed vigor in the early days of the Trump administration — is any consideration of how caps on interchange fees have affected consumer spending patterns.

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Trump said to weigh U.S. Bancorp CEO Davis for Fed board seat

02/23/17

Donald Trump is considering nominating U.S. Bancorp Chief Executive Officer Richard Davis for the Federal Reserve Board, said people familiar with the matter, as the president prepares to start reshaping the central bank’s approach to monetary policy and Wall Street oversight.

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Filling the Fed; Ditching Durbin

02/21/17

President Trump is considering bankers and financiers, not economists, to fill vacant Fed seats; the ABA is launching an ad campaign to roll back the Durbin Amendment on swipe fees.

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Fed officials defend Dodd-Frank; OneWest executive for comptroller?

02/16/17

Yellen has good things to say about Volcker rule and CFPB, while Tarullo backs tighter reins on big banks; Trump said to be considering Mnuchin deputy as Comptroller of the Currency.

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Tarullo leaving the Fed; Cohn's growing role at White House

02/13/17

Daniel Tarullo's retirement opens another spot for a potentially bank-friendly central bank seat; Gary Cohn is Trump's point man on all things financial, from deregulation to Obamacare.

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