Rep. Blaine Luetkemeyer, the chairman of the House financial institutions subcommittee, said Wednesday that he plans to reintroduce a bill that would change the way banks are designated as systemically important.
The phrase “it is what it is” came up several times as CEO Joseph Ficalora addressed analysts’ questions about nixing plans to buy Astoria and the challenges of getting another deal done.
On earnings calls this week CEOs expressed optimism for increased loan demand, a softer tone from regulators, a higher SIFI threshold and, potentially, a surge of interest in health savings accounts.
Northern Trust’s fourth-quarter profit surged due to higher trust fees, improved credit quality and the benefit accrued to its profit margin from an increase in short-term interest rates.
An international regulatory body outlined a series of recommendations for reducing risks posed by the asset management industry, particularly increasing liquidity and reducing leverage posed by derivatives positions.
