Morning Scan: Foreign Banks Profit off Rate Hike; Sanders Blasts Fed

Editor's note: Morning Scan will publish next on Jan. 4, 2016. Happy holidays and happy new year from all of us at American Banker and SourceMedia. Wall Street Journal

Christmas came early for foreign banks this year, thanks to the Federal Reserve. This year, units of foreign banks raked in around $6.25 billion in interest on the reserves they store with the central bank. Because of the Fed rate hike, these interest payments will double. The prospective...