At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”
Read More Exclusive: Fed may tweak rule that could save biggest US banks billions
Tag: banks
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May
Wall St slips after big bank earnings
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
Read More Wall St slips after big bank earnings
Western banks warn of risks in EU plan to grab Russian assets, sources say
Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets.
Read More Western banks warn of risks in EU plan to grab Russian assets, sources say
Federal Government Exposed Weaponizing Banks to Spy on American Citizens
A Congressional committee finds the federal government is weaponizing private banks to spy on American citizens who share conservative, Christian beliefs.
Read More Federal Government Exposed Weaponizing Banks to Spy on American Citizens
Bank Robber Dubbed ‘Sticky Note Bandit’ Robs 4th Texas Bank Within 2 Weeks
According to the FBI, a man who has been nicknamed the “Sticky Note Bandit” has been robbing Houston-area banks while cross-dressing as a woman.
Read More Bank Robber Dubbed ‘Sticky Note Bandit’ Robs 4th Texas Bank Within 2 Weeks