WASHINGTON - The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles for banks seeking to attract investors and partners.
A company that gains control of a bank is considered a bank holding company and, as a result, is subject to Fed supervision and a host of restrictions on other business activities. “The proposal would improve the transparency of the board’s control framework by placing substantially all of the board’s control positions into a comprehensive public regulation,” Quarles said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s where the market is, and isn’t, pricing in a loss of Fed independenceFor all the stated concern about Fed independence, it’s not easy to find signs financial market participants are losing confidence in the central bank. The FED is the greatest enemy of free markets and real capitalism. Needs to be abolished!
Source: MarketWatch - 🏆 3. / 97 Read more »
US labor market remains tight, economy continues to grow, Fed saysLabor markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly, the Federal Reserve said on Wednesday in its latest report on the economy.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. labor market remains tight, economy continues to grow: Fed Beige BookLabor markets remained tight across the United States as businesses struggled to... The economy grows, but the debt?. What fucking economy...wages stagnant, jobs not paying enough, gas skyrocketing, everything is more because of tariffs, tax scam, 6100 stores closing this year Greenspan says to butcher Social Security and Medicare.
Source: Reuters - 🏆 2. / 97 Read more »