ECO

White House pushes new rules for medium-sized banks without Congress

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White House pushes new rules for medium-sized banks without Congress

WASHINGTON, March 30 (Reuters) – The Biden administration has urged banking authorities to tighten regulation of medium-sized banks, which it said could be implemented without support from a divided Congress. Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, undergo regular stress tests and write “living … Read more

Wall St gains as bank fears fade, focus on inflation data

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Wall St gains as bank fears fade, focus on inflation data

Weekly jobless claims are up last week Faraday Future begins production of luxury EVs Roku benefits from plans to cut 200 jobs Indexes up: Dow 0.45%, S&P 0.57%, Nasdaq 0.62% March 30 (Reuters) – Wall Street’s major indices rose on Thursday as banking crisis fears eased, with price-sensitive real estate and technology stocks posting gains … Read more