Banking

Update 713 — Updating Bank Capital Rules: Rein in Risk or Dimon’s “Disappointment”?

August 16, 2023 | Banking, Miscellaneous

The August recess opened this week with two headline developments. Donald Trump was indicted Tuesday and arraigned yesterday, booked and fingerprinted before pleading not guilty to four counts of conspiring to remain in office after his defeat in the 2020 election. And the U.S. sovereign debt credit rating was cut by Fitch Ratings from AAA …

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Update 708 — Impact of Bank Mergers on Consumers, Investors, the Economy

July 20, 2023 | Banking, Consumer Finance, Miscellaneous

Update 708 — Impact of Bank MergersOn Consumers, Investors, the Economy Major goods and services sectors across the economic landscape have come under increasing scrutiny in recent years for anti-competitive behavior, conditions restricting consumer access and choice, and raising costs. When banks merge, by and large, they will maintain fewer branches, provide fewer services, and …

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Debt Limit Stalemate, Failed Bank Execs Plead Case

June 8, 2023 | Banking, Debt Limit

Update 694 – Economic Policy Week in ReviewDebt Limit Stalemate, Failed Bank Execs Plead Case  The financial community and much of the American public remain on tenterhooks going into the weekend, with debt limit negotiations on hold and a wide range of outcomes still possible with a dozen days to go before Treasury’s  X-date of …

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Bank Bust Risks and Rewards for CEOs… and Us

June 8, 2023 | Banking

Update 693 — “Stupid” Bad, but Systemic WorseBank Bust Risks and Rewards for CEOs… and Us Reckless and risky financial behavior is on full display in Washington this week, with financial system stability, if not the macroeconomy in the balance. Exhibit A is the ongoing debt limit negotiation, where serious demands that energy project permitting …

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Bank Bust Risks and Rewards for CEOs… and Us

June 8, 2023 | Banking

Update 693 — “Stupid” Bad, but Systemic WorseBank Bust Risks and Rewards for CEOs… and Us Reckless and risky financial behavior is on full display in Washington this week, with financial system stability, if not the macroeconomy in the balance. Exhibit A is the ongoing debt limit negotiation, where serious demands that energy project permitting …

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Regulatory Response to SVB

March 30, 2023 | Banking, The Fed

Update 680 — Regulatory Response to SVB:Feds Saw Problems but Hands Tied by Regs To hear some (the GOP, the WSJ) tell the story, the collapse of Silicon Valley Bank was caused by the Fed’s interest rate policy and regulators asleep at the wheel. But as today’s House Finance Services and yesterday’s Senate Banking Committee …

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Run Halted, SVB Dust Settles

March 30, 2023 | Banking

Update 676 — Run Halted, SVB Dust SettlesImplications for Regulation and US Economy The sudden collapse and seizure of the Silicon Valley Bank Financial Group (SVB) and Signature Bank over the weekend triggered memories of the fear, anxiety, and economic turmoil that followed the bank failures of the 2008 financial crisis. The Biden administration, the …

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Big Bank Bash on Hill

September 29, 2022 | Banking, Consumer Finance, The Fed

Two signal events occurred in the financial policy space this week. The big bank CEO hearings this week in the House Financial Services and Senate Banking Committees are becoming an annual event featuring both chieftains of banking and important consumers of other public policy issues. CEOs of seven major U.S. banks appeared before Congress and …

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