House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) said Thursday (March 21) that the Basel III Endgame proposal and other projects threaten to give global governance bodies authority over American financial regulation. This threatens to weaken the country’s standing on the global stage, McHenry said in opening...
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve’s benchmark rate hikes...
July 24, 2024
The Basel III Endgame proposal requires “broad and material changes,” and a re-proposal is necessary, Federal Deposit Insurance Corp. (FDIC) Vice Chairman Travis Hill said Wednesday (July 24). Speaking at an American Enterprise Institute event covering bank regulatory and resolution issues, Hill said that the proposal “lacked appreciation for its real-world impacts,” according to remarks […]
March 21, 2024
House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) said Thursday (March 21) that the Basel III Endgame proposal and other projects threaten to give global governance bodies authority over American financial...
October 09, 2023
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key...
