A proposed change to a post-financial crisis rule could shake things up for banks, making it easier for them to invest in or sponsor venture capital funds, The New York Times reported. The Federal Reserve unveiled the proposal Thursday along with other banking agencies. Under...
Federal Reserve Chair Janet Yellen defended financial reforms that were put in place after the Great Recession, arguing they have strengthened the financial system and haven’t hurt economic growth. Speaking during the annual central bank research conference, which was covered by Reuters, Yellen said any...
Banks’ bottom lines may get a boost from deregulation from Capitol Hill. Barron’s noted this past weekend that a spate of proposals to roll back at least some regulatory requirements would, should they make it across various legislative hurdles, make lending a bit easier and...
June 25, 2020
The FDIC’s decision to ease the Volcker Rule could prove to be a boon for some startups, freeing up banks to invest tens of billions of dollars in high-risk venture capital funds that specialize in fast-growing fledgling companies. Bank stocks surged on the news, which will free financial institutions (FIs) to pump as much as […]
