The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds.
The Federal Reserve is easing restrictions imposed on small banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump.
She’s only been a member for five years, but Lisa Lugauskas is on a fast track to leadership at Connecticut’s largest organization for women in the commercial real estate industry.
The Consumer Financial Protection Bureau yesterday released its five-year strategic plan, marking a change in enforcement strategy and laying out its mission and strategic objectives under the new administration.
The capital ratios of Webster Financial Corp. and its $26 billion asset subsidiary, Webster Bank, would exceed regulatory minimums during a severely adverse economic time period, according to the company’s latest Dodd-Frank stress test results.
Big U.S. banks are set on getting Congress this year to loosen or eliminate the Volcker rule against using depositors’ funds for speculative bets on the bank’s own account, a test case of whether Wall Street can flex its muscle in Washington again.
