Receiving Wide Coverage ...
Signed, sealed ... maybe not delivered: Bernie Sanders fans, take heart. The Democrats released their party platform late last week and it includes a proposal for the U.S. Postal Service to offer basic banking services, like cashing checks. The concept has previously been backed by labor unions, Sen. Elizabeth Warren – and yes,
Still, it's unlikely to come to fruition anytime soon, given the sorry state of the post office's budget and the fact that such a provision would require congressional approval. The party document includes some additional banking measures: a defense of the Consumer Financial Protection Bureau, support for a financial transactions tax and a proposed ban on bankers sitting on the boards of the Federal Reserve's 12 regional banks. The platform also calls for an updated version of the Glass-Steagall Act, which the GOP platform recently endorsed.
Wall Street Journal
Getting serious: The battle over
Tipping the scales: Observers lauded
Always be prepared: Some of the country's biggest lenders said in recent earnings reports that they're increasing their reserves,
Chasing NIM:
Financial Times
Swaps struggle: Banks, particularly in Europe, are running into
New York Times
Payday crackdown: The paper explores the possible impacts, on borrowers and lenders alike, of the Consumer Financial Protection Bureau's upcoming