Senator Nelson W. Aldrich introduced a plan to create a central regulatory authority over commercial banking, investment banking and the stock market in 1912. Sound... Read More
Receiving Wide Coverage ... JPMorgan: The FT analyzes JPMorgan's regulatory filings and infers that the bank takes more risk when investing excess liquidity —... Read More
On the whole, large banks appear to have primed their books for a rebound in rates: levels of short-term assets relative to short-term liabilities are now higher than they have been during roughly the past decade. The postures of individual institutions vary widely, however.
Despite richer returns available further out on the yield curve, large banks have generally not shifted toward long-dated securities, according to regulatory data.
Growth was particularly brisk at institutions with less than $20 billion of assets, where CEO compensation measured 2% of total payroll expenses, a far higher level than at larger banks.
Annual meetings held by Citi and Bank of New York Mellon have been shaken by investor dissent over executive pay, and observers anticipate more rebukes in the coming month.
Dodd-Frank merely shifted the derivatives market from a bilateral to a more transparent cleared model. Though the changes will be dramatic, it won't change the market's importance.
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