Receiving Wide Coverage ...
Leveraging Up: Regulators are slated to finalize a new rule on Tuesday mandating the amount of loss-absorbing capital big banks must hold on their books. Banking agencies last summer proposed raising the leverage ratio to 5% for bank holding companies and 6% for their insured subsidiaries. Those figures are expected to hold steady at the final vote, though how the ratio is calculated could be fine-tuned.
Hitting the CLO Pause Button: Banking regulators are giving institutions two additional years, until 2017, to make sure their collateralized loan obligations are in line with the Volcker Rule. Industry stakeholders and some lawmakers have warned that banks will have to sell off billions in CLO holdings to comply with the rule and many of those same advocates expressed disappointment on Monday when regulators issued their decision, saying an extension falls short of mending the problem.
Wall Street Journal
More bad news for Citi. The bank is telling investors that it could
Illinois Attorney General Lisa Madigan filed a lawsuit Monday
Financial Times
A major European Union agreement coordinating the handling of bank failures
Citigroup has agreed to a
New York's financial regulator Benjamin Lawsky has reportedly opened his own