SIFIs

With the Federal Reserve and Federal Deposit Insurance Corp. poised to announce the results, it's not clear who should be the most nervous: banks, regulators or the American people.

Survey results of voter attitudes from competitive swing districts indicate that the 2010 financial law is ripe for reform.

WASHINGTON — The Federal Reserve Board released an interim rule Thursday implementing a congressionally mandated reduction in the Fed dividend for banks with over $10 billion in assets.

WASHINGTON — The Federal Deposit Insurance Corp. is moving forward with a plan to force big banks to keep better track of their insured deposits.

While little is known about what regulators are weighing as they grade the 12 biggest firms' resolution plans, experts deeply familiar with the process are speculating that liquidity could be a determining factor in whether the plans are deemed credible or sent back to the drawing board.

In what could be seen as a Nixon-to-China moment, Minneapolis Fed President Neel Kashkari, a former Goldman Sachs executive and one of the architects of Treasury's bailout of the largest banks, said that breaking up the big banks and turning them into public utilities may be the only way to solve "too big to fail."

Federal Reserve Bank of Minneapolis President Neel Kashkari said Congress hasn't gone far enough to protect the U.S. economy from potential crises and unveiled plans to study options for regulators that include breaking up the nation's largest financial institutions.

Lawmakers opted for broadening the focus and makeup of the Financial Stability Oversight Council, but a more focused systemic risk regulator would have had a better chance of success.

Large banks are not buying preferential treatment by contributing to her campaign, Hillary Clinton insisted again on Thursday, attempting to rebut charges leveled at her by Sen. Bernie Sanders.

Senate Banking Committee members pushed Federal Reserve Chair Janet Yellen Thursday for some indication of whether the central bank would approve banks' so-called "living wills" or instead will force asset sales and other steps to simplify their structures.