C Sep 2024 47.000 call
| Previous close | 12.17 |
| Open | 13.90 |
| Bid | 9.90 |
| Ask | 10.05 |
| Strike | 47.00 |
| Expiry date | 2024-09-20 |
| Day's range | 12.17 - 14.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.5k |
- Yahoo Finance Video
How one SCOTUS ruling could impact new bank rules
Federal Reserve official Michael Barr has unveiled new regulatory proposals targeting US banks. The changes would require the country's biggest banks to boost their capital reserves by an aggregate of 9%. To discuss the implications of these proposals, Catalysts welcomes Chairman of Whalen Global Advisors Chris Whalen. Whalen argues that the focus of this regulatory effort should have been on market risks rather than capital. He points out that since the Supreme Court overturned the "Chevron deference" doctrine, which previously gave regulatory agencies the benefit of the doubt when interpreting ambiguous laws, federal regulators are now more "vulnerable to losing in court" if banks choose to challenge their decisions legally. "The large banks are not happy seeing a 25% increase in capital [reserves] because they don't need it. These banks are giving back capital to investors every quarter. In fact, they would like to give back more. The banks are under-levered in terms of opportunity," Whalen tells Yahoo Finance. He adds, "So I think that the regulators are still not looking forward to future risks, they're looking behind." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
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