Chief executives from the nation’s largest banks are warning lawmakers, especially Democrats, that the Fed's proposed higher capital requirements will harm consumers and the economy. Sen. Mark Warner appears to be listening.
Big Bank CEOs testified before the Senate Banking Committee on Wednesday, responding to lawmaker inquiries into banking regulation and the Federal Reserve's proposed capital requirements. Senator Mark Warner (D-VA) joined Yahoo Finance’s Jennifer Schonberger to weigh in on the US financial system. Addressing the alarm raised by various bank executives regarding the Fed’s capital requirements, Sen. Warmer states plainly: “they’ve got an argument." Warner expresses frustration with banks’ reluctance to use tools such as the “discount window” that could address issues including liquidity risk. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In this article, we will be taking a look at the top 20 most valuable American companies today. To skip our detailed analysis, you can go directly to see the top 5 most valuable American companies today. When the U.S. sneezes, the world catches a cold. This one saying illustrates the importance of the U.S. […]