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.
NEW YORK, December 07, 2023--Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the "Fund") announced today that its Board of Directors has approved a tender offer to acquire in exchange for cash up to 20 percent of the Fund’s outstanding shares at a price equal to 98.5 percent of the Fund’s net asset value per share ("NAV") (net of expenses related to the tender offer) as of the close of regular trading on the New York Stock Exchange ("NYSE") on the business day immediately following the day