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Big Wall Street banks gear up for the next round in 'the Dodd-Frank wars' [CNBC]

BANK of NEW YORK MELLON (BK)  More Company Research Source: CNBC
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF Stan Honda | AFP | Getty Images JPMorgan Chase headquarters, New York. The first significant bipartisan attempt to alter rules established after the 2008 financial crisis is turning into a battle on Capitol Hill, as some of the biggest Wall Street banks seek to weaken a crucial requirement aimed at ensuring that they can withstand financial losses. The Senate plans to vote this week on a bill aimed at allowing hundreds of smaller banks to avoid some of the stricter federal rules ushered in as part of the 2010 Dodd-Frank law, while leaving the toughened regulatory regime largely intact for the nation's biggest banks. More from the New York Times: Ryan criticizes tariff plan as Trump issues Nafta threat Google to sell Zagat to The Infatuation, an upstart review site Threat of shootings turns school security into a growth industry But a little-noticed provision, which creates a small exemption to a capital requirement meant to prevent ba [Read more]

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