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0 -0.000363901018922781 -0.00109170305676847 -0.0005458515283843 0.00427583697234351 0.0100072780203785 0.0169213973799127 0.0198326055312955
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Big Wall Street banks see chance to weaken post-crisis rule [MSN Money]

BANK of NEW YORK MELLON (BK)  More Company Research Source: MSN Money
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF © Justin Sullivan/Getty Images A Citibank branch office in San Francisco. Citibank is among the big banks seeking to relax some post-crisis rules that toughened bank oversight. 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. Popular Searches Sign Up For the Morning Briefing Newsletter Load Error But a little-noticed provision, which creates a small exemption to a capital requirement meant to prevent banks from running into the s [Read more]

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