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Wall Street Banks Face Eased Leverage Rules in U.S. Proposal [Bloomberg Business News]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Bloomberg Business News
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF By Jesse Hamilton Updated on Capital demand on bank subsidiaries could fall by $121 billion Fed and OCC proposal might boost bank lending by billions Bair Says Crapo Bill Dilutes 'Key Constraints' on Leverage U.S. regulators are poised to ease leverage limits for Wall Street banks, potentially freeing up tens of billions of dollars for lending and other business activities in the latest move to relax post-crisis financial rules that the Trump administration blames for stifling growth. In its second significant proposal this week, the Federal Reserve -- along with the Office of the Comptroller of the Currency -- said Wednesday that it wants to scrap an existing method for measuring each bank’s borrowing limits and instead tailor restrictions to the risks posed by specific firms. Read More: Deposit-Shunning Banks Get Big Break as U.S. Eases [Read more]

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