Bank Holding Company News
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Bill Rubin, a senior investment analyst at BlackRock Inc. who picks financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase & Co. right after the bank disclosed a trading loss that ultimately cost more than $6.2 billion.
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When Oklahoma energy billionaire George Kaiser opened the Northeast Gateway liquid natural gas terminal in 2008, the floating depot’s first delivery was shipped on the Excellence, a 909-foot supertanker that holds 138,000 cubic meters of LNG -- enough gas to meet more than 4 percent of daily U.S. demand.
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Japan joined Germany in opposing a proposed U.S. Federal Reserve rule aimed at compelling large foreign bank holding companies to hold more capital and liquidity in their American subsidiaries.
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Germany’s top two banking regulators oppose a proposed Federal Reserve rule aimed at compelling large foreign bank holding companies to hold more capital and liquidity in their U.S. subsidiaries.
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Boston Federal Reserve President Eric Rosengren said banks should hold more capital if they own a broker-dealer unit because such businesses pose greater risks during periods of financial stress.
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Federal Reserve General Counsel Scott Alvarez said “more work remains to be done” to curb the perception that the largest banks are too big to fail.
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U.S. lawmakers are making progress convincing derivatives traders that taxpayers won’t bail out the biggest banks if another financial crisis erupts.
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In little more than a decade, Promontory Financial Group LLC has evolved into a new kind of Washington player tapped by banks including Morgan Stanley and Citigroup Inc. to resolve regulatory disputes behind the scenes.
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Goldman Sachs Group Inc., the fifth- largest U.S. bank by assets, said Stephen Friedman will retire from its board of directors on May 22.
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A reduction in Moody’s Investors Service’s estimate of how much taxpayer support financial firms will receive in a crisis may result in credit ratings cuts for banks from Wells Fargo & Co. to Goldman Sachs Group Inc., according to JPMorgan Chase & Co.
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