The Financial Stability Board (FSB), the six-year-old international body created in response to the Great Recession, has issued requirements intended to keep “systemically important” banks solvent particularly during crisis in an effort to prevent firms that are “too big to fail” and have to be bailed out via government funds. The financial requirements for banks… Read More >>
S&P May Cut Ratings for BofA, Citi, JPMorgan, Morgan Stanley & Others
Eight major U.S. financial services firms may have another issue to worry about as ratings agency Standard & Poor’s is putting them on a watch list for ratings cuts because these firms may be affected by a proposed rule of the Federal Reserve ending bailouts for firms that are “too big to fail.” The eight… Read More >>
