Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, record coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average fell 534 …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, an increase in coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average …
Read More »Bank stocks are falling because the Federal Reserve has limited its dividends and suspended its buybacks
The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …
Read More »Bank regulators ease with Volcker rule
Text size JPMorgan Chase shares rose in response to the news. Spencer Platt / Getty Images Bank investors who braced themselves for the bad news on Thursday got at least one dose of something positive: regulators eased the risk-taking restrictions imposed after the 2008-09 financial crisis. The Federal Deposit Insurance …
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