loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House
Lending / The Ticker

Fed continues to worry about banks that could crash the system

Releases info on sound risk-control practices

Federal Reserve graphic
/ Print / Reprints /
| Share More
/ Text Size+

Too-big-to-fail worries are far from over at the Federal Reserve.

The prudential regulator released more information Friday on what it expects eight domestic bank holding companies to do to prepare for the unexpected, such as a massive financial crisis or a material weakness within the banking system.  

The additional guidance applies to Bank of America (BAC), Bank of New York Mellen, Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley, State Street Corp. (STT) and Wells Fargo & Co. (WFC).

The Federal Reserve advised these institutions to ensure they have robust systems to manage collateral, information, payments, clearing and settlement activities in case they enter a period of tight liquidity and stress.

Click here to read more from the Federal Reserve website.

Recent Articles by Kerri Panchuk

Comments powered by Disqus