Most people will know that on the January 1, 2016, deposit insurance in the UK will fall to £75k from £85k. What they may not know is why. 980 more words
Tags » Too Big To Fail
The Fed proposed its long-awaited Total Loss-Absorbing Capacity (TLAC) requirements on October 30th. As expected, the Fed’s proposal came out tougher than the Financial Stability Board’s (FSB) TLAC standard proposed last year, 1,900 more words
A plan meant to ensure that the world’s largest banks have enough of a financial cushion to absorb losses without failing could force big lenders to raise as much as $1.19 trillion by 2022. 224 more words
The Financial Industry’s Bankruptcy Plan for Resolving Failed Megabanks Would Give Unwarranted Benefits to Their Executives and Wall Street Creditors
New York Times — WASHINGTON — Stung by years of criticism that it has coddled Wall Street criminals, the Justice Department issued new policies on Wednesday that prioritize the prosecution of individual employees — not just their companies — and put pressure on corporations to turn over evidence against their executives.