Regulations on big banks loosened

Regulations on big banks loosened

0 0 6 months ago
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The Federal Reserve has decided to end some of the public pass-fail grades it gave big banks after their annual stress tests, which came as a result of the Dodd-Frank Act during the Great Recession. A bank will no longer receive a grade if it has taken the test for the past four years and passed in the most recent year, a move critics say raises the risk of another 2008-style financial collapse. Brad Birkenfeld, a famed whistleblower who single handedly brought down international money ... See More

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