Alexa Philo News Today

View the The Philadelphia Tribune for Sunday, December 17, 2023

As banks have offered fewer home loans, companies such as Quicken Loans and Guaranteed Rate – “non-bank lenders” that are not subject to the same strict oversight facing banks – have stepped in to fill some of the gaps.

Democrats are scrambling to prevent a conflict between their goals of fighting climate change and shoring up big banks.

Democrats are scrambling to prevent a conflict between their goals of fighting climate change and shoring up big banks.

The dispute underscores the economic and political tensions that have long strained global agreements designed to prevent another banking meltdown.

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Acting Comptroller of the Currency Michael Hsu is still concerned about the concentration of large firms atop the banking sector.

Barr said lowering the threshold for new capital requirements from $700 billion in assets would strengthen the banking system after recent bank failures.

Assistant Attorney General Jonathan Kanter’s overall way of dealing with antitrust enforcement has given Wall Street fits.

But it may become harder to reject more banking consolidation as the industry continues to reel from interest rate hikes and deposit runs.