Page 2 - Greg Baer News Today

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

President Joe Biden's efforts to shore up major banks could imperil financing for green energy projects, Politico reported Tuesday.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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

Big U.S. banks are yearning for a bit of European-style regulation.

About 300 million full-time jobs across the globe could be lost (or greatly diminished) due to the recent boom in artificial intelligence, Goldman Sachs estimates.

The proposal, which is subject to industry feedback, would see banks raise their long-term debt issuance by roughly 25 per cent

The changes represent one of the biggest revamps of bank capital rules since the 2008 financial crisis.

While critics said the new proposal could crimp shareholder dividends and buybacks for years to come, regulators said big banks have ample time and capital to comply without hurting either.

The move comes amid growing concern about the banking system's health as corporate and consumer borrowers absorb a series of punishing rate hikes by the Fed.