Kanter's banking push gives Wall Street a chill
Assistant Attorney General Jonathan Kanter’s overall way of dealing with antitrust enforcement has given Wall Street fits.
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Assistant Attorney General Jonathan Kanter’s overall way of dealing with antitrust enforcement has given Wall Street fits.
Big businesses and the banking lobbyists have been on the warpath against the divisive consumer finance watchdog for months claiming he exceeded his authority in a high-profile bid to cap credit card late fees at just $8.
The prospect that high rates will continue to weigh on indebted households and firms as the race heats up could undercut his message of optimism.
Yes, regional bank stocks are swooning. But don’t expect bank regulators to act unless they start to see deposits start to crumble.
The spread between one-month and three-month yields is the widest it’s ever been.