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Michelle Price

Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A

21 Nov 2019

WASHINGTON A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said.

Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A

21 Nov 2019

WASHINGTON, Nov 21 A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said.

Exclusive: Freddie Mac hires McKinsey to review capital with government overhaul looming

07 Nov 2019

WASHINGTON Housing finance giant Freddie Mac has hired management consultancy McKinsey & Company to advise on capital management, a spokesman said Thursday, as Freddie and its regulator start the long process of overhauling the firm and ultimately removing it from government control.

EXCLUSIVE-Freddie Mac retains McKinsey & Company to consult on capital management

07 Nov 2019

WASHINGTON, Nov 7 Housing giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.

U.S. regulators seek industry input on bank rating system - Fed

19 Oct 2019

WASHINGTON U.S. banking regulators on Friday sought public comment on the decades-old framework used to assess the health of the nation's banks, in another win for the industry which has long complained the system is opaque and outdated.

JPMorgan's Dimon says Facebook's Libra currency 'will never happen'

19 Oct 2019

WASHINGTON Facebook's Libra digital currency project is "a neat idea that will never happen," JPMorgan Chase Chief Executive Jamie Dimon said on Friday, adding to scepticism about the project that has faced criticism from policymakers and some regulators.

UPDATE 1-U.S. regulators seek industry input on bank rating system - Fed

18 Oct 2019

WASHINGTON, Oct 18 U.S. banking regulators on Friday sought public comment on the decades-old framework used to assess the health of the nation's banks, in another win for the industry which has long complained the system is opaque and outdated.

Facebook executive confident Libra will win enough financial backers

17 Oct 2019

WASHINGTON Facebook Inc, whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.

Non-U.S. banks still vulnerable to dollar funding shocks, IMF warns

11 Oct 2019

WASHINGTON Despite measures introduced following the 2007-2009 financial crisis to strengthen the global banking system, non-U.S. banks remain vulnerable to a disruption in the U.S. dollar funding market, the International Monetary Fund warned on Friday.

Fannie Mae, Freddie Mac shares tumble as Treasury overhaul plan disappoints

06 Sep 2019

Shares of Fannie Mae and Freddie Mac slumped on Friday amid disappointment over a long-awaited U.S. Treasury Department plan to begin recapitalising the mortgage giants and return them to private control after their bailout during the 2008 financial crisis.

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