Big Banks Were Trembling After Fed Testimony, Says Memo – ValueWalk Premium

Big Banks Were Trembling After Fed Testimony, Says Memo

Big banks trembled this week as U.S. Federal Reserve Governor Dan Tarullo before Senate Banking earlier this week and announced a tough set of new rules for the largest banks, according to a memo from Federal Financial Analytics.

“They should have been even more afraid: his written testimony takes Fed policy one step farther by declaring that the big banks must be safer than a small one . . .

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