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End Too-Big-To-Fail | Sen. Sherrod Brown [video]
Sherrod Brown (D-Ohio), along with unlikely ally Sen. David Vitter (R-La.), is launching an effort to increase capital requirements for big banks and remove risk-weighting of assets as proposed under...
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David Vitter discusses bipartisan bill to end Too-Big-To-Fail | CNBC [video]
Senator David Vitter (R-La) along with Senator Sherrod Brown (D-Ohio) is launching an effort to increase capital requirements for big banks and remove risk-weighting of assets as proposed under Basel...
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Can two senators end ‘too big to fail’? | The Big Picture
Barry Ritholz writes: The idea that two senators from opposite sides of the ideological spectrum can find common ground to attack a problem with a simple solution is novel in the Senate these days. If...
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Too-big-to-fail Q&A. Get the facts | Sober Look
Interesting pro-bank piece by Sober Look. I have added my comments in italics. The debate around “too big to fail” of the US banking system is often infused with political rhetoric and media hype....
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Making banks hold more capital is not going to wreck the economy
Mark Gongloff quotes Anat Admati and Martin Hellwig of the Max Planck Institute, authors of the recent book The Bankers’ New Clothes: What’s Wrong With Banking And What To Do About It, from their...
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Bloated business of banking | The Australian
Adam Creighton discusses the likelihood of taxpayers being asked to bail out too-big-to-fail banks. In Australia that probability is now 100 per cent. Standard & Poor’s, a ratings agency, gives...
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Emperors of Banking Have No Clothes | Bloomberg
The too-big-to-fail problem for banks is greater today than it was in 2008. Since then, the largest U.S. banks have become much larger. On March 31, 2012, the debt of JPMorgan Chase was valued at $2.13...
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Ending Too Big to Fail | The Big Picture
From an address by William C. Dudley, President of the NY Fed, to the Global Economic Policy Forum, November 8, 2013: There is evidence of deep-seated cultural and ethical failures at many large...
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Disturbing trends with financial crises
From the Economist: Five devastating slumps—starting with America’s first crash, in 1792, and ending with the world’s biggest, in 1929—highlight two big trends in financial evolution. The first is that...
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Shilling: Big Banks Shift to Lower Gear | The Big Picture
Gary Shilling describes how US regulators are getting tough with big banks: Break-Up Like unscrambling an egg, it’s hard to envision how big banks with many, many activities could be split up. But, of...
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Global Bank Regulator Calls for Larger Capital Cushions | CFO
Matthew Heller reports that the Financial Stability Board, chaired by BOE Governor Mark Carney, is set to table fresh proposals at the upcoming G20 meeting in Brisbane. The world’s top 30 “systemically...
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The Fed Sends A Frightening Letter To JPM | Zero Hedge
From Pam Martens and Russ Martens via WallStreetOnParade.com: Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan...
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