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The top banking regulator at the US central bank has said he will step down from his role early, citing the "risk of a dispute" as Washington prepares for a new administration. Michael Barr, who ...
File photo: Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on ...
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U ...
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
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On 24 March 2014, Jiangsu Sheyang Rural Commercial Bank in Yancheng, China suffered a three-day bank run after rumors of the bank turning down a cash withdrawal transaction emerged. [31] Supposedly, some branches remained open for 24 hours for the duration of the bank run, and tellers stacked cash behind teller windows to calm and reassure ...
Its share price plunged 25% on the news and UBS stepped in to buy the bank. Axel Lehmann, former chairman of the bank, later sought to blame the American bank failures for triggering Credit Suisse's demise, though other analysts disputed that characterization. The bank had experienced many years of multi-billion dollar losses, scandals ...
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