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...The latest iteration of its framework on bank capital, known as Basel III or Endgame, has met with fierce lobbying by US banks, which fear significant increases in their capital requirements....
...The meetings have been held over the past six months with US and European financial institutions including Citigroup and Standard Chartered as well as some local banks, they said....
...Jack Inglis, chief executive at the Alternative Investment Management Association, which also joined the lawsuit, added that the SEC had “ignored calls from industry, market participants and Congress to...
...US retirement plan participants have become markedly more gloomy in the past two years about their ability to save for old age, according to a new BlackRock study, which warned high inflation and volatile...
...“I would like for us as a board to [say] that we should not be accepting self-certification.”...
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...Between banks, 401ks and other investments, the average person has seven different accounts when they retire, some subject to tax, others not....
...The US Chamber of Commerce has already filed a lawsuit alleging that the FTC overstepped its authority and further legal challenges are expected....
...Federated’s Donahue said: “They threatened us with death with big swing pricing, and then they only waterboarded us [with liquidity fees]....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on X Letter in response to this column: Cash-balance pension plans flatter to deceive / From John Ralfe, John Ralfe Consulting, Hognaston,...
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Wealthy Britons had been using investment trusts since the 1870s, but MFS made diversified investments accessible to the masses....
...Poor data undermines trust and skews forecasting — as several central banks, including the Bank of England, discovered when it came to inflation....
...Cohen, 46, who joined Goldman as an analyst in 1999, rose rapidly through the ranks of the investment bank and became a partner in 2014....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on X...
...“Their experience and track record of supporting marquee alternative asset managers will be helpful to us as we continue to grow.”...
...His efforts to rebuild trust foundered at a March 2019 congressional hearing where his testimony prompted politicians to call for his dismissal....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...When New York Community Bank reignited concerns about US regional banks by revealing big losses from commercial real estate loans at the end of January, Steven Mnuchin spotted his chance to get back into...
...brooke.masters@ft.com Follow Brooke Masters with myFT and on X Letter in response to this column: Music sector’s jarring note on gender progress / From Leyla Khosrowshahi, New York, NY, US...
...Goldman executives argue that the bank is making progress on building the ranks of top women....
...Asset managers contend that this will drag down returns and force the closure of retail funds that buy bank loans....
...Portnoy’s involvement and the details of the licensing agreement were not disclosed to the independent board members of VanEck’s ETF trust when they approved the fund and its management fee of 0.75 per cent...
...They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
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