Category: 26 September 2023

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Politicians Or Businessmen Greeting Each Other
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BANK LOBBY SPENDING MILLIONS TO KILL MODEST REGULATORY CHANGE

In July, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, and U.S. Federal Reserve proposed a regulation to require banks with $100 billion or more in assets—so-called “megabanks”—to set aside more capital as reserves against loan losses and to ensure general operational stability.

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