Effingham Daily News, Effingham, IL

Local News

August 21, 2013

Obama urges renewed push for Wall Street overhaul

(Continued)

The Federal Reserve last month raised the amount of capital that big banks must hold to reduce the threat they might pose to the broader financial system. The requirements, which meet international standards agreed to after the downturn, have met some resistance from financial institutions as being too high, but have also been criticized for not being high enough.

“There is a trade-off between holding capital and the ability to lend,” said Scott Talbott, a senior lobbyist for the Financial Services Roundtable. “Our concern is that as you take a look at all the regulations in totality, you will decrease the banks’ ability to help the economy.”

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Local News
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    Hunters in Cumberland and Fayette counties may need to seek treatment for their late-winter deer fever.

    July 24, 2014

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    July 22, 2014 1 Photo

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    July 20, 2014

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