Banks Shift Focus to Powell in Capital Fight
Also, a divided SEC seeks to rein in brokerages' 'conflicted' algorithms and data prompts
As regulators prepare to release their stepped up big bank capital regime tomorrow, Wall Street has been quietly laying the ground for a new attack on the plan – even before the specifics are known. The shift in strategy builds on an ongoing effort to paint the proposal’s main architect, Fed Vice Chair for Supervision Michael Barr, as an anti-bank parti…
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