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COLUMBIA, S.C. (AP) — A frustrated Dabo Swinney defended his Clemson career to a radio caller who questioned his performance as one of college football's highest-paid coaches. The Tigers entered the season as favorites to win the Atlantic Coast Conference title after winning their eighth since 2011 under Swinney. “We are at a point now where if you don’t go undefeated, ‘you are losers and you’re terrible’ and that is just such a terrible mindset,” Swinney said then. Clemson went on to lose its next two games at Miami, 28-20 in overtime on Oct. 21 and at North Carolina State, 24-17, on Saturday. It's the first time Clemson has lost four games in a season since 2010, when it went 6-7 in Swinney's second full season.

Persons: —, Dabo Swinney, “ Tyler, Swinney, ” Swinney, “, don’t, ”, Jeff Kallin, Graham Neff, ___ Organizations: COLUMBIA, Clemson, Spartanburg ”, “, The Tigers, Atlantic Coast Conference, Tigers, Miami, North Carolina State, Notre Dame, Valley, AP Locations: Spartanburg, Swinney's

A weeklong hearing on one lawsuit to bar Trump from the ballot in Colorado begins Monday, while on Thursday oral arguments are scheduled before the Minnesota Supreme Court on an effort to kick the former president off the ballot in that state. Whether the judges keep Trump on the ballot or boot him, their rulings are likely to be swiftly appealed, eventually to the U.S. Supreme Court. Then last year, it was used by CREW to bar the head of “Cowboys for Trump” from a county commission seat in rural New Mexico. The judge overseeing Greene’s case ruled in her favor, while Cawthorn’s case became moot after he was defeated in his primary. Free Speech For People filed the case in Minnesota, where challenges to ballot appearances go straight to the state supreme court.

Persons: Donald Trump, Trump, “, “ We've, Barack Obama, Ted Cruz, John McCain, ”, Derek T, Muller, they're longshots, ” Muller, ” Trump, hasn't, —, ’, Salmon Chase, Marjorie Taylor, Greene, Madison Organizations: DENVER, White House, U.S, Supreme, Trump, Minnesota Supreme, Notre Dame, U.S . Capitol, United States Capitol, Republican, Citizens, Representatives, “ Cowboys, Trump ”, Madison Cawthorn Locations: Colorado, Minnesota, United States, Washington, New Mexico

☆ What to know about the 14th Amendment Trump disqualification trial in Colorado
▼ + stars: | 2023-10-29 | by ( Marshall Cohen | ) edition.cnn.com time to read: +7 min

The challengers have scored a series of pretrial victories, defying expectations by defeating several motions by Trump and the Colorado GOP to throw out the case. They want a court order blocking Griswold from putting Trump’s name on Colorado’s GOP primary ballot and the general election ballot. • Does Griswold have the power under Colorado law to exclude a candidate from the ballot based on federal constitutional considerations? And President Trump never advocated for or incited violence on January 6, 2021.”Why is this happening now? She graduated from the University of Colorado Law School in 1999.

Persons: “, Donald Trump, Trump, ” “, We’ve, ”, Derek Muller, “ It’s, it’s, ” Muller, United States …, State Jena Griswold, Griswold, hasn’t, Sarah Wallace, Wallace, Norma Anderson, rioter, Jared Polis, Ballard Spahr Organizations: Republican, Colorado, Colorado GOP, Court, Notre Dame Law School, Confederates, United, State, GOP, Democrat, Trump, Colorado House, Capitol, Colorado Gov, University of Colorado Law School Locations: Denver, Washington, Colorado, insurrectionists, United States, “ Colorado, Minnesota, Michigan, New Mexico

3 Ohio State remained unbeaten by defeating Wisconsin 24-10 on Saturday night. “I believe he's the best football player in the country," Ohio State coach Ryan Day said. Harrison’s first touchdown gave Ohio State a 10-0 advantage. McCord hadn’t been picked off since Ohio State’s season opener. Ohio State figures to stay at No.

Persons: — Marvin Harrison Jr, TreyVeon Henderson, Braelon Allen, Allen, Harrison, “, Ryan Day, Henderson, Lathan Ransom, Harrison’s, Will Pauling, Locke, Ohio State's Kyle McCord, McCord hadn’t, McCord, Locke couldn't, ___ Organizations: Ohio State, Wisconsin, Penn State, Ohio, Notre Dame, Buckeyes, The Badgers, Illinois, Georgia, Florida, Rutgers, Indiana, AP Locations: MADISON, Wis, Wisconsin, Ohio, Harrison, Michigan, . Wisconsin

That is true both for the two countries at the national level, and for state-level engagement. California has a steady and long working relationship with China. Arnold Schwarzenegger, a Republican governor, started the formal relationship with China over climate cooperation a decade ago, Jaros said. State regulators also have banned the sale of most new gas-powered cars in California by 2035. Meanwhile, the California family of a Christian pastor who has been detained in China since 2006 said Newsom should take any possible opportunity to argue for his release.

Persons: Gavin Newsom’s, Xi Jinping, Joe Biden, Xi, China “, ”, Alex Wang, Trump, Kyle Jaros, Arnold Schwarzenegger, Jaros, Democrat Jerry Brown, “, Wang, Newsom, he’s, Jinping, Alfred Wu, David Lin’s Organizations: —, China -, U.S, Economic Cooperation, UCLA, University of Notre Dame, Republican, Democrat, UCLA’s Emmett Institute, Democratic, National University of Singapore Locations: BANGKOK, — California, China, San Francisco, Asia, California, Hong Kong, U.S, Beijing, Taiwan

NEW YORK (AP) — Donald Trump isn’t used to constraints. Trump is not only a former president, but also the leading candidate for the 2024 Republican presidential nomination. Just days ago, he was fined $5,000 for violating the same gag order, which Engoron imposed after Trump targeted his principal law clerk on social media. Indeed, things are likely to get much more complicated for Trump in the coming months as his four criminal trials get underway. New York court officials have beefed up security for judges and court personnel involved in Trump matters in the wake of the threats.

Persons: — Donald Trump isn’t, Trump, “, ” Judge Arthur Engoron, ”, Jimmy Gurule, Engoron, Radical Left Democrat ”, Letitia James “, ” Gurule, jailing, Gurule, overshadowing, Laurie Levenson, he’s, —, Jack Smith, ” Levenson, Martin Shkreli, Hillary Clinton’s, Sam Bankman, Smith, “ weaklings, Aileen Cannon, Juan Manuel Merchan, ” Engoron, fining Trump, ___ Tucker, Durkin Richer, Michael R, Michelle L, Price, Jake Offenhartz, Jennifer Peltz Organizations: White, Republican, Notre Dame, Radical Left Democrat, New York, Trump, Loyola Law School, ” Prosecutors, Associated Press Locations: New York, York, Brooklyn, Manhattan, Washington, Trump, Boston, Sisak

The scheduled Fed board meeting will mark the first time in over a decade that the central bank has proposed revising the fees, which generated around $24.31 billion for lenders in 2019, the most recent Fed data shows. The Fed has not said how it plans to change the fees, which have long been criticized by retailers as disproportionately high, and a spokesman for the central bank declined to comment. The Wall Street Journal reported last week that the Fed will lower the caps, sending shares in credit card companies Visa V.N and Mastercard MA.N lower. In 2011 the central bank capped them at 21 cents per transaction, plus 0.05% of the transaction cost. Analysts said that it is likely the Fed could face a legal challenge from either industry if it pursues new caps.

Persons: Austen Jensen, Dodd, Frank, Banks, TD Cowen, Jaret Seiberg, Pete Schroeder, Michelle Price, Aurora Ellis Organizations: U.S . Federal, Fed, Retail Industry, Association, Street, Visa V.N, Mastercard MA.N, Thomson

MAYWOOD, Ill. (AP) — Former NFL player Sergio Brown, charged with killing his mother, bought a one-way ticket to Cancun, Mexico, after being the last person seen with the woman before her slaying last month, a prosecutor said Wednesday. Brown, who faces charges of first-degree murder and concealing a homicide, appeared in court for a detention hearing Wednesday before Cook County Judge Teresa Molina-Gonzalez, who denied him pretrial release. The body of his mother, Myrtle Brown, was discovered Sept. 16 near a creek in Maywood, about 12 miles (19 kilometers) west of Chicago. Brown, 35, and his 73-year-old mother lived together in Maywood. The cellphones of Brown and his mother showed they were near the same location at the estimated time of her death, Villarreal said.

Persons: —, Sergio Brown, Brown, Teresa Molina, Gonzalez, Myrtle Brown, Jose Villarreal, Villarreal, Sergio Brown’s, Robert Fox, “, ” Fox, Charnelle Dunlap Organizations: NFL, Chicago Sun, Times, Cook, Fox, East High School, University of Notre Dame, New England Patriots, Indianapolis Colts, Atlanta Falcons, Jacksonville Jaguars, Buffalo Bills Locations: MAYWOOD, Ill, Cancun, Mexico, Cook, Maywood, Chicago, Illionis, Cook County, Colombia

WASHINGTON, Oct 24 (Reuters) - U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending standards to be finalized on Tuesday. The changes to 1977 Community Reinvestment Act (CRA) regulations draw a line under a contentious multiyear effort that was delayed amid fierce lobbying by community groups and lenders, as well as by a change of presidential administrations. Conceived to prevent red lining, CRA regulations are central to banks' overall supervisory performance. Historically, CRA grades focused on how well banks serviced low-income communities where banks have branches. Banks on Tuesday said they supported fair lending but flagged concerns with the final rule.

Persons: Michael Barr, Michelle Bowman, Banks, Randy Benjenk, Lindsey Johnson, Pete Schroeder, Andrea Ricci, Michelle Price, Marguerita Choy Organizations: Federal, Fed, Federal Deposit Insurance Corporation, Office, Covington, Consumer Bankers Association, Thomson Locations: U.S, Burling

☆ What to Know About Dengue Fever as Cases Spread to New Places
▼ + stars: | 2023-10-24 | by ( Stephanie Nolen | More About Stephanie Nolen | ) www.nytimes.com time to read: +1 min

It is unlikely that dengue will become a serious problem in the United States, “as long as people keeping living like they’re living now,” said Thomas W. Scott, a dengue epidemiologist and professor emeritus at University of California, Davis. Outside Puerto Rico and other territories where the disease is endemic, there are about 550 dengue cases each year in the United States, but they are imported by travelers who were infected abroad and passed the disease along to their close contacts. The case in Pasadena is a rare locally acquired case of dengue in the United States. But scientists say dengue will continue to spread to places that haven’t experienced it before. “But I think the general expectation that this is going to be a growing problem in the United States is reasonable.”

Persons: ”, Thomas W, Scott, Alex Perkins, Dr, Perkins Organizations: University of California, University of Notre Dame Locations: United States, Davis, Puerto Rico, Pasadena

☆ University early decision applications mostly benefit rich kids
▼ + stars: | 2023-10-22 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

For them, applying early decision is a risk. According to the latest data from the University of Pennsylvania, the acceptance rate for students applying early decision was 16% for the 2022-23 academic year. “Typically, we admit about half of the incoming class through the early decision admissions plan,” said a University of Pennsylvania spokesperson. That same Duke survey found that nearly half of early decision applicants identified as White. He said he considered applying early decision to Cornell University, but ultimately decided against it.

Persons: ”, “ It’s, Marcella Bombardieri, it’s, Rachel Rubin, “, Duke, Rubin, Sai Mandhan, Mandhan, It’s, he’s, ‘, Cornell … Organizations: CNN, Harvard, Ivy League, University of Pennsylvania, Center for American Progress, Duke University, Students, Georgetown University’s, Court, Yale, Notre Dame, Stanford, Yale University, Cornell University, Cornell, University of Maryland Locations: Maryland

14 Utah blew an 11-point lead in the fourth quarter before rallying for a thrilling 34-32 victory over No. USC kicked a field goal with 3:03 to play, and its maligned defense stopped Utah at midfield. After Utah quickly got to midfield with a personal foul and targeting penalty on USC lineman Bear Alexander, Barnes darted through the USC defense on his rambling run. Vaki caught a 53-yard touchdown pass on the Utes' third play from scrimmage, roaring away from USC's defense in space. Utah does more with less than just about any elite program, and a third straight Pac-12 title is still in play.

Persons: — Cole Becker, Caleb Williams, Bryson Barnes, Sione Vaki, Williams, Lincoln Riley, Zachariah Branch's, Ja’Quinden, Barnes, Calen Bullock, Bear Alexander, Barnes darted, Vaki, —, Cameron, Landen King, Kyle Whittingham's, Alex Grinch's Organizations: ANGELES, Trojans, Utes, Coliseum, USC, Heisman, Notre Dame, Branch, Utah, FBS, AP Locations: Utah, Southern California, . Utah, Oregon, California

WASHINGTON, Oct 20 (Reuters) - The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on Friday. The latest version of the central bank's semiannual report found that three-quarters of survey respondents cited those two issues as prominent near-term risks. Concerns over bank stability following the failure of three large firms this spring were cited by roughly half, similar to levels seen in the May version of the report. Reporting by Pete Schroeder; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Pete Schroeder, Leslie Adler Organizations: Federal, Thomson Locations: U.S

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - A trio of U.S. banking regulators announced on Friday they were giving the public extra time to digest and provide feedback on a broad proposal to raise bank capital requirements that is already facing fierce industry pushback. The regulators are similarly extending the window for a separate proposal that would raise a capital surcharge for the largest global banks. Firms have warned the proposal if finalized could force them to curtail lending, curb product offerings, and lead to economic harm. The "Basel Endgame" proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis.

Persons: Rick Wilking, Banks, Pete Schroeder, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, Federal Deposit Insurance Corporation, Currency, Regulators, Banking, Fed, Thomson Locations: Westminster , Colorado

☆ Judge in Sam Bankman-Fried trial reams out lawyers for having witnesses 'hauled up here' from across the country without much to say
▼ + stars: | 2023-10-18 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Attorneys in Sam Bankman-Fried's Manhattan trial were chewed out by the judge on Wednesday. Judge Lewis Kaplan lost his patience over two witnesses who gave useless testimony. Kaplan was particularly frustrated that one of the witnesses had traveled from Texas to participate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Kaplan's complaints aside, Wednesday was an otherwise efficient trial day, with four witnesses taking the stand in total.

Persons: Sam Bankman, Judge Lewis Kaplan, Kaplan, —, Lewis Kaplan, it's, Bankman, Fried, Eliora Katz, Katz, Cory Gaddis, Gaddis, Peter Easton, University of Notre Dame, Shamel Medrano Organizations: Service, Prosecutors, FTX, Google, University of Notre, US Attorney's Locations: Manhattan, Texas, New York

1 in the women's preseason AP Top 25 college basketball poll for the first time in school history. It’s the same spot the Hawkeyes held last year in the preseason poll. The Tigers were ranked second in 1977 and third twice in 2004 and 2005 in the preseason poll, but never No. The Utes, who haven't been in the preseason poll since 2005, bring back a team led by Pac-12 player of the year Alissa Pili. 12 Ole Miss is in the preseason poll for the first time since 1995.

Persons: Angel Reese, Caitlin Clark, Reese, Hailey Van Lith, Aneesah Morrow, “, ”, Kim Mulkey, Bruins haven't, haven't, Pili, Dawn Staley's, Clark, Paige Bueckers, Rori Harmon, Rickea Jackson, Olivia Miles, Ole, Cardinal, Tara VanDerveer's, It's, ___ Organizations: LSU, NCAA, UConn, Huskies, Iowa, Hawkeyes, UCLA, Tigers, ” LSU, Bruins, Utes, Pac, Gamecocks, Ohio, Virginia Tech, Notre Dame, Hokies, Ole Miss, Rebels, USC, Stanford, Washington State, Cougars, SEC, Big Ten, ACC, Big East, Colorado, Ohio State, AP, womens Locations: Utah, Hailey, Maryland, Pili . South Carolina, Ohio State, Indiana, Texas, Illinois, Colorado, UCLA , Utah, Stanford, Las Vegas, South Carolina, Paris

Oct 15 (Reuters) - Actor Suzanne Somers, best known for her role on the television show "Three's Company" and for fitness and health business ventures, died Sunday at age 76, according to a statement from her spokesperson. "Suzanne Somers passed away peacefully at home in the early morning hours of October 15th,” Somers's spokesperson, R. Couri Hay, said in a statement. “Suzanne was surrounded by her loving husband, Alan, her son Bruce, and her immediate family,” the statement continued. Beyond appearances in television and movies, Somers was also known for writing numerous books, mainly focused on health and nutrition, as well as pitching fitness products like the Thighmaster. Reporting by Pete Schroeder; editing by Diane Craft and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Suzanne Somers, ”, Couri Hay, “ Suzanne, Alan, Bruce, “, Somers, Chrissy Snow, Pete Schroeder, Diane Craft, Gerry Doyle Organizations: New York Times, Thomson Locations: Palm Springs, Calif, Somers

The Bulldogs received 43 first-place votes, Michigan got 16, and Ohio State and Florida State each had one. The last time Washington was ranked this highly this late in the season was 2016, when the Huskies made the College Football Playoff. Seventh straight meeting with both teams ranked. Consecutive seasons with both teams ranked for the Third Saturday in October rivalry. Third straight meeting with both teams ranked after the Utes won both last year to take the Pac-12 title.

Persons: Washington, Kalen DeBoer, hasn't, Nick Saban's, —, Duke, Ralph D, Russo Organizations: Associated Press, Huskies, Oregon, Air Force, Ohio State, Florida State, Bulldogs, Michigan, Washington, Penn State, College Football, Ducks, Texas ., Miami, Notre Dame, Irish, Wyoming, Oregon State, Beavers, Alabama, Arkansas, Crimson Tide, South, LSU, Tide, Auburn, Force, Falcons, —, Kentucky, Tulane, American Athletic Conference, Memphis, Big, Wisconsin, SEC, ACC —, Seminoles, USC, Utes, AP Locations: Georgia, Michigan, Oklahoma, Oregon, Texas, Texas . North Carolina, Southern California, South Florida . Alabama, Tennessee, Alabama, Missouri, Iowa, Washington State , Kansas , Kentucky, Miami, Florida, Utah

21 Notre Dame harassed the Heisman Trophy winner and handed No. Benjamin Morrison had Notre Dame’s other interception of the half, leading to Audric Estime's 1-yard plunge that put Notre Dame ahead 24-3. USC lost for the fifth consecutive time at Notre Dame Stadium. Notre Dame: The Fighting Irish ability to bounce back after a stinging 33-20 loss at Louisville gives Notre Dame momentum heading into the final four games of the season. Notre Dame: The Fighting Irish host Pittsburgh on Oct. 28.

Persons: — Xavier Watts, Caleb Williams, Watts, Williams, Benjamin Morrison, Audric, Brenden Rice, Jadarian Price Organizations: Notre Dame, Heisman, Irish, Arizona, Trojans, Fighting Irish, USC, Louisville, Pittsburgh, Wake Forest, Stanford, Utah . Notre Dame, AP Locations: California, Clemson, Utah

A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Oct 13 (Reuters) - Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes. Citi Chief Financial Officer Mark Mason said the proposal would lead to a 16% to 20% increase in the bank's capital. The bank is reviewing products and operations, he said, highlighting equity investments, which will also be deemed much riskier under the rules. Citi is also reviewing credit products and where they may need to reprice those, and whether they need to restructure any of their markets positions.

Persons: Brendan McDermid, Jeremy Barnum, Barnum, Michael Barr, Banks, Mark Mason, Mason, Wells, Michael Santomassimo, Santomassimo, Tatiana Bautzer Organizations: Citi, Citigroup, New York Stock Exchange, REUTERS, Rights, Big, JPMorgan, . Federal, Basel III, Thomson Locations: Wells Fargo, Basel

It was unclear the exact charges against Brown, however a warrant for his arrest cited first-degree murder, according to a news release from Maywood, Illinois police. Relatives had told officers that they could not find Sergio Brown or Myrtle Brown. Following her death, police began checking the authenticity of Instagram videos that appear to show Sergio Brown discussing her death. In a video posted Sept. 18 to an Instagram page that appeared to belong to Sergio Brown, a man resembling Brown calls reports about his mother's death “fake news.”“Fake news, fake news, fake news. Sergio Brown, who graduated from Proviso East High School in Maywood, played college football for Notre Dame before his time with the NFL.

Persons: Sergio Brown, Brown, Steve Walker, Walker, Myrtle Brown's, Relatives, Myrtle Brown, ”, “, ____ Williams Organizations: NFL, San, San Diego District, Associated Press, Maywood, WMAQ, FBI, Chicago Tribune, East High School, Notre Dame, New England Patriots, Indianapolis Colts, Jacksonville Jaguars, Buffalo Bills Locations: Southern California, United States, Mexico, Chicago, San Diego County, Illinois, Maywood , Illinois, Maywood, Mexican, Sinaloa, West Bloomfield , Michigan

☆ Former NFL player taken into custody over mother's death -CNN
▼ + stars: | 2023-10-11 | by ( Brendan O'Brien | ) www.reuters.com time to read: +1 min

CHICAGO, Oct 11 (Reuters) - Former National Football League player Sergio Brown has been taken into custody in connection with the death of his mother who was found deceased near her home outside of Chicago last month, CNN reported, citing a law enforcement official. Authorities apprehended Brown near San Diego after he was deported by Mexico on Tuesday. Police are working to transfer him back to the Chicago area, CNN reported, citing an unnamed official. She had suffered injuries from an assault, local media reported, citing the coroner's office. Reporting by Brendan O'Brien in Chicago; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Brown, Brown, Myrtle Brown, Brendan O'Brien, Bill Berkrot Organizations: National Football League, CNN, Authorities, Tuesday . Police, Police, Maywood Police Department, Notre Dame, New England Patriots, Thomson Locations: Chicago, San Diego, Mexico, Maywood

21 Notre Dame may already be out of the college football playoff picture. “That’s what a part of playing at Notre Dame is about,” Freeman said. We get another prime-time game versus USC in Notre Dame Stadium. Equally problematic were missed blocks by the offensive linemen and skill players, mistakes that hurt Notre Dame's usually strong ground game. Notre Dame ran for an abysmal 1.6 yards per carry even as the team started the weekend with the nation's top rusher, Audric Estime'.

Persons: Marcus Freeman, “, ” Freeman, ”, Caleb Williams, it's, Williams, Freeman, “ We’re, We've, you’re, Sam Hartman, Notre, Notre Dame, Audric, Gerad Parker, “ That’s, Mitchell Evans Organizations: Notre Dame, Fighting Irish, Notre, Southern Cal, USC, Ohio State, Duke, Louisville, Heisman, Football, Louisville Cardinals, Notre Dame's, “, AP Locations: Ind

[1/4] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The IMF adjusted this year's stress test to probe the impact of its baseline economic scenario of higher interest rates for longer, as well as the possibility of consumers yanking deposits. "Under the baseline, it's about 5% of banks that are relatively weak in terms of their capital. And in severe stress, that number goes up to 30% or sometimes higher," Adrian said. The IMF did not identify the banks that could be in trouble if those economic circumstances arose, but they included both small and large lenders.

Persons: Yuri Gripas, Tobias Adrian, Adrian, There's, Pete Schroeder, Michelle Price, Paul Simao Organizations: Monetary Fund, REUTERS, Rights, International Monetary Fund, IMF, Valley Bank, Switzerland's Credit Suisse Group, Monetary, Capital Markets Department, Palestinian, World Bank, U.S, Thomson Locations: Washington , U.S, California, Israel, Gaza, Marrakech, Morocco, Italy, Federal, U.S

REUTERS/Kevin Lamarque/ Acquire Licensing RightsWASHINGTON, Oct 9 (Reuters) - The U.S. Federal Reserve's top regulatory official defended a sweeping proposal to overhaul bank capital rules before the country's largest bank lobby on Monday, arguing the benefits of a bigger cushion outweigh any additional costs banks might face. The proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. Barr's Monday speech, which is his first on bank regulation since the proposal came out, served as a broad-based defense of the effort. "The private costs of capital must be weighed against the social benefits of higher capital in creating a healthier, more resilient financial system," he said, according to prepared remarks. Barr also pushed back against the industry's refrain that higher capital costs for banks will mean curtailed lending and potential economic harm.

Persons: Michael Barr, Kevin Lamarque, Michael Barr's, Barr, Jerome Powell, Powell, Isaac Boltansky, Pete Schroeder, Michelle Price, Josie Kao, Andrea Ricci Organizations: Financial, Valley Bank, Signature Bank, Capitol, REUTERS, Rights, U.S, Federal, Banking, Silicon Valley Bank, Thomson Locations: Washington , U.S, Silicon

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