DIRS.INFO The most relevant business & tech news

The new requirement would bring large regional banks more in line with the largest global banks, which already have their own debt requirement. The proposal follows a tumultuous spring for regional banks, which saw three collapse, forcing regulators to backstop deposits to stave off a broader panic. The proposal would mean banks have to raise their long-term debt issuance by roughly 25%, or $70 billion, according to the FDIC. “These banks will have to go into the market issuing capital to meet the capital proposal and then issuing long-term debt to meet the long-term debt proposal," said Matthew Bisanz, a partner at Mayer Brown. The proposed rules were approved by the FDIC at a meeting Tuesday, giving the industry the opportunity to critique the approach.

Persons: Brian Snyder, Martin Gruenberg, Matthew Bisanz, Mayer Brown, Gruenberg, JPMorgan Chase, Ian Katz, ” Rob Nichols, Pete Schroeder, Megan Davies, Philippa Fletcher, Andrea Ricci Organizations: First Republic Bank, REUTERS, Rights, U.S, Federal Deposit Insurance Corporation, FDIC, Financial Services Group Inc, Fifth Third Bancorp, Citizens Financial, Silicon Valley Bank, JPMorgan, FDIC's, Insurance Fund, Capital Alpha Partners, Federal Reserve, American Bankers Association, Thomson Locations: Boston , Massachusetts, U.S, Silicon

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Aug 29 (Reuters) - A top U.S. banking regulator is set on Tuesday to propose heightened rules to ensure regional banks can be safely dissolved in times of stress. Now, regulators are looking to toughen their rules, particularly for regional banks like PNC Financial Services Group Inc and Citizens Financial Group Inc."The failure of three large regional banks this spring...demonstrated clearly the risk to financial stability that large regional banks can pose," said FDIC Chairman Martin Gruenberg in a speech earlier this month previewing the proposals. The regulator is also set to propose an overhaul to "living will" rules for banks, which require firms to detail how they could be safely taken apart after failing. As banks failed last spring, the FDIC was unable to find immediate buyers for some firms, such as Silicon Valley Bank. The banking industry is already pushing back against the upcoming proposal and similar efforts, calling them unjustified and economically harmful.

Persons: Martin Gruenberg, Kevin Lamarque, Gruenberg, JPMorgan Chase, Ian Katz, ”, Rob Nichols, Pete Schroeder, Megan Davies, Andrea Ricci Organizations: Deposit Insurance, Financial, Valley Bank, Signature Bank, Capitol, REUTERS, Rights, Federal Deposit Insurance Corporation, Financial Services Group Inc, Citizens Financial, Inc, FDIC, Silicon Valley Bank, First Republic Bank, JPMorgan, FDIC’s, Insurance Fund, Capital Alpha Partners, American Bankers Association, Thomson Locations: Washington , U.S, Silicon

☆ From School Bells to Wedding Bells
▼ + stars: | 2023-08-24 | by ( Emma Grillo | ) www.nytimes.com time to read: +1 min

Late one night in October 2018, Max Ujdak and Katie Wall — now Katie Ujdak — were sitting in front of a computer, staring at the website for the Basilica of the Sacred Heart, a Catholic church at the University of Notre Dame in Indiana and a popular wedding venue. At midnight, the couple would be able to submit a digital form ranking their wedding date preferences for a ceremony at the Basilica, where reservations open on a two-year rolling calendar. The two were hoping for a 3 p.m. slot on Oct. 24, 2020. They submitted the form when the clock struck midnight, and sometime later, they received a confirmation from the church for their preferred date, with a 1 p.m. slot. “We’re like, OK, now we have a wedding venue, but we’re not engaged,” Ms. Ujdak, 27, said.

Persons: Max Ujdak, Katie Wall —, Katie Ujdak —, we’re, ” Ms, Ujdak, ” Organizations: University of Notre Dame Locations: Indiana

☆ David Weiss Should Resign
▼ + stars: | 2023-08-22 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").

Persons: William McGurn, George W, Bush, McGurn, Bill Organizations: Wall Street, The Wall Street, Street Journal, Economic, Washington, National Review, Foreign Relations, Notre Dame, Communications, Boston University Locations: New York, Brussels, Europe, Hong Kong

☆ General in charge of Paris’s Notre Dame cathedral reconstruction dies
▼ + stars: | 2023-08-19 | by ( Dalal Mawad | ) edition.cnn.com time to read: +1 min

Paris CNN —The French army general appointed to oversee the reconstruction of Paris’s Notre Dame cathedral has died during a mountain walk. “The nation has lost one of its great soldiers,” President Emmanuel Macron wrote on X, formerly known as Twitter, on Saturday. He described General Jean-Louis Georgelin, 74, as one of France’s “great servants” and “the architect of Notre Dame’s rebirth.”Reconstruction works of Notre-Dame cathedral as seen on July 5, 2023. Telmo Pinto/NurPhoto/Getty ImagesIn 2019, Macron appointed Georgelin to oversee the reconstruction of Notre Dame following a fire that devastated the cathedral. The cathedral is being restored to its previous design, including the wooden spire that collapsed during the blaze.

Persons: Emmanuel Macron, Jean, Louis Georgelin, “, ”, Notre, Telmo Pinto, Macron, Georgelin Organizations: Paris CNN, Notre Dame, Notre, Dame, Paris, CNN, Staff, of, Legion Locations: Notre, Ariege, Pyrenees

☆ Jean-Louis Georgelin, Face of the Notre-Dame Reconstruction, Dies at 74
▼ + stars: | 2023-08-19 | by ( Aurelien Breeden | More About Aurelien Breeden | ) www.nytimes.com time to read: 1 min

Jean-Louis Georgelin, the French general who was placed in charge of rebuilding Notre-Dame Cathedral in Paris after a devastating fire in 2019, has died. “The nation has lost one of its greatest soldiers,” President Emmanuel Macron said in a statement on Saturday. “France, one of its great servants. And Notre-Dame, the architect of its rebirth.”General Georgelin, a former army chief of staff whom Mr. Macron had chosen to lead the restoration project, was hiking in the Pyrénées in southwestern France on Friday when an accident most likely occurred, according to French news reports. The prosecutor’s office told the French news media that the police had found a body and formally identified it as the general’s, but the exact circumstances were not immediately clear.

Persons: Jean, Louis Georgelin, Emmanuel Macron, Georgelin, Macron Organizations: Notre, Dame Cathedral, “, Dame Locations: Paris, “ France, France

☆ France's head of Notre-Dame renovation dies in accident while hiking
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] French Army General Jean-Louis Georgelin, in charge of Notre-Dame Cathedral reconstruction, stays at distance to answer journalists questions in Paris, France, April 14, 2020. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Aug 19 (Reuters) - The man heading the reconstruction of Notre-Dame de Paris following a devastating fire three years ago has died in an accident while hiking in the Pyrenees. General Jean-Louis Georgelin's death was reported by French media and confirmed by President Emmanuel Macron. Notre-Dame will be restored to its previous design, including the 96-metre (315-feet) spire designed by architect Eugene Viollet-le-Duc in the mid-1800s. Reporting by Elizabeth Pineau and Benoit Van Overstraeten; Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Jean, Louis Georgelin, Benoit Tessier, Notre, Dame de, General Jean, Louis Georgelin's, Emmanuel Macron, Macron, Eugene Viollet, Elizabeth Pineau, Benoit Van Overstraeten, Frances Kerry Organizations: French Army, Notre, Dame, REUTERS, Rights, Twitter, Olympic Games, Thomson Locations: Paris, France, Pyrenees

Global shares were stuck around two-month lows and Wall Street indexes closed nearly flat and narrowly mixed. Yields on benchmark 10-year U.S. Treasuries stepped back after flirting with 16-year highs earlier in the week. Investors expected the Fed may hold interest rates higher for longer as the U.S. economy continued to show strength. Attention now turns to the Fed and other top central banks' annual gathering in Jackson Hole, Wyoming. Investors will scrutinise a speech from Fed Chair Jerome Powell next Friday for clues about the interest rate outlook.

Persons: Brendan McDermid, Jackson Hole WASHINGTON, Treasuries, Blake Emerson, Jerome Powell, Powell, Brent, Toby Chopra, Mark Potter, Nick Macfie, Diane Craft, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Jackson, Treasury, Federal Reserve, Global, Dow Jones, Nasdaq, JP Morgan Private Bank, Federal, Securities, U.S, Thomson Locations: New York City, U.S, Jackson Hole, Jackson Hole , Wyoming, Japan

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2023. Benchmark 10-year yields reached 4.312% in trading and tested October's 4.338%, before moving lower to 4.29%. Tighter credit conditions will eventually dampen economic activity and markets are choppy from the uncertainty," said Jeffrey Roach, chief economist for LPL Financial. Wall Street was mixed in the first half of the trading day before accelerating losses as the session ended. Brent crude was up over 1% earlier in the day before settling up 0.35% at $83.74 a barrel.

Persons: Brendan McDermid, Yen, Jeffrey Roach, Bill Adams, Brent, Ankur Banerjee, Alun John, Anisha, Sonali Paul, Angus MacSwan, Chizu Nomiyama, Nick Macfie, Cynthia Osterman Organizations: New York Stock Exchange, REUTERS, Treasury, Federal, LPL Financial, Dow Jones, Nasdaq, U.S . Labor Department, Comerica Bank, Zhongzhi Enterprise Group, Thomson Locations: New York City, U.S, CHINA, China, China's, Singapore, London, Bengaluru

☆ Maggie Eastland — Reporting Intern at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Maggie Eastland | ) www.wsj.com time to read: 1 min

Maggie EastlandMaggie Eastland is a reporting intern and part of the summer 2023 newsroom intern class at The Wall Street Journal. Maggie is a rising senior at Notre Dame studying finance and journalism. Now serving as editor in chief for the Observer, she revived the student newspaper’s business news beat during her sophomore year. Maggie previously interned at the Dallas Morning News, where she wrote business and real estate stories. She also interned at the Mackinac Island Town Crier, covering local news.

Persons: Maggie Eastland Maggie Eastland, Maggie Organizations: Wall Street, Notre Dame, Observer, Dallas Morning News Locations: Mackinac

☆ Peter Loftus — Special Writer at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Peter Loftus | ) www.wsj.com time to read: +1 min

Peter LoftusPeter Loftus is a reporter for The Wall Street Journal in Philadelphia covering the pharmaceutical and medical-device industries. He has written about Covid-19 vaccines, advances in cancer treatments, drug shortages and the use of mobile devices in healthcare. Peter is the author of "The Messenger: Moderna, the Vaccine, and the Business Gamble That Changed the World," published in 2022 by Harvard Business Review Press. Before joining the Journal in 2013, he was a reporter for Dow Jones Newswires since 1997, covering the pharmaceutical and technology industries. He previously worked as a courthouse reporter at the Reporter newspaper in Lansdale, Pa.

Persons: Peter Loftus Peter Loftus, Peter, Dow Jones Newswires Organizations: Wall Street, Harvard Business Review Press, Reporter, University of Notre Dame Locations: Philadelphia, Lansdale, Pa

☆ Opinion: Hitting the gym or going to yoga? Your workout clothes could be doing more harm than you realize
▼ + stars: | 2023-08-16 | by ( Opinion Alden Wicker | ) edition.cnn.com time to read: +13 min

BPA is an endocrine disruptor, meaning that it mimics or interferes with the body’s hormones. It governs weight management and your energy levels, not to mention your skin’s appearance and your ability to fend off illness. Others have tried to argue that some of the chemicals in clothing fell within the legal and regulatory limits. The signs that something is very, very wrong with our reproductive health and endocrine systems are myriad. After all, you might be undoing the benefits of hitting the gym every day when your workout clothes could be doing so much damage to your health.

Persons: Alden Wicker, Athleta, Alden Wicker Alden Wicker, There’s, bisphenol, Ashley Eskew, “, Thinx, ” Dr, Laura Vandenberg, Down, ”, Shanna, Dr, Graham Peaslee, PFAS, Swan, lipsticks, ‘, ” Eskew, Eskew Organizations: New York Times, Vox, Wired, CNN, Center for Environmental Health, Nike, IKEA, Canadian Broadcasting Corporation, CBC, US Environmental Protection Agency, Industry, University of Massachusetts Amherst, of Environmental Health Sciences, Notre, Twitter Locations: Putnam, California, Patagonia, ” North Carolina, Spain

☆ No Catholics Need Adopt
▼ + stars: | 2023-08-15 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

☆ University of Chicago agrees to pay $13.5 million to students after being accused of participating in a 'price-fixing cartel' with other prestigious schools to limit financial aid
▼ + stars: | 2023-08-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

University of Chicago agreed to a $13.5 million settlement over claims it conspired with top colleges over financial aid. Five former students accused 16 top schools in 2022 of working together to limit financial aid packages. In January 2022, five former undergraduate students who attended Duke, Northwestern, and Vanderbilt filed a lawsuit against 16 schools including UChicago, Brown, Yale, and Northwestern. The suit targeted a group called the 568 Presidents Group, which allowed schools to work together to determine common standards for disbursing financial aid. The plaintiffs said the schools favored wealthy applicants and "conspired" to reduce financial aid packages, and that they "overcharged over 170,000 financial-aid recipients by at least hundreds of millions of dollars."

Persons: Brown, UChicago, Johns Hopkins Organizations: Chicago, Service, University of Chicago, Duke, Vanderbilt, Yale, Group, Higher, Court, Northern, Northern District of Illinois, Cornell, MIT, Northwestern, Notre Dame, Dartmouth, Caltech Locations: Wall, Silicon, Northwestern, UChicago, Northern District, Columbia, Georgetown, Notre, Penn, Rice, Emory

☆ Migrant boat crossing Channel from France capsizes, at least six dead
▼ + stars: | 2023-08-12 | by ( Pascal Rossignol | ) www.reuters.com time to read: +3 min

[1/5] "Notre Dame du Risban", an SNSM lifeboat, enters the port of Calais following a rescue operation after a migrant boat trying to cross the Channel from France capsized, in Calais, France, August 12, 2023. REUTERS/Pascal RossignolCALAIS, France, Aug 12 (Reuters) - At least six people died and more than 50 were rescued after a migrant boat trying to cross the Channel from France capsized early on Saturday, local authorities said. "There were too many of them on the (migrant) boat," she told Reuters by phone as she returned to the shore. Thorel, who shared a picture of migrants on the rescue boat, wrapped in survival blankets, said no one died on the boat she was involved with rescuing. UK government figures show that the number of migrant Channel crossings since the start of 2018 exceeded 100,000 this week.

Persons: du Risban, Pascal Rossignol, Franck Dhersin, Sangatte, Anne Thorel, Elisabeth Borne, Herve Berville, Rishi Sunak's, Suella Braverman, Ingrid Melander, Tangi Salaun, Christian Hartmann, David Miliken, Helen Popper, Ros Russell Organizations: REUTERS, Local, Reuters, Maritime Affairs, Britain's coastguard, coastguard, Border Force, British coastguard, Conservative Party, Thomson Locations: Calais, France, Britain, Thorel, Dover, Paris, London

☆ Donald Trump’s Last Hurrah
▼ + stars: | 2023-08-08 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

☆ What is the LK-99 superconductor? Everyone is talking about how it could change the world, but experts say we're still a long way off
▼ + stars: | 2023-08-04 | by ( Sindhu Sundar | Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

South Korean scientists claim to have made a superconductor, LK-99, that works at room temperature. But electricity that travels along a superconductor barely loses energy along the way. That's the premise behind LK-99, a possible superconductor material that scientists in South Korea say they have devised, which has been dominating headlines and social media posts in the past week or so. To that end, some experts are trying, but this holy grail has eluded scientists for many years, so the prospects are still a long way off, experts told Insider. "So low power energy chips is one major area in chip design."

Persons: Leonard Kahn, Kahn, Edwin Fohtung, Elif Akçalı, Akçalı, it's, Meissner, we're, Siddharth Joshi, Joshi, Navid Asadi, Asadi, Dale Rogers Organizations: Service, Department of Physics, University of Rhode Island's College, Rensselaer Polytechnic Institute, University of Florida, University of Notre Dame, Arizona State University Locations: Wall, Silicon, South Korea

☆ Devon Archer Throws a Curve
▼ + stars: | 2023-08-01 | by ( William Mcgurn | ) www.wsj.com time to read: 1 min

July 31 (Reuters) - The American Civil Liberties Union (ACLU) filed a lawsuit on Monday on behalf of Oklahoma residents asking a state judge to block the creation of the nation's first religious public charter school. Oklahoma's Statewide Virtual Charter School Board, one of the defendants in the suit, in June approved the Catholic Church's application to create the St. Isidore of Seville Catholic Virtual School, which would use millions of dollars in taxpayer funds to operate. Rebecca Wilkinson, the executive director of the statewide virtual charter school board, said in an email that the agency would not comment on pending litigation. Charter schools are publicly funded and independently run under the terms of a charter with a local or national authority. Listed as plaintiffs in the lawsuit challenging St. Isidore are nine Oklahoma residents and the Oklahoma Parent Legislative Action Committee.

Persons: Isidore of, Isidore, Brett Farley, Farley, Ryan Walters, Walters, St, Rebecca Wilkinson, Gentner Drummond, Brad Brooks, Donna Bryson, Bill Berkrot, Deepa Babington Organizations: American Civil Liberties Union, ACLU, Charter School Board, Isidore of Seville Catholic Virtual School, Catholic Conference of Oklahoma, U.S, Supreme, Republican, Oklahoma, Catholic, Catholic Archdiocese of, Catholic Archdiocese of Oklahoma City, University of Notre Dame, The ACLU, Americans United, and State, Education Law Center, Religion Foundation, Thomson Locations: Isidore of Seville, Oklahoma, U.S ., Maine and Montana, St, Catholic Archdiocese of Oklahoma, Indiana, Lubbock , Texas

☆ 'Grand rising!' Bronny James plays piano in video after cardiac arrest
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] Sierra Canyon Trailblazers point guard Bronny James looks on during warm up for the Battle of the Valley against the Notre Dame Knights played at Pauley Pavilion in Los Angeles, California, U.S. January 27, 2023. Jayne Kamin-Oncea-USA TODAY Sports via REUTERS/File PhotoLOS ANGELES, July 29 (Reuters) - Bronny James, who less than a week ago suffered cardiac arrest while training with the University of Southern California (USC) basketball team, was seen playing piano in a video posted by his father LeBron James on Saturday. LeBron James said in a video posted to Instagram. Doctors offered no word of if or when Bronny James would return to the basketball court but indicated his recovery so far has been encouraging. Reporting by Rory Carroll in Los Angeles; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Bronny James, Jayne Kamin, LeBron James, James, Vince Iwuchukwu, Iwuchukwu, Damar Hamlin, Hamlin, Doctors, Rory Carroll, Lincoln Organizations: Notre Dame Knights, Pauley, Sports, REUTERS, University of Southern, USC, Sinai Medical, Los Angeles Lakers, NBA, Buffalo Bills, Thomson Locations: Los Angeles , California, U.S, University of Southern California, Cedars, Cincinnati, Los Angeles

PARIS, July 29 (Reuters) - Booksellers along the river Seine say the Olympics threaten to erase a symbol of Paris, after they were told by local authorities that they will have to remove their stalls for the Summer Games opening ceremony in 2024 for security reasons. Paris 2024 organisers expect at least 600,000 people to attend the opening ceremony on the Seine, during which athletes and delegations will sail along the river. It will be the first time the public have free access to the opening ceremony, and not in a stadium. "This renovation is part of the Games' heritage and will help support the application to have the Seine booksellers recognised as intangible cultural heritage by UNESCO," the authorities said. It was not clear whether the booksellers had been told they must move for the duration of the Games or only for the opening ceremony.

Persons: Paris, Jerome Callais, Albert Abid, Ardee Napolitano, Clotaire, Layli Foroudi, Hugh Lawson Organizations: Booksellers, Eiffel, Notre Dame, Paris, UNESCO, Thomson Locations: Paris, Seine

The rule, which would implement a 2017 agreement by global regulators, aims to overhaul how banks gauge their riskiness, and in turn how much money they must keep on hand. Industry opponents have already begun to criticize the plan as banks seek to soften, delay, or otherwise derail the government's long-planned effort. The proposal would see U.S. regulators implement a previous global agreement via the Basel Committee on Banking Supervision. "Bank capital is critical," said Dennis Kelleher, president and CEO of Better Markets, which advocates for tougher financial rules. "However, maximizing Wall Street’s bonuses depends on minimizing capital and that’s why Wall Street fights to prevent regulators from requiring them to have enough capital."

Persons: it’s, Ian Katz, JPMorgan Chase, Morgan Stanley, Michael Barr, Barr, Joe Biden, Dennis Kelleher, Pete Schroeder, Susan Heavey Organizations: Federal Deposit Insurance Corporation, Federal, Industry, Washington, Capital Alpha Partners, JPMorgan, Banking Supervision, Citizens Financial, Bank, Better, Thomson Locations: U.S, Basel, Huntington, that’s

☆ LeBron James thanks fans for love after son's cardiac arrest
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

Jayne Kamin-Oncea-USA TODAY Sports via REUTERS/File Photo MANDATORY CREDITJuly 27 (Reuters) - LeBron James thanked fans on Thursday for their love and prayers for his son Bronny, who suffered a cardiac arrest while training with the University of Southern California (USC) basketball team. The 18-year-old son of the NBA's all-time leading scorer went into cardiac arrest on Monday and was rushed to hospital where he was placed in intensive care. "I want to thank the countless people sending my family love and prayers," posted James on messaging platform X, formerly known as Twitter. Iwuchukwu was revived by team's medical staff and played last season after recovering. It is also reminiscent of an incident in January, when Buffalo Bills safety Damar Hamlin collapsed from a cardiac arrest during a Monday night NFL game in Cincinnati.

Persons: Bronny James, Jayne Kamin, LeBron James, Bronny, James, Vince Iwuchukwu, Iwuchukwu, Damar Hamlin, Hamlin, Steve Keating, Christian Radnedge Organizations: Notre Dame Knights, Pauley, Sports, REUTERS, University of Southern, USC, Angeles Fire Department, Galen Center, Los Angeles Lakers, NBA, Buffalo Bills, Thomson Locations: Los Angeles , California, U.S, University of Southern California, Cincinnati, Toronto

☆ I'm a solo female traveler from Europe. Here's why I chose to go to Vietnam
▼ + stars: | 2023-07-27 | by ( Lucy Handley | Lisa Lucas | ) www.cnbc.com time to read: +8 min

Ho Chi Minh City highlightsI'd been warned about congestion in Ho Chi Minh City, which has a population of around 9 million. Tips for traveling in Vietnam Vietnam varies from hot and dry to cold and rainy, depending on the time of year. The Saigon Opera House in Ho Chi Minh City is an example of French architecture in the city. Although I only stayed a short time, I fell in love with Ho Chi Minh City's grand architecture, history and general buzz. The Mekong DeltaSouthwest of Ho Chi Minh City lies the Mekong Delta, a region of rice paddies, rivers and floating markets.

Persons: Ho, I'd, Ho Chi Minh, Ben Nghe, Mongkol, Rex, Eugene Ferret, It's, Bob Henry, Ucg, Thanh, Virgin Mary, Phan Thi Kim Phuc, Lucy Handley Thanh, Antonin Emery, Marius Mallein, Jolie, Minh, Cai, Andrew Woodley, Mark Barnett, expat Organizations: Ho Chi Minh City, Vietnam's National Authority of Tourism, Sapa, Chi Minh City People's, Rex, Saigon Opera House, Saigon Opera, Getty, Central Post Office, Notre Dame Cathedral, Vietnam Locations: Vietnam, Ho Chi Minh City, Mekong Delta, Phu, Gulf, Thailand, Ho Chi Minh, Vietnam Vietnam, Hanoi, Hoi, Nguyen Hue, Ben, Chi Minh City, Ville, France, Saigon, French, Saigon Saigon, Mekong, Delta, homestays, My, Tho, Con Quy, Can, Phnom Penh, Cambodia, U.S, cassia, mealtimes

[1/3] FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File PhotoNEW YORK, July 25 (Reuters) - U.S. banking giants may take up to four years to set aside profits to meet new capital rules, according to a report by Morgan Stanley. U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring the stability of big banks under international rules rolled out after the 2008 financial crisis. Holding more RWA will require banks to set aside more capital under the new standards. Most of the need to raise capital would come from assessments of the bank's operational risks and their trading books.

Persons: Morgan Stanley, Lucas Jackson, Betsy Graseck, Goldman Sachs, JPMorgan Chase, Morgan, Michael Barr, Tatiana Bautzer, Pete Schroeder, Lananh Nguyen, Chris Reese Organizations: New York U.S, REUTERS, Citigroup, JPMorgan, Bank of America, Federal, Federal Reserve, Federal Deposit Insurance Corporation, Thomson Locations: New York, Basel, Washington

Search resuls for: "Notre"

25 mentions found