In a lengthy proposal published Tuesday, the Federal Reserve proposed a slew of new restrictions and requirements for large banks and other major financial institutions as it works to implement a big chunk of the Dodd-Frank financial reform law. The 173-page document is an attempt to prevent another financial meltdown during which the government took steps to bail out large companies whose failure would threaten our financial system. The Fed’s proposal calls for additional regulation for “systemically important financial institutions” to meet certain requirements on capital reserves and liquidity, as well as be subject to annual stress tests that will measure a company’s resilience.
With different lawsuits nationwide, the life insurer and broker-dealers suing it asked Texas court to "stay" litigation there until Ohio case moves forward.
Some people in these states may be shopping. Some may be seething.
Pitcher will succeed James Brannen.
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