Biggest U.S. Banks Hit By More Strict Regulations
"This final rule may be the most significant step we have taken to reduce the systemic risk posed by these large, complex banking organizations," said FDIC chair Martin Gruenberg. The eight largest U.S. banks will have to find $68 billion in new capital to meet new rules on how much banks can borrow.
To Taper Or Not To Taper
Ben Bernanke will chair the last U.S. Federal Reserve meeting of his career tomorrow , where the focus will be on whether or not he will begin reducing the government's $85 million of month in bond repurchases, a possibility he has talked about for much of the year but not yet done.
Shocker! Economists Worry About How Fed Moves Could Doom Market
With the Federal Reserve's meeting currently underway, many are expecting the board to stay the course with its $85 billion in monthly bond purchases due to the government shutdown. As far as markets are concerned, this could mean a nightmarish next few months, economists say.