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USA Banking System - Page 2

Ten major U.S. Banks and mortgage companies agreed Monday to settle a federal foreclosure case for $8.5 billion. Bank of America, Citigroup and Wells Fargo were among the firms that agreed to the settlement. Ref. USAToday

System Banking USA

U.S. Weighs Doubling Leverage Standard for Biggest Banks:

The standard would increase the amount of capital the lenders must hold to 6 percent of total assets, regardless of their risk, according to four people with knowledge of the talks. That's twice the level set by global banking supervisors. Ref. Source 7

USA Banking System History & Civil Business Politics

The "Bankization" Of America:

The share of our national income which goes to corporate profit is the highest it's been since they started tracking it in 1929, while the share going to people - as salary and wages - is the lowest. And the percentage of that corporate profit which goes to Wall Street is also the highest on record. Ref. Source 6

Page 2 System Banking USA

US banks are told to be prepared for 30-day crisis:

The biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under proposed new Federal Reserve liquidity rules. Ref. Source 7

System Banking USA

A set of regulators on Tuesday approved a rule preventing banks for trading for their own profit, a measure aimed at preventing another 2008-style financial crisis. The Federal Deposit Insurance Corporation approved the rule, named after former Federal Reserve chairman Paul Volcker. Four other regulatory agencies are expected to sign off on the rule Tuesday and clear the way for its implementation. Editor's note: A prior alert sent at approximately 10:08 a.m. ET incorrectly said at that time that the FDIC had approved the rule, when the agency was discussing it. Ref. USAToday

USA Banking System

US banks free to accept legal marijuana money:

Government guidance intended to increase availability of banking services, such as savings accounts, to marijuana shops. Ref. Source 7

USA Banking System - Page 2

Gerald Celente: Banker Suicides the Prequel to Global Collapse:

High stress banking careers are being blamed for the recent suicides. However, the answer may not be that simple. Ref. Source 6

USA Banking System Politics Business Civil & History - Page 2

U.S. Banks Enjoy 'Too-Big-To-Fail' Advantage: Fed Study:

A landmark study by Federal Reserve economists found that large U.S. Banks enjoy a "Too-big-to-fail" Advantage in financial markets, confirming the suspicions of many Wall Street critics more than five years after the financial crisis. Ref. Source 3