Federal Reserve Plans to Abandon Some Confidential Warnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
The Federal Reserve has signaled that it plans to abandon some of the confidential warnings it previously sent to banks to improve operations, people familiar with the matter told Bloomberg's Katanga Johnson, Hannah Levitt and Evan Weinberger. The Fed's supervision staff told banks around the nation earlier this month that examiners would begin reviews of the outstanding private orders to fix deficiencies, the report noted. Publicly traded large cap banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
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Analyst Views on BAC
Wall Street analysts forecast BAC stock price to rise
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 52.550
Low
55.00
Averages
61.64
High
71.00
Current: 52.550
Low
55.00
Averages
61.64
High
71.00
About BAC
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Legislative Challenges: Despite Trump's call for a 10% cap on credit card rates, implementing such a cap requires Congressional action, which is unlikely given the financial industry's commitment to oppose the proposal, highlighting the difficulties in passing such legislation.
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