Suspense builds on Wall Street over expiring Covid relief for big banks
CNN
With the economy crashing and markets in chaos last spring, the Federal Reserve handed out get out of jail free cards to America's big banks. Now that the recovery is gaining steam, the Fed has to decide if it's time to enforce the rules once again.
Suspense is building on Wall Street over whether the Fed will extend an exemption that loosened leverage rules applying to JPMorgan Chase, Bank of America (BAC) and other large lenders. The waiver, aimed at stabilizing markets and boosting lending, meant big banks wouldn't be penalized for bulking up on ultra-safe US Treasuries and taking in a surge of deposits.More Related News
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