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The Fed is reportedly considering forcing foreign banks to combine their U.S. operations into...

  • Wednesday, November 28, 2012, 3:56 AM ET
    The Fed is reportedly considering forcing foreign banks to combine their U.S. operations into American holding companies, which would require the units to meet minimum capital standards regardless of the resources of the parent firms. The move could increase costs, force foreign banks to inject billions of dollars into their U.S. ops, limit the movement of capital and even hurt lending.
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This news story has 6 comments:

  •  
    Oh, THIS will go over well within the banking system..Can you imagine they are down to these little tricks to keep kickin the can down the road.

    Just when you think they ran out of ideas the don;t mind annoying another group as well.

    This just gets scarier everyday!!
    28 Nov 2012, 04:22 AM Reply Like
  •  
    And the rebound will be that foreign banks will not do business with Americans......the all mighty dollar is coming to an end...
    28 Nov 2012, 06:39 AM Reply Like
  •  
    Baloney, it will merely keep them in check!
    28 Nov 2012, 04:45 PM Reply Like
  •  
    Since the Fed has been effectively bailing them out anyway, perhaps it's a good idea.
    28 Nov 2012, 07:07 AM Reply Like
  •  
    I couldn't agree more......good comment!
    28 Nov 2012, 04:46 PM Reply Like
  •  
    The EURO is just getting to competitive - with the Eurobanks having signed up to Basel III regulation (tough) that the US banking system does not want to join. Just remember how well Canada did through all this mess because of tough banking laws!
    28 Nov 2012, 01:43 PM Reply Like
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