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Wednesday, Dec 12
2012, 3:17 AM
The Fed is reportedly discouraging the top U.S. banks from making large acquisitions as it...
The Fed is reportedly discouraging the top U.S. banks from making large acquisitions as it informally uses powers it received under the Dodd-Frank Law and attempts to limit the ability of banks to threaten the stability of the financial system should they fail. Those told not to make major purchases include Capital One Financial (COF) after its $9B acquisition of ING's U.S. online business.