- The Fed today releases for comment a proposed rule prohibiting a financial company from merging with another if their combination's liabilities would exceed 10% of the total of all financial companies.
- The move is another step in implementing the intent of the Dodd-Frank financial reform act. Comments are due by July 8.
- Only JPMorgan (JPM +0.5%), Bank of America (BAC +0.6%), Citigroup (C +0.7%), and Wells Fargo (WFC -0.2%) would be affected - at least in the short term - says the Financial Stability Oversight Council.
Fed moves to strengthen limits on bank size
From other sites
Video at CNBC.com (Fri, 8:00AM)
at CNBC.com (Thu, 3:17PM)
Video at CNBC.com (Thu, 1:42PM)
Video at CNBC.com (Thu, 1:31PM)
at CNBC.com (Thu, 1:24PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs