Senate passes bill easing Dodd-Frank

Mar. 15, 2018 3:12 AM ETAlly Financial Inc. (ALLY) StockAXP, FITB, BK, BMO, CMA, MTB, STI, ZION, RF, KEY, STT, NTRS, HBAN, DB, BBVA, SAN, TFC, DFS, FCNCA, ALLY, CFGBy: Yoel Minkoff, SA News Editor87 Comments
  • The U.S. Senate has voted 67 to 31 to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the financial crisis.
  • The bill spikes the asset level at which a bank becomes "systemically important" from $50B to $250B and exempts banks with less than $10B in assets from rules banning proprietary trading.
  • Related tickers: ALLY, AXP, BBT, BBVA, BK, BMO, CIT, CFG, CMA, DB, DFS, FITB, HBAN, KEY, MTB, NTRS, RF, SAN, STT, STI, ZION

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