![]() ![]() So at the end of the day, the overall premise here is that these bigger banks need to be stashing away more capital that then could be used to absorb any losses that could come from, let’s say, an adverse market event, any kind of unpredictable loss that, that could have to be booked at a later date. So what are in the guts of these proposals? I’m joined now by the FT’s US economics editor Colby Smith to explain more. The capital rules are being floated after Silicon Valley Bank and several other midsized regional lenders collapsed earlier this year. ![]() The big one is for lenders with $100bn or more in assets to store additional capital in order to handle an emergency. The Federal Reserve’s vice-chair for supervision, Michael Barr, laid out possible capital changes yesterday. Instead, the funds are paying record-setting attention to European stocks.īig US banks may have to start keeping a bigger rainy day fund. Some managers are worried that the Federal Reserve will continue raising interest rates, which could cause an economic downturn. Wall Street’s exposure hit its lowest level to US equities since 2013. But that hasn’t stopped hedge funds from slashing their bets on a rising US stock market. ![]() The US stock market has been going strong this year thanks to Big Tech companies. I’m Marc Filippino, and here’s the news you need to start your day. Take a look at why it’s so difficult for Ukraine to get a seat at the table. Plus, Nato’s annual summit kicks off today. Hedge funds are ditching their bets on US stocks, and American banks might have to adapt to tougher capital rules. ![]() Today’s Tuesday, July 11th, and this is your FT News Briefing. Yesterday, we called the UK Chancellor’s annual speech, the Madison speech, when it’s actually the Mansion House speech. This is an audio transcript of the FT News Briefing podcast episode: ‘Nato torn over Ukraine’s membership bid’īefore we get started, I want to flag a quick correction. ![]()
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