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U.S. Fed’s Michael Barr to Step Down
Why bank stocks care that Michael Barr is stepping down as top Fed banking cop
Michael Barr, vice chair for supervision for the Federal Reserve and the leader of the U.S. effort behind the so-called Basel III endgame proposal to lift capital requirements for banks, said he would step down by Feb. 28, or sooner if a successor is named.
Bank Stocks Surge After Fed’s Barr Steps Down From Vice Chair of Supervision Role
His decision to step down was fueled, in part, by the fact that a “risk of a dispute over the position” could be a distraction from the Fed’s mission of supervision and regulation of the financial system,
Banks, investors hope for lighter regulations after Fed's Michael Barr steps down
Bank stocks rose after Fed Vice Chair Michael Barr stepped down from his banking regulator role. Banks, investors are anticipating more lenient rules
2d
Analyst resets bank stocks forecast ahead of earnings
JPMorgan Chase ( JPM) will kick off the fourth quarter earnings season next week, with updates from rivals Citigroup ( C) and ...
Cryptopolitan on MSN
2d
Trump and the Federal Reserve are definitely about to clash now
Michael Barr’s sudden decision to step down as the Federal Reserve’s vice chair for supervision has just confirmed what ...
Investing
3d
Bank stocks rise following Barr's resignation
Shares of the KBW Bank Index (INDEX:KBW) climbed 2.2% today, reaching their highest intraday level since December 16, following the announcement of Michael Barr's resignation as the Federal Reserve's ...
15h
Pro Take: Crypto Could Get a Boost as Barr Departs as Fed’s Supervisory Head
Trump-picked leaders at the FDIC and OCC along with a new supervisory point person at the Fed may lead to softer crypto ...
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