Federal Reserve Vice Chairman for Supervision Randal Quarles said that the U.S. central bank should consider decreasing a set of capital requirements for the U.S. subsidiaries of large foreign banks. At a Harvard Law School event, Quarles suggested that the total loss-absorbing capacity requirements for those companies "could be adjusted to reflect the practice of other regulators without adversely affecting resolvability and U.S. financial stability."
In other regulatory
On the M&A
Home Trust Co., a unit of Toronto-based mortgage lender
And technology-focused private equity
In other parts of the world
Asia Pacific: US SEC fines ICBC unit; Thailand holds rate; Malaysia raids former PM's house
Europe: Deutsche Börse to shed managers; NN Group, KBC post Q1; AIB selling bad loans
Middle East & Africa: Saudi lenders Alawwal, SABB to merge; National Commercial Bank CEO steps down
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng fell 0.54% to 30,942.15, while the Nikkei 225 rose 0.53% to 22,838.37.
In Europe, as of midday, the FTSE 100 was up 0.17% to 7,747.06, and the Euronext 100 was up 0.36% to 1,077.41.
On the macro front
The jobless claims report, the Federal Reserve Bank of Philadelphia business outlook survey, the E-Commerce retail sales report, the leading indicators report, the Energy Information Administration natural gas report, the Federal Reserve balance sheet and the money supply report are due out today.
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