Tag: Daniel Tarullo

• Saturday, November 22nd 2014 - 05:49 UTC

  US Senate grills banks accused of 'unfair' trading practices with commoditisers

  

  Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.

• Friday, March 28th 2014 - 06:31 UTC

  US Fed rejects Citigroup plans to boost dividends for shareholders

  

  US Federal Reserve has rejected plans by Citigroup to buy back shares and boost dividends for shareholders. It cited deficiencies in the bank's ability to plan for how stressful situations would hurt its business. The decision is a setback for Citigroup boss Michael Corbat who was brought in to bolster internal controls after the bank failed stress tests two years ago.

• Wednesday, February 19th 2014 - 04:44 UTC

  Fed adopts tighter new rules for foreign banks to shield US taxpayers

  

  The US Federal Reserve adopted tight new rules for foreign banks to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.