A systemically important financial institution (SIFI) is a firm that regulators feel would pose a serious risk to the economy ...
MetLife (MET) was announced as a G-SIFI (Global Systemically Important Financial Institution), along with its US insurance peers AIG (AIG) and Prudential Financial (PRU). The G-SIFI designation was ...
General Electric (GE) is formally asking the government to remove heightened regulations from its investment arm, arguing it has shrunk operations enough so that it no longer poses a threat to the ...
WASHINGTON — Zions Bancorp. appears to have found a novel approach to escape the added requirements for banks above the Dodd-Frank Act's systemic $50 billion asset threshold, but other banks in a ...
WASHINGTON — The Financial Stability Oversight Council filed a joint motion Thursday along with the insurance giant MetLife to dismiss the case challenging the council’s designation of the firm as a ...
The wait is finally over for patient investors ofGeneral Electric: The company has now officially applied to the U.S. Government to remove GE Capital's status as a Systemically Important Financial ...
Although few Americans have heard of the Financial Stability Oversight Council (FSOC), it may be the most important agency established by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Yesterday, nine members of the Senate Banking Committee, led by Senators Mike Crapo (R-ID), Richard Shelby (R-AL) and Pat Toomey (R-PA), sent a letter to Treasury Secretary Jack Lew, in his capacity ...