Major banks generated increases in their fixed-income, equity and investment bank earnings
Three states rush to defend regulations that require retirement investment advisors to put the interests of their clients above their own financial gain
The U.S. regulator has also proposed introducing a mandatory new disclosure document that sets out the terms of advisory relationships
The U.S. Federal Reserve foresees two more hikes this year
The 0.1% gain followed a sharper 0.4% increase in November
U.S. regulators propose new risk management guidance for banks
The bill will mark the most far-reaching rewrite of tax law since 1986
Further comments on the rule invited during transition period
Treasury’s proposals would be largely negative for banks
The industry is facing intensifying competition, longer-term performance pressures and regulatory developments