Fed Proposes Big Banks Hold More Cash, Assets - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Fed Proposes Big Banks Hold More Cash, Assets

Posted: Updated:
WASHINGTON (AP) - The Federal Reserve on Wednesday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive a severe downturn on par with the 2008 financial crisis.
    
The proposal would subject U.S. banks for the first time to so-called "liquidity" requirements. Liquidity is the ability to access cash quickly.
    
The public has 90 days to comment on the rules, which Fed officials said are stronger than new international standards for banks. The rules would be phased in starting in January 2015.
    
The requirements were mandated by Congress after the financial crisis. They are part of new regulations that are intended to prevent another collapse severe enough to require taxpayer-funded bailouts and threaten the broader financial system.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

HD DOPPLER 6i
/
  • National NewsMore>>

  • Mad Minute stories from Wednesday, November 22nd

    Mad Minute stories from Wednesday, November 22nd

    Thursday, November 23 2017 2:00 AM EST2017-11-23 07:00:14 GMT

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Wednesday, November 22nd.

    More >>

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Wednesday, November 22nd.

    More >>
  • Commission alerted to review allegations against TripAdvisor

    Commission alerted to review allegations against TripAdvisor

    Thursday, November 23 2017 1:07 AM EST2017-11-23 06:07:07 GMT

    BOSTON (AP) - The Federal Trade Commission could take action against TripAdvisor after the Massachusetts-based travel company was accused of deleting hotel reviews that contained allegations of rape and other crimes. Several people told the Milwaukee Journal Sentinel this month they were sexually assaulted at Mexican hotels and resorts but the online reviews that mentioned the crimes were taken down. The Boston Globe says after the report was published Democratic Wi...

    More >>

    BOSTON (AP) - The Federal Trade Commission could take action against TripAdvisor after the Massachusetts-based travel company was accused of deleting hotel reviews that contained allegations of rape and other crimes. Several people told the Milwaukee Journal Sentinel this month they were sexually assaulted at Mexican hotels and resorts but the online reviews that mentioned the crimes were taken down. The Boston Globe says after the report was published Democratic Wi...

    More >>
  • The Latest: States investigate Uber over massive data breach

    The Latest: States investigate Uber over massive data breach

    Wednesday, November 22 2017 9:22 PM EST2017-11-23 02:22:07 GMT

    NEW YORK (AP) - The Latest on the data breach at Uber (all times local):  6:30 p.m. More U.S. states say they're investigating Uber over the ride-hailing company's massive data breach.    Missouri Attorney General Josh Hawley, a Republican, sent a letter Wednesday telling Uber to notify customers if their personal information might have been affected and demanding that the ride-hailing company make changes to protect data.    Massachusetts Attorney ...

    More >>

    NEW YORK (AP) - The Latest on the data breach at Uber (all times local):  6:30 p.m. More U.S. states say they're investigating Uber over the ride-hailing company's massive data breach.    Missouri Attorney General Josh Hawley, a Republican, sent a letter Wednesday telling Uber to notify customers if their personal information might have been affected and demanding that the ride-hailing company make changes to protect data.    Massachusetts Attorney ...

    More >>