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Bank Of America Corporation (BAC): This Financial Services Stock Is A Good Addition to Your Portfolio Now
Powell held a closed-door meeting with US bank CEOs to avoid legal battles over capital reform plans.
Federal Reserve Chairman Jerome Powell recently attended a closed-door meeting with CEOs of large banks, encouraging them to cooperate with the Fed to avoid a legal battle that could ensue for years over the Biden administration's landmark capital plan. According to sources, Powell told bank executives including Jamie Dimon of JPMorgan and Jane Fraser of Citigroup that the public will have a chance to weigh in on key revisions to the plan. The meeting was held last month by the Financial Services Forum, a trade group for big banks. While Powell or other Fed officials met with the group of top bank CEOs
Bank of America Options Spot-On: On August 16th, 103.25K Contracts Were Traded, With 3.44 Million Open Interest
Powell Tells Bank CEOs to Work With Fed on Increased Capital Proposal - Report
Revenge of the Bond Proxies! Where Investors Are Finding Yields and Safety.
Unsold Picasso can still be exchanged for liquidity. Enter the art loan market that is booming on Wall Street.
A wealthy customer of Bank of America brought forward their art collection as collateral to borrow enough money to buy a sports team. Another customer used their collection of 19th century American landscape paintings to fund the renovation of their estate. This is the flourishing world of art loans - where collections are pledged as collateral so that wealthy collectors don't have to give up their valuable treasures in order to cash them in. The slow-down in art sales has forced many to reconsider their options. In May, the most important auction season in New York saw transaction amounts fall by about 23% YoY, with the world's richest buyers watching from the sidelines. Deloitte's global art and finance coordination team
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