Reported about 24 hours ago
The U.S. Federal Reserve is set to review the confidential health ratings of the country's largest banks, according to the Wall Street Journal. Incoming vice chair Michelle Bowman is expected to influence changes to the supervisory ratings, as the Fed awaits her Senate confirmation. Last year, only a third of the largest banks received satisfactory ratings, and Bowman's approach may affect how future scores are calculated.
Source: YAHOO