Supreme Court allows Cook to remain at Federal Reserve

The Supreme Court found that President Donald Trump did not provide Lisa Cook requisite due process when he sought to remove her from the Fed last year, and for that reason denied the White House’s motion to remove her immediately.

Clash of titans: GSIB proposal pits megabank against megabank

JPMorgan Chase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.