WASHINGTON, Oct 27 (Reuters) – The five biggest U.S. retail
banks added 25 million new deposit accounts since 2010, a study
showed on Monday, a sign that banks can continue to grow despite
a lack of public trust after the credit crisis.
Benefits perceived by clients, such as the easy availability
of cash points and a large branch network, were one of the
reasons not to break up the big banks, said the Bipartisan
Policy Centre, a centrist research group.
NEW YORK/WASHINGTON (Reuters) – The White House has told states that have imposed mandatory quarantines for some travellers from Ebola-hit West Africa that the policy could impede the fight against the disease, while the first health worker isolated under the rules plans to sue.
Kaci Hickox, a nurse placed in 21-day quarantine in a New Jersey hospital after returning from treating Ebola patients in Sierra Leone, will contest her quarantine in court, her attorney said on Sunday, arguing the order violates her constitutional rights.
WASHINGTON, Oct 26 (Reuters) – A nurse held in quarantine
under new Ebola rules imposed by three U.S. states sharply
criticized the order that put her in isolation in New Jersey on
Sunday, saying she was healthy and that politicians shouldn’t
meddle in medical decision-making.
Kaci Hickox, quarantined after landing at Newark Liberty
International Airport on Friday en route from Sierra Leone, said
she posed no threat to public health even though she cared for
Ebola patients. She said she has shown no symptoms of the deadly
disease, the only time an Ebola patient is contagious.
WASHINGTON/NEW YORK (Reuters) – Quarantines imposed on travellers coming from Ebola-affected countries in West Africa could discourage American health workers from going there to help fight the epidemic, a senior U.S. medical official said on Sunday, warning such measures were “a little bit draconian.”
New York, New Jersey and Illinois imposed 21-day mandatory quarantines in the last two days for anyone arriving with a risk of having contracted Ebola in Sierra Leone, Liberia and Guinea. They are the three West African countries that have borne the brunt of an epidemic that has killed nearly 5,000 people.
WASHINGTON/NEW YORK (Reuters) – Quarantines imposed on travelers coming from Ebola-affected countries in West Africa who have had contact with the disease could discourage American health workers from going there to help fight the epidemic, a senior U.S. medical official warned on Sunday.
“I don’t want to be directly criticizing the decision that was made but we have to be careful that there are unintended consequences,” Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said of the measures imposed by New York, New Jersey and Illinois.
WASHINGTON, Oct 21 (Reuters) – The U.S. Federal Deposit
Insurance Corp unveiled a final rule on Tuesday that requires
banks to retain at least 5 percent of the risk on their books
when they bundle loans, securitize them and sell them to
The rule, expected to be adopted by the FDIC later on
Tuesday, aims to prevent a repeat of the 2007-2009 financial
crisis, when banks’ lending standards became sloppy and they
securitized toxic subprime mortgage loans.
WASHINGTON, Oct 20 (Reuters) – Wall Street’s top trade group
is calling for the creation of a new inter-agency working group
of regulators and the White House that would be tasked with
developing consistent cybersecurity rules for the financial
The recommendation by the Securities Industry and Financial
Markets Association (SIFMA) was one of several unveiled on
Monday as part of a new paper that lays out proposed “principles
for effective cybersecurity regulatory guidance.”
WASHINGTON, Oct 17 (Reuters) – Banks’ reliance on poor risk
models is among the problems the Federal Reserve found in its
health check of the largest U.S. financial institutions, as the
Fed explained for the first time on Friday what it thinks of
this year’s industry submissions.
The Fed’s list of flaws that come with banks’ disclosures
for the so-called stress test show that while progress has been
made, the two sides are still a ways off in their expectations.
WASHINGTON, Oct 17 (Reuters) – Fresh from a court win in
Britain, the London Metal Exchange now faces one of its biggest
hurdles yet in its years-long crisis over its warehousing policy
that consumers say has inflated prices: convincing U.S.
lawmakers its reforms are enough.
When Britain’s Court of Appeal handed a victory to the LME
last week, knocking out a challenge to the reforms by Russian
aluminum giant Rusal last week, the LME’s head of
business development, Matt Chamberlain, was in Washington, a
source familiar with the matter said.
WASHINGTON, Oct 11 (Reuters) – Downside risks to the global
economy are a factor the Federal Reserve will have to consider
even as the U.S. economy recovers from the 2007-2009 financial
crisis, Fed Governor Daniel Tarullo said on Saturday.
Tarullo, a voting member of the Fed’s policymaking
committee, also said the U.S. economy is facing deep problems
from decaying infrastructure to a polarized income distribution
that could weaken demand in the future.