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republican senator proposes stripping senate banking bill of help for big banks

republican senator proposes stripping senate banking bill of help for big banks News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



republican senator proposes stripping senate banking bill of help for big banks

sen. bob corker (r-tenn.) released a plan monday to eliminate proposed relief from capital requirements for some big banks in a bipartisan senate bill expected to pass this week. (reuters/joshua roberts)sen. bob corker (r-tenn.) has proposed stripping the bipartisan senate banking bill moving toward passage of a provision critics fear would allow some of wall street’s biggest firms to take on more financial risk.corker, who sits on the senate’s banking committee, filed an amendment monday to strike a section of the bill that could weaken one of the capital requirements imposed on banks in the wake of the 2008 financial crisis as a safeguard against another crash. the banking bill cleared a senate procedural vote last week and is expected to pass as early as this week.liberal democ...