Big Banks

Fed Imposes New Limits on Big Banks to Reduce Bailout Risks

The Wall Street Journal - Ryan Tracy

The Better Banking Law take: We welcome the Fed's recently proposed "total loss-absorbing capacity" principles, which are similar to those the European Central Bank has put forth to avoid taxpayer bailouts.

Top financier warns on anti-business sentiment

Financial Times - Alistair Gray

The Better Banking Law take: Capitalism can be "an engine of economic growth for all" with integrity & responsibility. Amen, John Nelson, of Lloyd's of London.

Mistakes are OK, grave errors are not, says UBS chief

Financial Times - Andrew Hill

The Better Banking Law take: Welcomed views on moderation and caveats after Sergio Ermotti's remarks on risk and "honest mistakes".