Regulators reject Wall Street's calls to extend Covid relief for big banks
CNN
Federal regulators said Friday they won't extend a Covid relief provision granted to big banks, dashing Wall Street's hopes for an extension.
Last spring, when the economy and markets were in chaos, the Federal Reserve handed a sort of "get out of jail free" card to America's big banks: It loosened leverage rules that JPMorgan Chase (JPM), Bank of America (BAC) and other large lenders must abide by. But on Friday, US regulators said they would allow the leverage exemption to expire at the end of the month, explaining that the "temporary change was made to provide flexibility" to banks — allowing them to keep providing credit to families and businesses during the pandemic.
Gorilla at Calgary Zoo died after worker mistakenly activated wrong door, zoo officials say
President-elect Donald Trump is expected to offer Kelly Loeffler the job as of secretary of the Department of Agriculture, two people familiar with the matter told CNN.
Former Florida Rep. Matt Gaetz, who withdrew from consideration as President-elect Donald Trump’s pick for attorney general on Thursday, said Friday he will not be returning to Congress next year.
Republican Dave McCormick will defeat Pennsylvania Sen. Bob Casey, CNN projects, boosting the GOP majority in the Senate next year.
The judge overseeing Donald Trump’s criminal hush money trial has adjourned his sentencing which was set for next week.
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Laken Riley’s name was heard in court countless times and repeated by politicians around the country who described her brutal killing. But to those who really knew her, she was much more than a victim.
Hungry bears broke into a storage room at Joint Base Elmendorf-Richardson to feast on the military rations.
A man convicted in the 1994 killing of a female hitchhiker in Alabama was put to death Thursday evening in the nation’s third execution using nitrogen gas.
President-elect Donald Trump is considering shaking up the leadership at the FBI by firing the director and installing an experienced former agent and MAGA loyalist in the top two roles.