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Trump nominates Bowman to serve as Vice Chairman for Supervision at the Federal Reserve, likely to relax regulations.
Analysis suggests that if the USA Senate confirms the nomination, Bowman's approach to banking regulation will be more lenient than that of her predecessor Barr, as she has long criticized the "Basel III endgame" rule that requires banks to Hold more capital. This rule was proposed by Barr and aims to reform the risk assessment methods of large banks, whereas Bowman believes that the capital burden on banks should be reduced.
Banks Are Feeling the Strain as Lower-income Consumers Struggle With Inflation and Tariff Chaos
Morgan Stanley Maintains Zions Bancorp(ZION.US) With Hold Rating, Cuts Target Price to $64
Zions Bancorp Is Maintained at Equal-Weight by Morgan Stanley
Zions Bancorp Price Target Cut to $64.00/Share From $71.00 by Morgan Stanley
Express News | Shares of Banking Stocks Are Trading Lower Amid Economic Worries Driven by Tariffs and Trade Policies. Investors May Be Expecting a Decline in Investment and Consumer Spending, Which May Also Be Weighing on the Industry
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