BAC Jan 2025 40.000 put
| Previous close | 2.5200 |
| Open | 2.4100 |
| Bid | 3.1500 |
| Ask | 3.2000 |
| Strike | 40.00 |
| Expiry date | 2025-01-17 |
| Day's range | 2.4100 - 3.2000 |
| Contract range | N/A |
| Volume | |
| Open interest | 8.43k |
- Yahoo Finance Video
How one SCOTUS ruling could impact new bank rules
Federal Reserve official Michael Barr has unveiled new regulatory proposals targeting US banks. The changes would require the country's biggest banks to boost their capital reserves by an aggregate of 9%. To discuss the implications of these proposals, Catalysts welcomes Chairman of Whalen Global Advisors Chris Whalen. Whalen argues that the focus of this regulatory effort should have been on market risks rather than capital. He points out that since the Supreme Court overturned the "Chevron deference" doctrine, which previously gave regulatory agencies the benefit of the doubt when interpreting ambiguous laws, federal regulators are now more "vulnerable to losing in court" if banks choose to challenge their decisions legally. "The large banks are not happy seeing a 25% increase in capital [reserves] because they don't need it. These banks are giving back capital to investors every quarter. In fact, they would like to give back more. The banks are under-levered in terms of opportunity," Whalen tells Yahoo Finance. He adds, "So I think that the regulators are still not looking forward to future risks, they're looking behind." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Yahoo FinanceThe Fed backpedals and unveils a scaled-back proposal for bank capital requirements
The Federal Reserve unveiled that it's planning to scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan, warning it could restrict lending and hurt the economy.
ReutersBank of America boosts US minimum hourly wage to $24
Bank of America has raised its minimum hourly wage in the United States to $24, it said on Tuesday. The move brings the bank closer to its plan to reach a $25 minimum hourly wage by 2025, as it aims to attract and retain talent in a competitive job market. The second-largest U.S. lender has significantly increased its minimum hourly pay, raising it by 60% over the past seven years.
