Kim Perales<p>"The biggest banks are planning to sue the Federal Reserve over annual stress tests."</p><p><a href="https://toad.social/tags/BigBanks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BigBanks</span></a> have been criticizing the Fed for 15 years. CEOs want to weaken regulations to increase profits. They want less onerous stress tests, lower capital requirements... They likely assume that Trump make their wishes come true. The stress tests & other regulations came about after the Financial Crisis to protect depositors. </p><p><a href="https://toad.social/tags/Deregulation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Deregulation</span></a> <a href="https://toad.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPol</span></a> <a href="https://toad.social/tags/CorporateGreed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CorporateGreed</span></a></p><p><a href="https://www.cnbc.com/2024/12/24/biggest-banks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cnbc.com/2024/12/24/biggest-ba</span><span class="invisible">nks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html</span></a></p>