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UPDATE 2-Fed's Yellen defends regulatory role, raises stress test changes

WASHINGTON, Sept 28- Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest.

Source: Reuters

UPDATE 1-Fed may change stress tests, capital buffers for U.S. banks -Yellen

WASHINGTON, Sept 28- The Federal Reserve is considering changes to the annual stress tests it gives U.S. banks to move to a more risk-sensitive, firm-specific approach that would raise capital requirements for big banks based on their test results, according to its chair, Janet Yellen. Testifying at a House of Representatives Financial Services Committee...

Source: Reuters

Trump plans would increase debt 26 TIMES more than Clinton's: Study

The national debt would surge under a Donald Trump presidency, though not as much as originally thought, according to a new analysis.


Why some Fed voting members hold more influence than others

WASHINGTON— Janet Yellen's Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others. The 7-3 vote reflected "no" votes from the presidents of three regional Fed banks— Esther George of Kansas City, Loretta Mester of Cleveland and Eric Rosengren of Boston.

Source: The Associated Press

The Latest: Yellen: Fed will monitor banks, controls

Federal Reserve's monetary policy meeting, which ended at 2 p.m. with the release of a policy statement, followed by a news conference by Chair Janet Yellen:. Fed Chair Janet Yellen says Fed officials have been "distressed" to see banks only addressing problems of employee misconduct after they crop up, rather than having solid procedures in place to ensure that...

Source: The Associated Press

If you missed billionaires Lasry & Sternlicht at Delivering Alpha, here's the transcript

Read the full transcript of billionaires Marc Lasry and Barry Sternlicht tackling the big issues of the day at Delivering Alpha, hosted by CNBC.


U.S. House committee set to approve Dodd-Frank revamp

WASHINGTON, Sept 13- The U.S. House Financial Services Committee is expected on Tuesday to pass a revamp of the Dodd-Frank Wall Street reform law, but the bill is not anticipated to receive President Barack Obama's signature if it ever reaches his desk. Critics say Congress went too far in its attempt to clamp down on Wall Street and prevent another financial...

Source: Reuters

Regulators seek tighter curbs on investments by big banks

The rules would prohibit banks from buying and selling commodities and would require them to disclose what’s left of their equity operations.

Source: The New York Times